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China regulator met with foreign investors to alleviate concerns
The meeting comes as Beijing scrambles to shore up investor...
Tesla investors to get $12,000 each from Musk’s SEC deal
The US Securities and Exchange Commission aims to pay the investors...
Google users in UK to lose EU data protection due to Brexit: Report
Google has decided to move its British users out of Irish jurisdiction because it is unclear whether Britain will follow GDPR or adopt other rules that could affect the handling of user data, the people said.
UK watchdog to scrutinise how companies, auditors calculate climate risk
“Tackling climate change has implications across the board, including on corporate reporting,” Valdis Dombrovskis, the Commission’s Executive Vice-President for an Economy that Works for Peoples, said.
World Bank Pandemic Bond losing value, facing criticism as Coronavirus spreads
In the case of a coronavirus outbreak for the Class B notes, this is 84 days from when the World Health Organization (WHO) publishes its first “situation report.” In the current outbreak, that would be in mid-April.
Swiss Re 2019 profit hit by natural disasters, U.S. casualty claims
Swiss Re’s combined ratio in its property and casualty division, a key measure of profitability, worsened to 107.8% versus 104% a year earlier. Readings below 100 indicate profitability. The company had expected the division’s ratio to be about 98% this year.
China’s Ping An Insurance says Coronavirus outbreak could hit business
-Ping An’s comments on the virus were included in its annual results, where the company reported a 39% increase in annual net profit on the strength of its retail business, but missed expectations.
-The coronavirus outbreak in China has caused widespread disruption to businesses and factory production, raising worries about the country’s economic outlook as growth is expected to slow sharply in the first quarter.
India becomes 5th largest economy, overtakes UK, France: Report
-India’s economy is the fifth largest in the world with a GDP of $ 2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot,report said.
-The size of the UK economy is $ 2.83 trillion and that of France is $ 2.71 trillion
Global warming creating ‘Irreversible’ ice melt in Antarctica: Scientist
-The hottest temperature ever recorded in Antarctica of 18.3 degrees Celsius (64.94 degrees Fahrenheit) was taken at a research base there on Feb. 6. If hotter temperatures were to sustain they could cause an extreme global sea level rise.
“This will gradually displace people as it goes,” Thomas said. “We know this is already happening in small island communities and this will just continue to happen gradually as more and more houses are being inundated at high tide, then at normal tide and then even at low tide.”
Coronavirus: Fear of global outbreak mounts as passengers start leaving the quarantined cruise ship
The US Centers for Disease Control and Prevention said the risks were ongoing and Japan’s measures “may not have been sufficient to prevent transmission among individuals on the ship.” It put in place travel restrictions on the passengers and crew on the vessel, adding “there may be additional confirmed cases of Covid-19 among the remaining passengers on board the Diamond Princess.”
12 Chinese insurers co-launch coverage for businesses hit by Coronavirus
The six-month insurance, co-launched by 12 leading insurers including PICC, China Pacific Insurance Co., and Ping An Insurance Group, provides cover for production losses, wages paid to employees in quarantine and fees incurred due to the suspension of operations as a result of the epidemic, according to the notice.
Climate change could make premiums unaffordable: QBE Insurance
-The insurer said it has started to adjust its catastrophe models to factor in the expected impacts of climate change until 2100, and would assess the impact on its weather-related exposures from emissions and temperatures.
-In the short-term, QBE would manage higher claims by considering event frequency and severity in its capital planning and will deploy a comprehensive catastrophe reinsurance program, it said.