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Aon appoints of Anne Corona as CEO of Enterprise Clients and global chief commercial officer
This appointment is part of Aon's strategy to advance its...
wefox agrees to sell insurance carrier to a group of Swiss companies led by BERAG
wefox has agreed to sell the insurance company to a group of Swiss...
Biological E gets nod for phase 2/3 clinical trial on children, adolescents
So far indigenously developed Zydus Cadila’s needle-free COVID-19 vaccine ZyCoV-D has received emergency use authorisation from the drug regulator, making it the first vaccine to be administered in the age group of 12-18 years in the country.
ICICI Lombard gets final IRDAI nod for acquiring Bharti Axa, to be 2nd largest Indian general insurer
The merger of Bharti Axa General Insurance with ICICI Lombard General Insurance, had earlier got formalised in an all-stock deal, valued at €521 million(approximately Rs 4,200 crore).
The shareholders of Bharti AXA will receive two shares of ICICI Lombard for every 115 shares of Bharti AXA held by them as on the date as the scheme of arrangement is approved by the board of directors of ICICI Lombard and Bharti AXA.
he consolidated entity will have a market share of about 8.7 per cent on a pro forma basis in the non-life business,
Govt revamps incentives for autos to boost EVs, hydrogen fuel cells: Report
Auto parts makers, however, will get incentives to produce components for clean cars as well as for investing in safety-related parts and other advanced technologies like sensors and radars used in connected cars, automatic transmission, cruise control and other electronics, the sources said.
“The idea is to promote the development of technology that is currently not manufactured in India but is imported either because regulation demands it or customers want those features in their cars,” said the second source.
India records 47,092 new COVID-19 cases, biggest daily rise in 2 months
“With cases rising in Kerala, adequate steps should be taken to contain the inter-state spread of COVID-19,” Health Minister Mansukh Mandaviya said in a statement after speaking with his state counterparts in Tamil Nadu and Karnataka, which border Kerala.
He asked them to increase vaccination in the districts close to Kerala. India has so far administered 662 million doses, with at least one dose in 54% of its 944 million adults and the required two doses in 16%.
Surging collision risks Satellite and Space Debris force insurers to exit satellite coverage market
Space coverage has been a lucrative niche for insurers, which took in $475 million in gross premiums to cover satellites, rockets and unmanned space flights last year and paid just $425 million in losses, according to Seradata.
Space premiums are 10-20 times aviation premiums, said Peter Elson, CEO of insurance broker Gallagher Aerospace.
Only 11 spacecraft have suffered a partial or total failure due to suspected debris strikes over the past decade, according to Seradata, making insurer worries largely theoretical for now.
Yet because insurers predict risks over the life of current and future policies, space underwriters fret over doomsday scenarios years ahead.
WHO warns new Mu variant of Covid-19 could be more vaccine-resistant
The new variant was added to the WHO’s watchlist on August 30 after it was detected in 39 countries and found to possess a “constellation of mutations that indicate potential properties of immune escape,” it said.
Number of people with dementia set to jump 40% to 78 mln by 2030 -WHO
Only one in four countries has a national policy in place to support dementia patients and their families, it said, urging governments to step up to the public health challenge.
“Dementia robs millions of people of their memories, independence and dignity, but it also robs the rest of us of the people we know and love,” said Tedros Adhanom Ghebreyesus, WHO director-general.
Aon acquires 100% of its Indian JV, buys out 51% from Narayana Murthy’s Catamaran
Aon is the second intenational broker, after another USA based Galligher, that has now a fully owned company in India after the government allowed 100 per cent FDI in the domestic insurance intermediaries sector two years back.
Munich Re raises €1bn green bond
Christoph Jurecka, chief financial officer(CFO), Munich Re , said climate protection is an integral part of our Ambition 2025 Group strategy.
“By issuing a green bond, we have once again leveraged the capital markets to fund green investments. We strengthen our capital base, which gives us the financial flexibility to take advantage of current growth opportunities,” he said.
Over half of India’s adult population received at least 1 Covid shot: Govt
“Besides, 16 per cent of India’s adult population have been fully vaccinated which means they have received both the doses of COVID-19 vaccine while 54 per cent have been administered at least one dose,” the Union health secretary said.