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Building a new Key Bridge could take years and cost at least $400 million, experts say
The Key Bridge collapsed Tuesday, killing six members of a crew...
Lloyd’s of London swings to $13.5 billion profit in 2023
“We’ll continue working with our market to deliver consistent...
Brazil’s Braskem settles lawsuits over sinking city for $1.75 bln
A federal study found that Braskem’s salt mines were the cause of cracks that destabilized homes, although Braskem had previously said that the study is flawed. The damages have affected more than 9,000 homes and some 17,000 residents must be relocated.
World risks ‘moral catastrophe’ if COVID shots delayed in Africa, its CDC chief says
Cases of the new coronavirus increased by nearly 19% since last week and deaths increased by 26%, according to Africa CDC data. Africa has recorded 2.7 million coronavirus infections and 64,000 deaths as of Thursday, it says.
South Africa, where a new variant of the virus has been detected, recorded 82,000 cases in the past week, he said.
COVID-19: India records lowest daily cases in over six months
The number of people who have recuperated from the disease surged to 99,75,958 pushing the national recovery rate to 96.32 per cent,while the COVID-19 case fatality rate stands at 1.45 per cent.
There are 2,31,036active coronavirus infections in the country which comprises 2.23per cent of the total caseload,the data stated.
MS Amlin Underwriting launches Phoenix 1 Re Pte,first locally issued ILS to focus solely on APAC region
Phoenix 1 Re Pte. Ltd. is the landmark first locally issued ILS to provide capacity to a local cedant, solely focused on the Pan-Asia region.
Will Ho, CEO, MS AAP said: “ Through the creation of a remote risk facility, which caters to regional business, MS AAP will now be able to leverage larger capacity that we can deploy to our core clients on their reinsurance programmes as demand and growth increases in Asia. Phoenix 1 Re is an important long-term strategic initiative for MS AAP as we continue to seek ways to build capacity and relationships with capital market partners.”
China doubles down on COVID narrative as WHO investigation looms
Raina MacIntyre, head of the Kirby Institute’s Biosecurity Research Program in Australia, said the investigation needed to draw “a comprehensive global picture of the epidemiological clues”, including any evidence COVID-19 was present outside of China before December 2019.
Private sector should be an ally In India’s big vaccine push
The ugly truth about India is that its problems rarely revolve around production; too often they center on distribution. We produce more than enough food but can’t distribute it to our population, so we have a third of the world’s malnourished children. While we generate more than enough electricity, our distribution system is inefficient and unprofitable – and so businesses and homes are plagued by constant power cuts.
Ready to roll out COVID-19 vaccine within 10 days of emergency use authorisation: Govt
Bhushan further said that Co-WIN has the facility of automated session allocation, Aadhaar authentication to prevent malpractice, creation of Unique Health ID for willing beneficiaries, reporting and tracking of adverse events following immunization, if any, SMSes in 12 languages to guide beneficiaries and vaccinators, QR code-based vaccination certificate issued after all doses, DigiLocker integrated for data retrieval and storing QR code-based certificate, 24×7 Helpline including IT professionals.
70 mn doses ready: Delays over pricing holding back India’s vaccine rollout
For Prime Minister Narendra Modi, each cent spent on the price of a vaccine in a nation home to more than 1.3 billion people will have serious financial consequences for his administration.
Localised herd immunity, young population behind the dip in India’s Covid count?
While there is a glimmer of hope and India’s Covid-19 numbers are on a definite decline for a combination of reasons, a vaccination programme continues to be important, particularly given the presence of a mutant, more transmissible strain, several experts said while cautioning against infection upticks ahead.
BMS launches ASIA operations
“We will look to expand out from M&A insurance into additional specialisms, extending our existing areas of expertise into other sectors, potentially including reinsurance, renewable energy, marine, and capital markets. We hope our ambition and entrepreneurial culture will continue to attract the very best talent in the market,”said Nick Cook, CEO of BMS Group