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Canada records 20-year high in outbound insurance M&A

International deals in insurers involving Canadian investors rose to $11.6 billion in 2020, the highest in at least two decades, according to data from Refinitiv.

That places Canadian investors as the third biggest investors in insurance deals, behind the UK and the United States, according to the data. Last year, Canadian investors were the fifth largest in the space.

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SC directs states to carry out fire safety audit of dedicated COVID-19 hospitals

A bench headed by Justice Ashok Bhushan said hospitals whose fire NOC has expired will have to get it renewed within four weeks. The top court said all the states will follow COVID-19 guidelines, including on wearing of face mask and adherence to social distancing measures, and the standard operating procedure issued by the competent authority.

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Vaccination for COVID-19 will be voluntary: Health ministry

“Vaccination for COVID-19 is voluntary. However, it is advisable to receive the complete schedule of the vaccine for protecting one-self against this disease and also to limit the spread of this disease to the close contacts including family members, friends, relatives and co-workers,” the ministry said in response to a question on if it is mandatory to take the shot.

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From insurers to landlords, retailers to restaurants, COVID tarnsforms  Economies

Like no other event in memory, the pandemic has upended economies in the United States and across the world — transforming how people work, travel, eat, shop and congregate. It has changed how students are educated, how people communicate, how households are entertained and which industries, geographic areas and categories of people will thrive and which will suffer.

It has widened a gap between educated and affluent people who can work from home and the less fortunate — people in lower-income households without college educations or high skills who depend solely on wages rather than stock or home equity gains — who now stand to be left further behind. And it’s forced many working mothers to quit their jobs for lack of child care.

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Vaccine ‘hesitancy’ rises among Indians as virus cases fall – survey

“It appears some of the key reasons for the hesitancy are limited information about side-effects, efficacy levels and a growing belief in parts of the population that COVID cannot affect them because of their high immunity levels,” LocalCircles said in a statement.

Many people in the survey, which had responses from nearly a third of India’s districts, said they believed “we are moving towards herd immunity”.

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Lloyd’s to end investment in coal-fired power plants, coal mines, oil sands by 2022

Bruce Carnegie-Brown, Chairman of Lloyd’s ESG committee and Chairman of Lloyd’s said: “This is the first time we have set an ESG strategy for the Lloyd’s market and it represents an important milestone on the journey towards building a more sustainable future. We have the opportunity to play our part in building back a braver, more resilient world. We recognise that the targets we are setting will be challenging, but will also bring new opportunities. We will work closely with our market and customers to help them plan for these changes as we implement a long-term managed programme towards sustainable, responsible underwriting.”

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Moderna Covid-19 vaccine all set for FDA emergency approval

If Moderna’s vaccine is approved by the FDA, it will become the second shot to be greenlighted in America. Moderna’s vaccine is based on the same technology as Pfizer’s – mRNA. The actual virus is not embedded inside these vaccines and people who get the shots can’t catch the virus from it. Instead, the vaccine contains a piece of genetic code that trains the body’s immune system to recognize the spike protein on the surface of the Covid-19 virus and helps mount an organic defence when the attack comes.

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