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Telangana govt rejoins PM Fasal Bima Yojana scheme to safeguard farmers
A Revanth Reddy,Chief Minister, Telanngana ''The state government...
Sebi clears Fairfax-backed Digit’s IPO after delay
Prem Watsa, CEO, Fairfax Financial Digit now plans to market its...
Charles Taylor appoints Bobby Gracey as global head of fraud
Damain Ely, CEO, Charles Taylor Adjusting, said “As Insurers across the world look to control claims costs, the conditions for a greater level of claims fraud can increase, so developing counter fraud capabilities becomes essential. This is the time to support our clients further by developing our counter fraud expertise. Bobby has demonstrated his strong knowledge and experience, making him the obvious choice to lead our global fraud function. We are delighted that he is joining us.”
Aon launches digital cyber insurance for small and middle market businesses
CHICAGO, : Aon plc today announced the launch of a digital insurance solution for small and middle market businesses. With this new offering, businesses across a wide spectrum of industries can go through the full end-to-end process of buying and...
Allianz to acquier Westpac Banking Corp’s general insurance business
It will also enter into a new 20-year exclusive agreement for the distribution of general insurance products to Westpac customers in an expansion of its existing bancassurance agreement, which has been in place since 2015.Under the new distribution agreement, along with the existing products of motor, caravan and trailer and travel insurance,
Fairfax sales RiverStone Europe to CVC Capital
“RiverStone Europe is an industry leader in run-off insurance services, and CVC’s scale and vision will give RiverStone Europe, under the continued leadership of Luke and his management team, the opportunity to further grow the business. Nick and Luke are also fully supportive of this transaction, based on their strong beliefs that it was the best way for RiverStone Europe to continue to grow and pursue run-off transactions. We wish Luke and all of the employees at RiverStone Europe much success in the future. Fairfax remains committed to continuing to grow its other European businesses, including its Lloyd’s of London activities,” said Watsa.
Cyclone Burevi slams into eastern Sri Lanka
The cyclone is likely to damage coastal buildings and power lines and unleash flash floods, the island’s disaster management center said, advising those living near its path to stay indoors.Those evacuated, from the Trincomalee district expected to be hit the hardest, have been moved into 237 relief centers until the cyclone passes, disaster officials said.
Rusty pilots making flying errors is next aviation headache
“Regular flying keeps your mind in the cockpit,” said Mohan Ranganathan, an aviation safety consultant who was an adviser to India’s Directorate General of Civil Aviation. “Being away from flying for such a long time brings in some complacency. Add loss of income, uncertainty about jobs or the future of the airline, that brings in additional stress. With an increase in stress levels, proficiency drops.”
U.S. plans for first COVID vaccines as pandemic deaths surge again
“Within 24 hours, maybe at most 36 to 48 hours, from the approval, the vaccine can be in people’s arms,” Moncef Slaoui, a former GlaxoSmithKline executive who is overseeing the vaccine portion of the U.S. program, said at an event conducted by The Washington Post newspaper
COVID-19 caseload in India climbs to 94.99 lakh
The number of people who have recuperated from the disease surged to 89,32,647 pushing the national recovery rate to 94.03 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
The active COVID-19 caseload remained below 5 lakh for the 22nd consecutive day. There are 4,28,644 active coronavirus infections in the country which comprises 4.51 per cent of the total caseload, the data stated.
New Zealand declares climate emergency, promises carbon neutral govt by 2025
In her first term she passed a Zero Carbon Bill, which sets the framework for net zero emissions by 2050 with an exemption for farming, and banned new offshore oil and gas exploration.
Nearly half of New Zealand’s greenhouse gas emissions come from agriculture, mainly methane.
The government on Wednesday promised the public sector will achieve carbon neutrality by 2025. Government agencies would have to measure and report emissions and offset any they can’t cut by 2025.
Markel Singapore appoints Marine Underwriter
Before joining Markel, she was an underwriter at MS Amlin where she was responsible for underwriting a P&I portfolio. Prior to that, she was at Charles Taylor developing its P&I portfolio