HDFC Life International, based in GIFT IFSC, has launched a...
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India seeks $26 bln of private nuclear power investments
This is the first time New Delhi is pursuing private investment in...
IRDAI considers mandating Cross Boarder Reinsurers to furnish large collaterals for accessing Indian business
`The CBRs have been getting significant amount of premiums from...
COVID-19 reinfection unlikely for at least six months, study finds
“This is really good news, because we can be confident that, at least in the short term, most people who get COVID-19 won’t get it again,” said David Eyre, a professor at Oxford’s Nuffield Department of Population Health, who co-led the study.
COVID-19 caseload in India breaches 90-lakh mark
The COVID-19 case fatality rate has further declined to 1.46 per cent.There are 4,43,794 active cases of coronavirus infection in the country which comprises 4.92 per cent of the total caseload, the data stated
According to the ICMR, a cumulative total of 12,95,91,786 samples have been tested up to November 20 with 10,83,397 samples being tested on Thursday
U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain
Questions remain over how quickly other regulators, especially in China, will lift their flight bans.
The U.S. planemaker’s best-selling jet will make its comeback facing headwinds from a resurgent coronavirus pandemic, new European trade tariffs and mistrust of one of the most scrutinized brands in aviation.
Lloyd’s of London sees global pandemic insurance losses above previous estimate
Lloyd’s has proposed a “Black Swan” reinsurance scheme to governments globally to ensure better cover during circumstances such as the pandemic and other disturbances to business, but Carnegie-Brown said it was hard to get government attention on the topic so far.
“The challenge for governments of course is that they are very short-term focused… (it is) very difficult for them to lift their heads above the parapet and think about the future,” Carnegie-Brown said.
Canada’s Intact, Denmark’s Tryg agree to buy British insurer RSA for $9.6 billion
Best known in Britain for its more than brand, RSA provides home, motor and commercial insurance and also has large operations in Canada, Ireland and Scandinavia.
Aon Launches Asia Pacific Capital Advisory Unit to support Re/insurers
“In the current environment, many Asia Pacific re/insurers are experiencing low growth, low underwriting margins and low investment income, while facing higher capital requirements due to regulatory and rating agency obligations,” said Rupert Moore, CEO of Japan for Reinsurance Solutions,, AON
Santam loses virus-linked test case for S. African insurers
The court agreed with the approach of the UK Financial Conduct Authority in settling business-interruption claims as a result of COVID-19 restrictions and ordered Santam to pay Ma-Afrika Hotels and Stellenbosch Kitchen for losses for an 18-month period, according to the judgment on Tuesday.
Generali to step up asset management expansion
The group’s long-term ambition is to position Generali among the top five multi-boutiques in the world by profits, it said. These are usually specialized investment divisions operating under the umbrella of a larger company.
“We have 2.5 billion euros for further acquisitions,” the insurer’s general manager Frederic de Courtois said in a presentation.
Oxford’s COVID-19 vaccine trial results ‘definitely’ before Christmas – investigator
The Covid-19 vaccine being developed by the University of Oxford produces an immune response in both elderly and young people and adverse reactions were lower among the elderly, AstraZeneca said .
Indian businesses hit by more ransomware attacks in APAC region:Survey
Indian organisations feel most threatened by eCrime groups (90 per cent), hacktivists (77 per cent) and insider threats (66 per cent) followed by threats from nation states (64 per cent), according to the “2020 CrowdStrike Global Security Attitude Survey.”