Israel’s parliamentary finance committee said late on Tuesday it...
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GI Council ropes in health insurance expert to implement 100% cashless payment system
Segar Sampathkumar, director, Health Insurance, GI Council Such a...
4 dead, 70 injured as Delhi-Kamakhya North East Express derails near Bihar
Buxar Superintendent of Police Manish Kumar told PTI four...
New safety flaws found in Boeing 737 Max
The emergence of new troubles threatens to extend a crisis that is disrupting the global aviation business. The Max has been grounded since March, after the two crashes killed 346.
Capsicum Re launches aviation reinsurance team
Matt FitzGerald, Managing Partner of the London Property and Specialty division, said: “2019 was a challenging year for the aviation market having suffered from years of declining rates and notable loss activity.However, there were also a number of positive developments: our joint venture partner Gallagher acquired JLT’s global aerospace division, there were a number of new entrants into this class as well as exits and there is an upwards pricing momentum in the aviation market. We are entering this market as we see an opportunity to bring our client focused, holistic entrepreneurial approach to this sector.”
Many PSBs may exit insurance JVs in 2020 to raise funds
According to Finance Ministry estimates last year, PSBs will require Rs 1.8 lakh crore additional capital in the next four financial years. Of this, they will have to raise Rs 1.1 lakh crore from the market or via the sale of non-core assets. The ministry of finance earlier indicated that weaker banks will have to sell assets, reduce overheads, shut loss-making domestic and foreign branches and temporarily stop employee benefits, if necessary, in order to independently raise capital to meet the shortage.
Daimler recalls 744,000 US Mercedes-Benz 2001-2011 cars for faulty sunroofs
Last month, Mercedes-Benz USA agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.
Air pollution affects bone health
Osteoporosis is a disease in which the density and quality of the bone are reduced. Globally, it is responsible for a substantial burden of disease and its prevalence is expected to increase due to ageing of the population.
Outlook for passenger vehicle and CV sales remain negative:ICRA
The negative outlook on the PV sector was due to the slowing economic growth, the sharp decline in wholesale despatches to destock dealership inventory as well as tepid retail demand, Icra said in a release.
171 hospitals de-empanelled, Rs 4.5 crore in penalties imposed for fraud under Ayushman Bharat
The NHA said the National Anti-Fraud Unit has detected suspect e-cards on the basis of algorithms developed internally by it and shared with states for due diligence and action.
Oil prices surge after US strike kills Iranian general
“This is more than just bloodying Iran’s nose,” said AxiTrader’s Stephen Innes. “This is an aggressive show of force and an outright provocation that could trigger another Middle East war.”
Terror threat: US asks its airlines to exercise caution in Pakistan airspace
“The ongoing presence of extremist/militant elements operating in Pakistan poses a continued risk to US civil aviation from small-arms fire, complex attacks against airports, indirect weapons fire, and anti-aircraft fire, any of which could occur with little or no warning,” it said.
January 1, 2020 reinsurance renewals reflect asymmetrical market:Guy Carpenter
David Priebe, Chairman of Guy Carpenter, added: “The reinsurance market enters 2020 in a solid position with initial analysis of dedicated reinsurance capital up slightly as compared to a year ago, bolstered by mid-single digit growth in rated capital in 2019. Accounting for the impact of trapped capital, total available capital at January 1 is close to flat. While reinsurers will continue to deploy capacity cautiously, with cedents’ performance and loss experiences scrutinized closely, the sector remains well capitalized overall.”