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UBS CEO Ermotti Sergio to succeed Walter Kielholz as Swiss Re Chairman

He started his professional career at Merrill Lynch in 1987, where he held various positions in the areas of equity derivatives and capital markets before he became Co-Head of Global Equity Markets and a member of the Executive Management Committee for Global Markets & Investment Banking in 2001. Sergio P. Ermotti, a Swiss citizen, is a Swiss-certified banking expert and a graduate of the Advanced Management Programme at the University of Oxford, United Kingdom.

After China, Italy could cause maximum spread of Caronavirus globally:AIR  

“Our analysis of risks associated with the current outbreaks in South Korea, Italy, and Iran, highlights the following countries at highest risk for onward infections from these secondary outbreaks,” Dr. Narges Dorratoltaj, senior scientist at AIR Worldwide.

For South Korea:Japan,United States,Vietnam,Thailand,Philippines,Taiwan
For Italy:Germany,United Kingdom,Spain,France,Netherlands,Belgium,United States,Romania
For Iran:United Arab Emirates,Turkey,Iraq,Qatar,Germany,Kuwait,Italy

Lloyd’s launches new cryptocurrency wallet insurance solution for Coincover

Matthew Greaves, Underwriter, Atrium, said:“There is a growing demand for insurance that can protect cryptocurrency as it becomes increasingly popular. It is a testament to Lloyd’s that the market has put together an innovative solution to mitigate these new risks and protect against theft – from physical as well as online vaults – thereby providing customers with piece of mind that their assets are safe.”

Handshake? No thanks: coronavirus changes global habits

FRANCE
Newspapers have been filled with advice on how to replace kissing on the cheek – an everyday greeting in France, even between people who have only just met – and handshaking, a common formality at work.
Etiquette expert Philippe Lichtfus, who has been widely cited in the media, says handshakes are a relatively recent development that began in the Middle Ages.
He says simply looking into a person’s eyes can suffice as a greeting.

Paytm launches insurance broking biz,to cross-sell insurance products through its leverage on its 16 mn merchants

Through its 100% subsidiary PIBPL, the company will now offer insurance products across four categories including two-wheeler, four-wheeler, health and life. PIBPL has already tied up with 20 of the leading insurance firms in India and would be integrating with 30 more companies over the next few weeks.Other than online initiatives, the company would be leveraging on its 16 million-strong merchant partner base to sell its insurance products all over the country.

Aviva India eyes millennials, launches a new brand campaign

Anjali Malhotra Chief Customer, Marketing, Digital and IT Officer, Aviva Life Insurance said, “Aviva India has always brought a fresh perspective towards life insurance. We believe that the idea of life insurance must resonate with positivity and confidence to help customers face life and its surprises with good, sound financial plans. Hello, Life. Hello, Aviva is our endeavor to trigger this important, but oft ignored thought among millennials.

Auto majors see falling sales in Feb

-The country’s largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 1.1 per cent decline in sales at 1,47,110 units in February.Hyundai Motor India Ltd (HMIL)  also reported a 10.3 per cent decline in total sales at 48,910 units while Mahindra and Mahindra (M&M) recorded a 42 per cent decline in total sales at 32,476 units in the same month. 

-However, major automobile manufacturers Maruti Suzuki, Hyundai and Toyota Kirloskar Motor do not see any immediate impact on their production schedules due to disruption in supply of components from plants located in coronavirus-hit China.