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Here is a masonry blog layout with no sidebarGuy Carpenter appoints Jeff Saper as CEO of Pacific Region
In his new role, Mr. Saper will be responsible for overseeing the company’s Treaty and Facultative activities in the Pacific region and will focus on further developing its growth strategy and strengthening its capabilities. Based in Sydney, Mr. Saper will report to Tony Gallagher, Asia Pacific CEO.
Australian bushfire insurance losses at $431 mn from 6000 insurance claims
Insurers have booked hundreds of hotel and motel rooms and are providing emergency accommodation and financial assistance to many customers. And assessors have been mobilised from all over Australia and New Zealand to help examine properties in fire-affected regions as soon as it’s safe to enter them.
Pool Re makes terrorism cover more accessible to U.K. businesses
“Pool Re recognizes that different buyers have different profiles, and we need to continuously adapt to their needs,” said Steve Coates, Pool Re CUO. “Widening the definition of SME – who receive business interruption cover at no cost when they buy a physical damage policy – means that we can offer more affordable terrorism cover and as a result, better accessibility to a wider range of companies.”
Experiments to study operation of commercial BVLOS drones to take place in Jan: Aviation Minister
Govt may cut back on spending by Rs 2-trn as it faces revenue shortfall
New safety flaws found in Boeing 737 Max
UK financial services sector maintains record tax contribution
Catherine McGuinness, Policy Chair at the City of London Corporation, said,“With Brexit looming, however, the UK must remain competitive to safeguard the sector’s employment base and significant tax contribution. The sector is vital to supporting prosperity right across the country. Besides 1.1 million directly employed, it provides services such as bank accounts, mortgages and business loans on which millions more depend upon in their daily lives. It will play a critical role in fuelling our economic success after we leave the European Union.”
$5-trillion economy achievable but time frame uncertain: SBI Chairman
FPIs begin 2020 with profit booking, withdraw Rs 2,418 cr in 1st 3 sessions
Govt plans quarterly, half-yearly financial statement norms for unlisted companies
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.