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Here is a masonry blog layout with no sidebarGlobal nonlife insurers leverage innovation for financial strength: AM Best
The report notes that innovative companies may need to make a trade-off between higher expense ratios in the short run for lower and more-sustainable combined ratios in the long run OLDWICK, N.J: Five-year benchmarking analysis of AM Best-rated nonlife companies’...
Lloyd’s of London says Russia, Belarus represent less than 1% of business
"We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – to help deliver an effective sanctions regime against Russian assets," Lloyd's said in a statement on its website dated March 14 LONDON: Russia...
Mamata asks Kolkata mayor to form panel for fire safety audit of godowns
Mamata Banerjee,Chief Minister,West Bengal The major fire that had broken out in the godown in Tangra area on Saturday evening was brought under control after 15 hours of firefighting "The CM has asked me to form a high-powered committee, comprising police, fire...
U.S. Senate approves bill to make daylight saving time permanent
Supporters say the change could prevent a slight uptick in car crashes that typically occurs around the time changes and point to studies showing a small increase in the rate of heart attacks and strokes soon after the time change The change would also help enable...
Gallagher rebrands its Indian broking outfit
Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher commented: "This marks the first time the standalone Gallagher brand has been used in India and is a significant step as we continue to expand our footprint globally. We view...
SCOR Investment Partners launches an ESG focused debt fund
SCOR Infrastructure Loans IV, available to institutional investors, has secured an investment commitment of EUR 150 million from SCOR, the company’s anchor investor, and has a target fund size of between EUR 750 million and EUR 1 billion. Paris: SCOR Investment...
Over 180 cr doses of COVID vaccines administered, 77,314 adverse events reported: Centre to SC
The court is hearing arguments on a plea seeking directions for disclosure of data on clinical trials of COVID-19 vaccines and post-jab cases. The arguments would continue on March 21. New Delhi: The Centre on Tuesday told the Supreme Court that as on March 13 this...
Naxal violence down by 77 pc from all-time high in 2009: MHA
Replying to a written query, the minister further said that the deaths of both civilians and security forces have also reduced by 85 per cent from an all-time high of 1,005 in 2010 to 147 in 2021 The Minister also said that the Security Related Expenditure (SRE)...
DBS Bank India launches Green Deposits programme enabling institutions to support sustainable projects
The Green Deposits proposition combines all the benefits of a regular fixed deposit with a commitment from DBS to support green and sustainable loans disbursed by the bank Mumbai: In line with its focus on responsible banking, DBS Bank India has announced the launch...
Chinese virus cases climb, raise threat of trade disruption
The restrictions have wider potential ramifications, coming at a time when the global economy is under pressure from Russia's war on Ukraine, surging oil prices and weak consumer demand. "We can think of no risk to the global economy, excluding nuclear warfare, that...
Berkshire rejects shareholder call to replace Warren Buffett as chairman
Warren Buffett, chairman, Berkshire Hathaway The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security.Though...
Hacked US companies to face new reporting requirements
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation's cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks. The reporting will give the federal government much...
SoftBank execs to quit Paytm, Policybazaar boards as part of global plan
The decision is part of SoftBank's global strategy to exit from the boards of most of its listed portfolio companies, said the source SoftBank will, however, retain its shareholding in the two Indian companies New Delhi; Representatives of SoftBank Group Corp will...
ICEYE and Fermat Capital Management enter strategic alliance
Understanding the impact of flooding in near-real time is essential to the ongoing evolution of this sector and for developing solutions that will help communities better manage and respond to floods and other climate shocks,” said Read. Andy Read, Global Head of...
Russian airlines will keep planes leased from foreign firms
A new law will let Russian airlines keep their fleets and operate foreign planes on routes within Russia. Last week, Russia’s air-transport agency advised airlines with foreign-registered planes not to take them out of the country because of the risk they could be...
China’s lockdowns due to Covid surge could threaten half of economy
Shenzhen is the second-most important port in China after Shanghai, and processes about 10% of the containers shipped from China in any month. A part of the port was shut for weeks in mid-2021 to contain a local outbreak of Covid, but even then the port was able to...
India plans Rs 24,000 cr sovereign green bond as economy goes low carbon
India's maiden foray into the green bond space comes as it plans to fund renewable energy projects that will help meet its goal of net-zero emissions by 2070. The government is expecting lower yields on green bonds, as otherwise it sees little purpose in issuing them,...
Govt plans rejuvenation 13 rivers by forestry interventions, increase forest cover by 7,417.36 sq km
The proposed ''forestry interventions'' will help to sequester 50.21 million tons carbon dioxide equivalent in 10-year-old plantations and 74.76 million tons of CO2 equivalent in 20-year-old plantations, senior officials said The proposed interventions in the 13...