Indian
RBI holds the key lending rate at 6.50% after six repo rate hikes in a row
Shaktikanta Das,Governor, Reserve Bank of India The monetary policy...
Cases of substandard pharma products: Pharmexcil talking to authorities abroad to retain confidence
This assumes significance on the backdrop of two recent incidents...
India reports 4, 435 coronavirus cases in 24 hours, highest in past six months
In the wake of rising COVID-19 cases in India, Union Health...
NHAI to provide hospitalisation insurance cover to road accident victims on all four arms of the Golden Quadrilateral stretch: Gadkari
Road Transport and Highways Minister Nitin Gadkari Replying to a...
International
Beazley launches life sciences offering in Asia Pacific
Prashansa Daga, Healthcare Underwriter said: “The life sciences sector across Asia has been growing significantly in recent years and has already overtaken EU in terms of size*. Asia Pacific is now the second largest market in terms of size after the US. Covid-19 has also exposed the need for self-reliance amongst different countries in the region as we saw closing of borders, restriction on movement of pharmaceutical ingredients and the global vaccine scramble. The response to Covid-19 has also fuelled a race to create tests, vaccines and treatments. As an industry driven by intrinsic innovation and inelastic demand for patient needs, life sciences is expected to see significant growth in years to come. Our policy provides clear, broad and flexible cover for a range of risks to help this diverse sector to manage its risk exposures and continue to expand and thrive.”
Delta variant now reported in 135 countries, global coronavirus cases could exceed 200 million by next week: WHO
The global number of new cases has been increasing for more than a month, with over 4 million cases reported in the past week – July 26 to August 1, the update said.
“This increasing trend is largely attributed to substantial increases in the Eastern Mediterranean and the Western Pacific Regions which reported 37 percent and 33 percent increases respectively as compared to the previous week, while the South-East Asia Region reported a 9 percent increase,” it said.
IMF OKs big increase in funds to alleviate pandemic impact
Willis Towers mulls sale of reinsurance unit after halting merger
Reports this week suggested Gallagher was close to clinching a deal for Willis Re, but Willis Towers Watson Chief Executive Officer John Haley said he is considering wider possibilities.
“We’re conducting a review of strategic alternatives for Willis Re,” Haley told a conference call on Tuesday reporting on second-quarter results. While the timing was “appropriate” given the failed merger, he warned that a sale was not assured.
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