Indian
Aviation watchdog issues warning on India over jet repo fight
The move by the Aviation Working Group, a UK-based entity that...
Banks to launch 100 days campaign to trace & settle unclaimed deposits: RBI
Balances in savings/current accounts which are not operated for 10...
Max Financial Services Q4 net profit slips 64 pc to Rs 52 crore
Prashant Tripathy, managing director, Max Life Insurance Company ,...
World Bank team meets Kerala CM; expresses interest in state’s carbon neutral initiatives
World Bank Vice President for South Asia Region Martin Raiser said...
International
Extreme heat growing health issue; killed 356,000 people in 2019: Study
“The effects extreme heat exposure can have on the body present a clear and growing global health issue,” said Ollie Jay, a professor from the University of Sydney, and a co-author of the Heat and Health report.
The findings echo another report, a two-part series called “Heat and Health” that was also published in The Lancet this week. It calls for global warming to be limited to 2.7 degrees F, in line with the Paris Climate Accords, to reduce heat-related mortality in the future. Otherwise, deaths will increase further and extreme heat will also lessen worker productivity and exacerbate other environmental challenges, such as wildfires, researchers said.
Marsh and Citi develop innovative cover, to help speed global delivery of COVAX vaccines
The policy is underwritten by six leading insurers: AXA XL, Chubb, Liberty Specialty Markets, Sovereign Risk Insurance, Swiss Re Corporate Solutions, and Tokio Marine HCC.
Stephen Kay, Political Risk Leader, Marsh said: “Striving for greater global vaccine equity by increasing vaccination rates worldwide will not only help countries recover faster from the impact of the pandemic, but may also reduce the risk of new variants that come from high levels of community transmission. This innovative structure will hasten that process by allowing Gavi to procure and distribute vaccines more speedily and with greater financial confidence.”
Ron Whyte joins Miller to lead broker’s expansion in Asia-Pacific
Whyte, who joins as Head of Strategic Development, will be based in Singapore and brings over 40 years of industry experience to Miller. His focus will be to drive Miller’s growth strategy in the Asia-Pacific region, bringing Miller’s exceptional capabilities and expanding its service proposition to clients and prospects. He will commence his role on 1 September 2021.
AXA XL adds pollution insurance underwriters in the US; promotes environmental claims leader
According to MaryAnn Susavidge, Chief Underwriting Officer for AXA XL’s Environmental insurance business, “The Environmental insurance market continues to show growth opportunities, largely driven by increased construction and M&A activities. Companies looking to minimize their potential environmental liabilities find that pollution insurance is an effective risk management option. “
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