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Indian
SBI Life net rises marginally to Rs 77.6 cr in Mar qtr
The value of new business grew 37 per cent to Rs 5,067 crore, with...
Bajaj Allianz Life declares bonus of Rs 1,201 cr to policyholders in FY23
As many as 11.43 lakh participating policyholders out of its total...
Hinduja Group emerges sole bidder with Rs 9,650 crore offer for Reliance Cap in 2nd auction
However, according to sources, any decision on the resolution of...
SC sets aside Gujarat HC order to treat Ayurveda physicians at par with allopathy doctors
While recognising the importance of Ayurveda practitioners and the...
International
GIC Re shuts down Dubai branch, moves its MENA business to India’s GIFT City
.“Following a review of the branch operations, it has been decided to underwrite business emanating from the MENA region (both new and renewal), effective 3 July 2021, from Gujarat International Finance Tec-City,” GIC Re said in a letter addressed to all business partners on 5th August, signed by Balaji Thiagarajan, CEO, GIC Re, Dubai.
GIC Re said that it will continue to service the underwriting and claims run-off from business underwritten earlier from its Dubai office,
Global Covid deaths estimated to reach 5.3 million by December
There have been almost 4.3 million deaths from Covid-19 globally since the start of the pandemic, according to the World Health Organization.
The delta variant is associated with viral loads that are more than 1,200 times higher in newly infected individuals compared with the original coronavirus strain, which means that delta can spread as easily as chickenpox.
AIG is reducing cyber insurance limits as cost of coverage soars
“We continue to carefully reduce cyber limits and are obtaining tighter terms and conditions to address increasing cyber loss trends, the rising threat associated with ransomware and the systemic nature of cyber risk generally,” CEO Peter Zaffino said on a conference call with analysts, according to a transcript produced by Refinitiv.
United States now averaging 100,000 new Covid-19 infections a day
The virus is spreading quickly through unvaccinated populations, especially in the Deep South. Florida, Louisiana and Mississippi have had hospitals overrun with patients.
The US first crossed the 100,000 average number in November and peaked at about 250,000 in early January before bottoming out in late June.
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