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Indian
Gallagher Re acquires treaty reinsurance broking business of WTW India Insurance Brokers
Vinod Krishnan has been appointed to lead the Gallagher Re business...
India faces high power cut risks after years of coal, hydropower neglect
While Indians looking to beat the heat this summer will want steady...
Major fire at Puri shopping complex, over 100 people rescued
Puri MLA Jayant Sarangi of the BJP claimed that the district...
Sebi extends timeline until March 15 for comments on ESG rating norms
This came in the wake of growing recognition of the significant...
International
G20 recognizes carbon pricing as climate change tool for first time
“It is the first time in a G20 communique you could have these two words ‘carbon pricing’ being introduced as a solution for the fight against climate change,” French Finance Minister Bruno Le Maire told reporters. “We have been pushing very hard to have these two words … introduced into a G20 communique.”
Amazon’s online store down for many users globally
Its online store showed error messages on several regional domains. Reuters could not access product listing on its domains including, the United States, India, Canada, the United Kingdom, France and Singapore.More than 37,00 user reports had indicated issues with Amazon’s online store site, while about 280 users reported problems with the Amazon Web Services, according to Downdetector.
Miller &Guy Carpenter announce new appointments
Seema brings over 16 years of industry experience to Miller, joining from Mar Risk Services where she most recently led its marine team and held a position on the Board.
Guy Carpenter, LLC, a leading global risk and reinsurance specialist and a business of Marsh McLennan, announced the appointments of Matt Petka as Managing Director and Riley Underwood as Senior Vice President within its GC Access business unit, with immediate effect.
Insurers face $4.5 billion+ damage bill from costliest severe storm period on record in Europe, Aon Catastrophe Report
Total aggregated insurance impacts from the SCS outbreaks between June 17 and 30 constitute the costliest stretch of severe weather in European history and fifth costliest globally, with combined losses preliminarily estimated by the national insurance sectors at $4.5 billion, surpassing the previous European record of $4.3 billion set by storm Andreas in 2013. Insurers in Austria, Switzerland and the Czech Republic recorded their costliest stretches of severe weather on record, while Germany experienced the second costliest.
Report also highlights devastating impact of record-setting heatwaves in U.S. and Canada
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