A full probe by the EU’s executive, the European Commission, would follow a preliminary review due to end on Dec. 21. The Commission declined to comment, as did Aon and Willis. A full-scale EU investigation normally takes about five months.

Airlines warned over safety as jets return from pandemic storage

Dec 15, 2020

Worried by IATA’s data, insurers are questioning airlines about whether they are doing extra pilot training to focus on landings, said Gary Moran, head of Asia aviation at insurance broker Aon PLC.

“They want to know about the circumstances of the training,” he said.

Swiss Re Corporate Solutions to write direct insurance in S. Africa

Dec 15, 2020

Swiss Re Corporate Solutions Africa said it will underwrite some of the largest and most complex risks in South Africa across a broad spectrum of industries. With a focus on mid- and large-sized corporate customers, the company provides commercial insurance services primarily in the property, engineering & construction, energy (operational power including renewable energy & operational mining), casualty, bank trade & infrastructure, surety, and financial & professional liability lines of business.

India is the world’s best market for portfolio disclosure, finds study

Dec 15, 2020

India and US earned top grades for their robust disclosure regimes across six categories including fees, transparency of fund holdings and issues such as conflicts of interest. The report covering 26 markets across North America, Europe, Asia and Africa singled out Australia as a notable laggard.

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