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Indian
India needs strong cyber security norms to curb misuse of VPNs
As per the new policy, any service provider, intermediary, data...
Insurance companies should not be too technical while settling claims, says SC
The observation of the top court came while allowing an appeal...
Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgement
Giving its ruling in the Mohit Minerals case, the Supreme Court...
Efforts to improve air quality show positive trends: Bhupender Yadav
Bhupender Yadav,Union Environment Minister National Clean Air...
International
Charles Taylor appoints Bobby Gracey as global head of fraud
Damain Ely, CEO, Charles Taylor Adjusting, said “As Insurers across the world look to control claims costs, the conditions for a greater level of claims fraud can increase, so developing counter fraud capabilities becomes essential. This is the time to support our clients further by developing our counter fraud expertise. Bobby has demonstrated his strong knowledge and experience, making him the obvious choice to lead our global fraud function. We are delighted that he is joining us.”
Fossil fuel production far exceeds climate targets, U.N. says
the 2015 Paris Agreement, requires fossil fuel production decreasing by around 6% per year between 2020 and 2030.
Instead, countries are planning and projecting an average annual increase of 2%, which by 2030 would result in more than double the production consistent with the 1.5C limit, the report said.
Allianz to acquier Westpac Banking Corp’s general insurance business
It will also enter into a new 20-year exclusive agreement for the distribution of general insurance products to Westpac customers in an expansion of its existing bancassurance agreement, which has been in place since 2015.Under the new distribution agreement, along with the existing products of motor, caravan and trailer and travel insurance,
Fairfax sales RiverStone Europe to CVC Capital
“RiverStone Europe is an industry leader in run-off insurance services, and CVC’s scale and vision will give RiverStone Europe, under the continued leadership of Luke and his management team, the opportunity to further grow the business. Nick and Luke are also fully supportive of this transaction, based on their strong beliefs that it was the best way for RiverStone Europe to continue to grow and pursue run-off transactions. We wish Luke and all of the employees at RiverStone Europe much success in the future. Fairfax remains committed to continuing to grow its other European businesses, including its Lloyd’s of London activities,” said Watsa.
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