The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power producers earlier this year, according to an emailed statement Tuesday.

SCOR CEO sees double-digit reinsurance rate rises

Nov 25, 2020

“All conditions are met today for rate increases,” he said.

Kessler said the cost of the pandemic was mostly already accounted for in the reinsurer’s previously published loss estimates. If there was a third wave the company would revise its assumptions, he added.

Global coronavirus cases surpass 60 million infections

Nov 25, 2020

An analysis of the Reuters data showed the rate of new infections picking up globally. It took just 17 days to go from 50 million cases to 60 million, compared with the 21 days it took to go from 40 million to 50 million. Around 580,000 cases have been reported each day over the past week and around half of all cases since the start of the pandemic were reported over the past 70 days.

In Europe, 1 million new cases were recorded over just five days, for a total of more than 16 million cases, including 365,000 deaths.

Cost of one dose of the Sputnik V vaccine will be less than $10 for international markets

Nov 25, 2020

The uniqueness of the Russian vaccine lies in the use of two different vectors based on the human adenovirus, which allows for a stronger and longer-term immune response as compared to vaccines using one and same vector for two doses.

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