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Indian
Visakhapatnam port suspends operations due to cyclonic storm Asani
Cyclone Asani, which formed over the southeast Bay of Bengal,...
Jan Suraksha schemes bring insurance, pension within reach of common man: FM
Finance Minister Nirmala Sitharaman Under PMJJBY, a cumulative...
LIC IPO subscribed nearly 3 times; share allocation on May 12
Against 16,20,78,067 shares on offer, 47,83,25,760 bids were...
Rs 7.73 trn crore of investors’ wealth depleted in two days amid market collapse
Foreign institutional investors continued their selling spree,...
International
Zurich Insurance nears $4 billion deal for MetLife unit
Aon develops $70mn in alternative capital capacity to transfer systemic cyber risk
The cover allows for limits of up to USD 70 million and will protect against increasing cyber loss aggregations on re/insurers’ balance sheets. The product is structured to protect the cedent from the effects of catastrophic cyber market losses stemming from events such as self-propagating malware or wiperware, distributed denial of service, a significant cloud outage or certificate revocation.
MPs to buttress post-Brexit Britain as a financial centre
Britain left the EU last January and full access to the bloc under transition arrangements ends on Dec. 31, with 7,500 jobs and assets worth around a trillion pounds having already left the City of London for new EU financial hubs.
The inquiry will build on reforms already outlined by Britain’s finance minister Rishi Sunak last week that include making UK listings rules more attractive, amending insurance capital rules, and a sales tax break worth 800 million pounds on financial exports to the EU.
Pfizer seeking emergency use of its Covid-19 vaccine in US
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