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Indian
Tata in talks with aircraft makers over order for Air India: Sources
Tata had begun preliminary discussions with the planemakers and...
Investors’ wealth jumps over Rs 7.7 trn as Sensex snaps 7-day losing streak
"Global markets including Indian equities witnessed a smart pull...
JPC recommendations fundamentally alter Personal Data Protection Bill structure: IAMAI
It added that the additional requirement, suggested by the JPC,...
IRDAI wants govt to launch parametric catastrophic cover on pilot basis to deepen insurance penetration
India’s mortality protection gap is 83 per cent and 72 per cent...
International
Swiss Re to further streamline the Group’s legal entity structure
As part of the changes, the Group intends to make Swiss Reinsurance Company Ltd (rated AA- by S&P / Aa3 by Moody’s / A+ by AM Best) the sole direct wholly-owned operating subsidiary of Swiss Re Ltd.
The target legal entity structure is expected to be implemented by the end of 2021, subject to receipt of the required regulatory approvals. As a result of these planned changes, Swiss Reinsurance Company Ltd intends to assume the debt of Swiss Re Corporate Solutions Ltd.
Allianz-led consortium in advanced talks to take on Aviva’s French arm – sources
Lloyd’s of London CEO expects appeal over UK business insurance judgment
When asked on a panel at a conference organised by insurance buyers’ association Airmic if he expected an appeal, Neal said “yes”, adding that due to the complexity of disputes over policy wordings, “cases run for a period of time”.
The FCA has said the case could affect more than 60 insurers, 700 different types of policies and 370,000 policyholders, as many policies have similar wordings.Businesses, their lawyers and insurance brokers have urged insurers to pay claims as soon as possible to relieve financial distress.
Global COVID-19 death toll could hit 2 million before vaccine in wide use, WHO says
The number of deaths about nine months since the novel coronavirus was discovered in China is nearing 1 million.
“We are not out of the woods anywhere, we are not out of the woods in Africa,” said Ryan.
He said young people should not be blamed for a recent increase in infections despite growing concerns that they are driving its spread after restrictions and lockdowns were eased around the world.
The WHO is continuing talks with China about its possible involvement in the COVAX financing scheme designed to guarantee fast and equitable access globally to COVID-19 vaccines, a week after the deadline for committing passed.
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