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Indian
Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital
Anil Ambani, Chairman, Reliance Group The Reliance Capital...
Sitharaman invites Canadian pension funds to invest in infra projects
"FM @nsitharaman complimented Canada for housing some of the...
FM expects India’s digital economy to see ‘exponential rise’ to $800 bn by 2030
"At the same time, the digital economy in India is being pegged at...
Speculative and misinformed: Govt rejects report claiming Covid-19 death toll in India much higher
"Even the backlog in Covid mortality data submitted by the states...
International
China to tighten supervision of country’s booming online insurance business
The rules will also require Internet companies to obtain insurance licenses before involving in the business, according to the draft.”The fast development in the online insurance sector has exposed certain problems,” the CBIRC said, “The rules are to effectively defuse the risks and protect the interest of consumers.”
AXA XL launches Digital Risk Engineer, a connected solution to monitor “buildings and assets”
Available globally, Digital Risk Engineer uses Internet of Things (IoT) devices installed in the clients’ buildings to capture information from connected systems such as energy, water (including sprinklers), heating, ventilation and air conditioning (HVAC).
Jonathan Salter, recently announced Head of Risk Consulting at AXA XL said“This fully digital offering is especially relevant today as we grapple, as a society, with the impacts of COVID-19, and the likelihood that companies will try to limit in-person site visits where possible.”
U.S. pension funds sue Allianz after $4 bln in coronavirus losses
Market panic around the virus that resulted in billions in losses earlier this year scarred many investors, but no other top-tier asset manager is facing such a large number of lawsuits in the United States connected to the turbulence.
In March, Allianz ALVG.DE was forced to shutter two private hedge funds after severe losses, prompting the wave of litigation the company says is “legally and factually flawed”.
Together, the various suits filed in the U.S. Southern District of New York claim investors lost a total of around $4 billion.
‘Take home’ lawsuits over COVID infections could be costly for U.S. employers
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