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Indian
Varas Brokers of US signs strategic MOU with India’s Salasar Brokers
Ambarish Khaitan, Senior VP Strategy & Reinsurance, said – “We are delighted to announce our new strategic partnership with Varas Brokers, the USA with whom we are targeting to provide our joint expertise and tailored insurance solutions to our clients in this challenging market. We look forward to this collaboration and aim to work together, not just technically but also culturally, to reach a common goal in creating a top-notch solution”
Climate change and cyber risk top the list of concerns in AXA Future Risks Report 2021
“Climate change returned to the top of the experts’ risk ranking in the 2021 survey, having been displaced by pandemic risk in 2020.The survey revealed regional differences: climate concern is higher in Europe than anywhere else, among both experts and the general public. Meanwhile, experts in Africa and the Americas were most pessimistic about their national governments’ preparedness to tackle this risk,” said AXA.
Cyclone damages Indian crops just before harvesting
“Within a week the cotton production outlook changed. We were expecting higher yields, but now yields will go down and even the quality of harvested crop would be inferior at the beginning,” Chirag Patel, chief executive at Jaydeep Cotton Fibers Pvt Ltd, a leading exporter. said.
Farmers have expanded areas under soybean, but rainfall is limiting the rise in production, said Davish Jain, chairman of the Soybean Processors Association of India.
Cabinet approves listing of ECGC, capital inusion of Rs 4,400 cr
International
Developing economies could see sharper recession in 2020, World Bank warns
“Even if three months of mitigation measures prove effective in halting the pandemic, investors and households could remain skittish or local or global supply chains may not be restored,” wrote Ceyla Pazarbasioglu, vice president for equitable growth, and Ayhan Kose, director of the development prospects group.
Monte Carlo Reinsurance Rendez-Vous de Septembre Canceled due to Coronavirus Crisis
Apr1 renewals:57% of SCOR’s €504 mn portfolio from Asia Pacific,6.6% overall price increase
Vivek Nath to head Willis Towers Watson’s South & Southeast Asia operations
Scott Burnett, Head of Asia and Head of CRB Asia, said: “The South Asian countries including Singapore continue to be key markets in our Asia portfolio, and one where we hold significant opportunities for strategic growth. At the same time, we continue to grow our regional talent base and expertise by adding new leaders throughout our organisation in Asia.
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