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Indian
PB Fintech shares list with over 17 pc premium
The stock made its debut at Rs 1,150, up 17.34 per cent on both the...
GOVT PLANS PROGRESSIVE STEPS FOR DIGITAL CURRENCIES IN INDIA: REPORT
There have been calls in India to impose stricter rules for...
FPIs remain net sellers in Nov at Rs 949 cr
''It appears that FPIs are exiting on valuation concerns. The...
PM chairs meet on cryptocurrency; concerns raised over money laundering, terror financing risks
''The government is cognizant of the fact that this is an evolving...
International
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.
U.S. coronavirus deaths top 47,000 after near-record increase on previous day
COVID-19 claims so far likely to be manageable; reinsurers de-risking:Willis Re Report
Reinsurers have showed that the systemic shock of COVID-19 is manageable so far, but the future strength of the sector depends on the severity of the pandemic’s continuing impact on health and economies. The industry retains sufficient capital buffer for extreme events, but the extent to which reinsurers can withstand continued asset-side volatility and increased claims emergence remains to be seen.
Reinsurers have started to de-risk their balance sheets by holding cash, which will have a significant impact on investment returns. Willis Re currently estimates a 5% hit to the global reinsurance capital base, roughly US$30 billion pre-tax.
‘Virus will be with us for a long time’, WHO chief warns
“Most countries are still in the early stages of their epidemics and some that were affected early in the pandemic are starting to see a resurgence in cases,” Tedros told Geneva journalists in a virtual briefing.
“Make no mistake we have a long way to go. This virus will be with us for a long time,” he said, while noting that epidemics in Western Europe appear to be stabilising or declining.
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