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Indian
Max Life AUM crosses Rs 1 lakh crore, grows 6 times in over a decade
New Delhi, Sept 30: Max Life Insurance, one of the top 5...
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.
International
China’s Wuhan lockdown ends, but another begins as local coronavirus cases rise
Peak Re to acquire Bermuda based ILS asset manager Lutece
China sees slight rise in new coronavirus infections as imported cases jump
China reported 63 new cases on Wednesday, up from 62 a day earlier, the National Health Commission said.Of those, 61 involved travellers arriving from overseas, the health authority said on Thursday, the most since March 25.That brings the total number of confirmed cases in mainland China to 81,865.
India allows limited exports of anti-malaria drug after Trump warns of retaliation
Use of hydroxychloroquine has soared as the United States has quickly become the epicentre of the pandemic, though doctors prescribing it have no idea whether it works.
U.S. fatalities from COVID-19, the respiratory disease caused by the virus, hit 10,902 on Monday, rapidly closing in on Italy and Spain, the countries with the greatest loss of life to date, according to a Reuters tally of official data.
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