Indian

Ola drives in e-scooter tagged at Rs 99,999 onwards; deliveries to commence in Oct

”Charging station roll out will follow sales rollout, so it will be sales, then charging stations but every city will have at least relevant scale as we begin,” Aggarwal said. Ola had earlier stated that it would like to have 5,000 charging stations across 300 cities and towns across India.
The executive pointed out that the company has received strong demand from about 1,000 towns and cities. ”The EV revolution is here to stay whether incumbents like it or not. Consumers have shifted in their mindsets and before we know it, people will be buying only electric,” he noted.

2 Men who conned pensioners pan India of lakhs held

Kumar also said the arrested duo used to call their targets while impersonating as treasury officer or officer looking for the pension and other allowances that a retired employee is used to get from the department.

International

Peak Re successfully places $ 77mn Lion Rock Re II Sidecar

the confidence shown in Lion Rock Re II really shows that Hong Kong can become a hub for ILS investors. Lion Rock Re II will allow us to continue our drive towards modernising reinsurance and bringing more communities under the umbrella of protection that insurance and reinsurance provides,” said Franz Josef Hahn, Chief Executive Officer of Peak Re.

Natural catastrophes record $52b insured losses & 9,000 deaths in 2019:Munich Re

Torsten Jeworrek, member of the Board of Management, commented, “The severe cyclones in 2019 have highlighted the importance of knowledge about changes in risk. Natural climate variations influence weather catastrophes from year to year. Longer-term climate change effects can already be felt and seen. Buildings and infrastructure must be made more resistant in order to reverse the increasing trend in losses. This will enable insurance to be more effective and support the remaining financial losses.”

 

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