Indian

Standard Life’s stake in HDFC Life to come down to 3.89 pc

Jun 30, 2021

The number of shares offloaded by Standard Life represented approximately 4.99 per cent of the total issued and paid-up equity capital of HDFC Life.
As per BSE bulk deal data, the shares sold were worth over Rs 6,783 crore.

COVID-19 in children often asymptomatic, 2pc-3 pc infected kids may require hospitalisation: VK Paul

Jun 30, 2021

Dr Randeep Guleria, Director of All India Institute of Medical Sciences (AIIMS) New Delhi has said that there is no data, either from India or globally, to show that children will be seriously infected in subsequent waves.

Devas joins Cairn Energy in trying to seize Air India’s overseas assets

Jun 29, 2021

Calling the flagship airline an “alter ego” of the Indian state and therefore liable for the sovereign’s debts, Devas filed a petition in New York asking Air India to pay the amount or forfeit its U.S. property including planes, cargo handling equipment and artwork.

17 pc dip in average fresh COVID-19 cases since 2nd Corona wave peak in May, says Union Health Ministry

Jun 29, 2021

The Union Health Ministry further added that a total of 51 Delta plus variant cases reported in India. In regard to the Moderna COVID-19 vaccine, Dr VK Paul, Member-Health of Niti Aayog said, “New drug permission has been granted to Moderna, the first internationally developed vaccine. This new drug permission is for restricted use.”

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International

Brexit boom lifts Luxembourg insurance sector

May 7, 2019

Premiums in the non-life sector, including domestic business, jumped by 218 percent year on year thanks largely to the licensing of firms establishing bases in Luxembourg after the United Kingdom’s decision to leave the European Union, Luxembourg’s CAA said.

SCOR to implement an alternative natural catastrophe reinsurance scheme in France

May 7, 2019

Paris: SCOR notes the decision of the General Court of...

Hannover Re’s Apr 1 treaty renewals increased by 6.6 %

May 7, 2019

The reinsurer’s gross premium showed a significant growth by rising by 19.2 per cent at 31 March 2019 to EUR 6.4 billion (EUR 5.3 billion). Adjusted for exchange rate effects, growth would have reached 16.1%. The retention decreased to 90.4% (91.3%). Net premium earned climbed by 15.3% to EUR 4.6 billion (EUR 4.0 billion). At constant exchange rates growth of 12.7% would have been booked.

More than $1.1 billion raised through ILS in Q1 , market slows further

May 7, 2019

Another innovation was the first-ever issue of a £75 million bond dedicated to terrorism reinsurance. Weighted average last-12-month risk premium for non-US wind-exposed bonds jumped 2.2 points to 6.5% in Q1 2019, while for US wind-exposed instruments it rose 0.3 points to 6.1%. Seasonality has contributed to market heaviness, whilst loss-affected bonds continued to be marked lower.

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