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Indian
Youth getting slightly more affected in COVID second wave as they might have begun going out: ICMR
BBB selects five to be directors at PSU general insurance companies
Satyajit Tripathi jas been recommended for the post of GM & Director of New India Assurance Company while Y.K. Shimray has been chosen as the GM & Director in United India Insurance Company,.
Sophia Singh has been named as the GM & Director of GIC Re. Similarly, both Arti Mathur and Nagalakshmi D have been recommended for two posts of GM & Director in Oriental Insurance Company
India’s brutal COVID wave brings tragic scenes to small town hospital
Medical oxygen has become a major concern with top hospitals in Delhi and other major cities issuing SOS calls that they were running out of supplies of the life saving gas because of the crush of patients.
The government is now trying to arrange supplies from abroad and from local industry. While the situation in Delhi has improved, smaller towns like Bijnor are struggling.
India might see ‘serious livelihood crisis’, says economist Jean Dreze
“The economic consequences of local lockdowns may not be as destructive as those of a national lockdown. But in some respects, things are worse this time for the working class,” he opined.
“Compared with last year, many people have depleted savings and larger debts. Those who borrowed their way through last year’s crisis may not be able to do it again this time,” he observed.
International
AIG shareholders approve $43 million pay package for CEO
AIG shareholders set to vote on pay package for new CEO
The company’s pay arrangements include $24.2 million for former CEO Peter Hancock, who stepped down last year under pressure, with a $5 million cash award “for his service through the transition” to Duperreault, according to the company’s annual proxy filing to the U.S. Securities and Exchange Commission in March.
Prudential and PIC reach sixth longevity reinsurance agreement amid surging demand for pension de-risking
This agreement signals strong demand for longevity reinsurance in the U.K., especially as a result of the growing desire among companies to de-risk their pensions. This desire has become more achievable due to the improved funding levels of U.K. schemes, many of which have spent several years progressively de-risking their liabilities.
Swiss Re CFO says SoftBank talks still on but no clear sign of deal
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