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Indian
India records highest single-day spike with over 4 lakh new COVID cases
Indian states run out of COVID-19 vaccines, nationwide inoculation delayed
Prominent U.S. disease modeler Chris Murray, from the University of Washington, said the sheer magnitude of infections in India in a short period of time suggests an “escape variant” may be overpowering any prior immunity from natural infections in those populations. “That makes it most likely that it’s B.1.617,” he said. But Murray cautioned that gene sequencing data on the coronavirus in India is sparse and that many cases are also being driven by the UK and South African variants.
No restriction of Covid-19 info,Pvt vaccine manufacturers can’t decide on vaccine allocation to states, says SC
MHA directs states to ensure local containment measures in districts with high Covid caseload
The MHA order shall be effective till May 31.
Social, political, sports, entertainment, academic, cultural, religious, festival related and other gatherings and congregations have been prohibited.
Marriages will be attended by up to 50 people and funerals by up to 20.
Shopping complexes, cinema halls, restaurants, bars, sports complexes, gymnasiums, spas, swimming pools and religious places will remain closed.
International
SCOR completes acquisition of MutRé
GIFT gets major boost as Offshore Insurance Hub
The Indian government has provided competitive tax regime for the IFSC units and thereby units are provided 10 year tax holiday (of which the first 5 years is a complete tax holiday and for next 5 years there’s a tax reduction of 50%), which is applicable for all insurers operating within GIFT IFSC. The move would also help Indian Insurers to set up their offshore office in GIFT SEZ IFSC to undertake dollar business which otherwise was restricted in India.
GIC Re receives “In principle” approval for Lloyd’s Syndicate, will start business by Apr 18
Alice Vaidyan, Chairperson and Managing Director,GIC Re said “The Syndicate formation marks an inflexion point in our corporate history through provision of global business access in collaboration with a globally respected brand and will help us broaden diversification and leverage deployment of capital resources. The Lloyd’s platform will help us access quality international business and provide us with enhanced balance and diversity.”
Global insured Cat losses at $136 billion in 2017, third highest:Swiss Re
-Total economic losses from natural and man-made disasters in 2017 are estimated to be USD 306 billion, up from USD 188 billion in 2016
– Global insured losses from catastrophes in 2017 are estimated· to be USD 136 billion, the third highest on sigma records
– US was hardest hit, including by hurricanes Harvey, Irma and· Maria, which have made 2017 the second costliest hurricane season on sigma records after 2005
-Disaster events claimed more than 11 000 victims in 2017·
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