by AIP Online Bureau | Apr 14, 2021 | Intermediaries, International News, Regulation
BRUSSELS: Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday. Aon is...
by AIP Online Bureau | Apr 14, 2021 | International News, Non-Life, Reinsurance
CAIRO: A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’s Japanese owner, one of the vessel’s insurers and canal sources said...
by AIP Online Bureau | Apr 14, 2021 | International News
MILAN: Italy’s biggest insurer Generali is in exclusive talks to buy assets in Malaysia belonging to French rival AXA in a deal worth around 300 million euros ($358 million), two sources said on Tuesday. The Italian insurer, which is already present in Malaysia,...
by AIP Online Bureau | Apr 14, 2021 | Eco/Invest/Demography, International News, Technology
Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday. In a statement seen by...
by AIP Online Bureau | Apr 14, 2021 | Eco/Invest/Demography, Facts, Regulation, Risk Management, Technology
BERLIN: Germany's lead data protection regulator for Facebook said on Tuesday that it was taking action against the social network to prevent the collection of personal data from users of its WhatsApp messaging app. The regulator in the city-state of...
by AIP Online Bureau | Apr 14, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology
San Francisco: Anti-virus software company McAfee on Tuesday said it has observed an average of 648 cyber threats per minute in the fourth quarter of 2020, an increase of 60 threats per minute (10 per cent) over the third quarter, with 3.1 million external...
by AIP Online Bureau | Apr 13, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic
Geneva: Confusion and complacency in addressing Covid-19 means the pandemic is a long way from over, but it can be brought under control in months with proven public health measures, WHO Director-General Tedros Adhanom Ghebreyesus said on Monday. So far some...
by AIP Online Bureau | Apr 13, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic
New Delhi: India’s new coronavirus infections reached a record of 184,372 in the last 24 hours, health ministry data showed on Wednesday, as most of the south Asian nation battles a second surge in cases. The nationwide tally of infections is 13.9...
by AIP Online Bureau | Apr 13, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic
New Delhi: Amid surging coronavirus cases in India, Finance Minister Nirmala Sitharaman on Tuesday made it clear that the government would not go for lockdowns in a big way and only resort to local containment. In a virtual meeting with World Bank Group...
by AIP Online Bureau | Apr 13, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
MUMBAI: Amid surging pandemic cases forcing many states to curb mobility and businesses, a report has said these localised lockdowns in key economic hubs can cost the economy an average of USD 1.25 billion each week and may shave off 140 bps from the Q1 nominal...
