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New Zealand introduces climate change law for financial firms in world first

by AIP Online Bureau | Apr 13, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said on Tuesday. All banks with total assets of more...

US calls for pause on Johnson & Johnson vaccine after clotting cases

by AIP Online Bureau | Apr 13, 2021 | Eco/Invest/Demography, Health, International News, Pandemic

  U.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson’s COVID-19 vaccine for at least a few days after six women under 50 given the shot developed rare blood clots, dealing a fresh setback to efforts to tackle the...

 Maharashtra imposes 15-day lockdown to slow COVID-19 spread

by AIP Online Bureau | Apr 13, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  MUMBAI: As Maharashtra reels under a severe COVID-19 wave, the MVA government on Tuesday announced over a 15-day-long statewide curfew from April 14, entailing stricter curbs on public activities, to stem the infection spread and flagged a...

Aon launches innovative industry collaboration to protect global COVID-19 vaccine shipments

by AIP Online Bureau | Apr 13, 2021 | Health, Intermediaries, International News, Non-Life, Pandemic

  CHICAGO: Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19...

‘Average’ Atlantic hurricane season to reflect more storms

by AIP Online Bureau | Apr 13, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Beginning with this year’s hurricane season outlooks, NOAA’s (National Oceanic and Atmospheric Administrationa)Climate Prediction Center (CPC) will use 1991-2020 as the new 30-year period of record. The updated averages for the Atlantic hurricane...

Berkshire Hathaway Specialty Insurance Names Idie Si as Head of Accident & Health Insurance, Asia

by AIP Online Bureau | Apr 13, 2021 | International News, Non-Life, Reinsurance

BOSTON & SINGAPORE: Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Idie Si as Head of Accident & Health (A&H) Insurance for the region.“We are pleased to welcome Idie to BHSI. Her in-depth knowledge, vast...

7% growth in global reinsurance capital in 2020, combined ratios improve: Willis Re

by AIP Online Bureau | Apr 13, 2021 | International News, Non-Life, Reinsurance

  London: Total capital dedicated to the global reinsurance industry measured USD 658 billion at year-end 2020 reflecting 7% year-on-year growth. The rise was driven primarily by strong investment market appreciation. New capital raised both by incumbents and new...

Aon, seeking EU nod on $30 billion Willis bid, offers to sell assets

by AIP Online Bureau | Apr 13, 2021 | Intermediaries, International News, Non-Life

  BRUSSELS: Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover target Willis Towers Watson to gain EU antitrust approval for its $30 billion acquisition bid, a person familiar with the matter said on...

India likely to get average monsoon rains in 2021 – Skymet

by AIP Online Bureau | Apr 13, 2021 | Eco/Invest/Demography, Indian News

NEW DELHI: India is likely to get average monsoon rains this year, a private weather forecasting agency said on Tuesday, raising prospects of higher farm and economic growth in Asia’s third-biggest economy. Monsoon rains are expected to be 103% of a long-term...

India, overwhelmed by COVID surge, fast-tracks approval for foreign vaccines

by AIP Online Bureau | Apr 13, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: India is to fast-track emergency approvals for COVID-19 vaccines that have been authorised by Western countries and Japan, paving the way for possible imports of Pfizer, Johnson & Johnson, and Moderna shots. The move, which will drop the need for...
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