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Aviva sells French business to Macif’s Aéma Groupe for $3.9 billion

by AIP Online Bureau | Feb 23, 2021 | Eco/Invest/Demography, International News, Life

  LONDON : Aviva has agreed the sale of its operations in France for 3.2 billion euros ($3.89 billion) to French insurer Macif’s Aéma Groupe, it said on Tuesday. The London-based insurer, led by boss Amanda Blanc, said that the sale would...

Damage to United Boeing 777 engine consistent with metal fatigue: NTSB

by AIP Online Bureau | Feb 23, 2021 | International News, Risk Management, Technology

  WASHINGTON: U.S. National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said Monday that damage to a fan blade in a Pratt & Whitney engine that failed in a United Airlines Boeing 777-200 is consistent with metal fatigue, according to a...

‘No other option’: Deadly India floods bare conflicts from hydropower boom

by AIP Online Bureau | Feb 23, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Risk Management

  RAINI, Uttarakhand: Growing up in a remote tribal village high in the Indian Himalayas, Kundan Singh loved to play on a field by the sparkling Rishiganga river. The 48-year-old recalls afternoons there competing in sports tournaments, surrounded by forests...

DBS faces lawsuits in India post-takeover of Lakshmi Vilas Bank

by AIP Online Bureau | Feb 23, 2021 | Uncategorized

  DBS Group Holdings Ltd., Southeast Asia’s largest lender, said it’s facing lawsuits in India related to its recent takeover of a struggling local bank. Holders of Lakshmi Vilas Bank Ltd.’s equity shares and Tier-II bonds that were written off...

Uber’s U.K. Court loss spells a reckoning for Gig work in Europe

by AIP Online Bureau | Feb 23, 2021 | Eco/Invest/Demography, International News, Technology

  Uber Technologies Inc.’s defeat in a UK legal battle over the way it treats its drivers is set to trigger a wave of complaints from workers across the region. Britain’s Supreme Court ruled Friday that Uber must treat its drivers as...

Israeli Insurtech reaches $1 Billion Valuation

by AIP Online Bureau | Feb 22, 2021 | Eco/Invest/Demography, Health, International News

  Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1 billion valuation in a financing round led by Insight Partners. Existing investors Jerusalem Venture Partners, Vintage...

About 1,000 finance firms eying Post-Brexit outposts in U.K.

by AIP Online Bureau | Feb 22, 2021 | Eco/Invest/Demography, International News, Regulation

  London: Around 1,000 European Union finance firms are expected to open their first offices in the UK after losing their passporting rights because of Brexit. Roughly two-thirds of the 1,500 money managers, payment firms and insurers that have applied for...

Manmade debris poses threat to space operations:Hiscox

by AIP Online Bureau | Feb 22, 2021 | Eco/Invest/Demography, Health, International News

  London: The growing problem of manmade space debris has to be tackled as it could pose threat  to current and future space operations, said Hiscox, the specialist insurer . NASA reports that the International Space Station has had to maneuver...

UN to rich nations: Don’t undermine Covax vaccination program

by AIP Online Bureau | Feb 22, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  Berlin:  The head of the World Health Organization pleaded with rich countries on Monday to check before ordering additional COVID-19 vaccine shots for themselves whether that undermines efforts to get vaccine shots to poorer nations. Wealthy nations have...

WHO agrees compensation fund for serious COVAX vaccine side effects

by AIP Online Bureau | Feb 22, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  LONDON: The World Health Organization has agreed a no-fault compensation plan for claims of serious side effects in people in 92 poorer countries due to get COVID-19 vaccines via the COVAX sharing scheme, resolving a big concern among recipient governments. The...
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