by AIP Online Bureau | Nov 23, 2020 | International News, Non-Life, Risk Management
Stockholm: A 230-meter (755 feet) tall wind turbine in Arctic Sweden came crashing down on the snow during the weekend as high winds swept across the region, officials said Monday. No one was injured. The white tower, blades and turbine, built by Denmark-based...
by AIP Online Bureau | Nov 23, 2020 | International News, Non-Life, Reinsurance
HAMILTON, Bermuda: Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to underwrite on behalf of Ada Re, a new Bermudian special purpose insurer. Ada Re has successfully secured...
by AIP Online Bureau | Nov 23, 2020 | Intermediaries, International News, Non-Life, Risk Management, Technology
London: Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder. Safeonline offers a range of product lines including cyber and tech,...
by AIP Online Bureau | Nov 23, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
London: British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be better to walk away from a bad trade deal than tie Britain’s hands in the future. Sunak, one of the few members...
by AIP Online Bureau | Nov 23, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
LONDON: Newly formed Lloyd’s of London insurer Inigo said on Monday it had raised $800 million from a group of investors including Qatar Investment Authority and Canada’s Caisse de dépôt et placement du Québec. Inigo is founded...
by AIP Online Bureau | Nov 23, 2020 | Eco/Invest/Demography, International News, Policy, Technology
The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued like one. While Ping An’s Lufax...
by AIP Online Bureau | Nov 23, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy
WASHINGTON: President-elect Joe Biden named former Secretary of State John Kerry as special climate envoy, his transition team said on Monday, a sign that Biden is putting the issue at the center of his foreign policy.Kerry, whose appointment does not...
by AIP Online Bureau | Nov 23, 2020 | Eco/Invest/Demography, International News
The trio of coronavirus vaccines racing toward approval may reach the masses too late to prevent another round of airline failures. With last week’s insolvency filing at Norwegian Air Shuttle ASA, some 42 airlines worldwide have failed or entered...
by AIP Online Bureau | Nov 23, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Technology
New Delhi: The government is planning to set up at least one e-charging kiosk at around 69,000 petrol pumps across the country with an aim to accelerate the uptake of electric vehicles, Union minister Nitin Gadkari said on Monday. The Road Transport and...
by AIP Online Bureau | Nov 23, 2020 | Eco/Invest/Demography, International News, Workplace/Employee Benefits
Dubai: The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported Monday, in the country''s latest bid to boost its global status and attract foreign investors. The overhaul signals yet...
