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New global lab network will compare COVID-19 vaccines head-to-head

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  LONDON: A major non-profit health emergencies group has set up a global laboratory network to assess data from potential COVID-19 vaccines, allowing scientists and drugmakers to compare them and speed up selection of the most effective shots. Speaking to...

Scientists identify unique patterns in COVID-19 transmission in India

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic

  New Delhi: Researchers, including those from the Government of Tamil Nadu, and Andhra Pradesh, have conducted one of the largest analysis of COVID-19 epidemiology to date, and have found that both cases and deaths due to the disease have been more heavily...

COVID-19 vaccine rollout unlikely before fall 2021, experts say

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  An effective vaccine is not likely to be available for the general public before the fall of 2021, according to experts working in the field of vaccine development. Researchers at McGill University in Canada carried out a survey of 28 experts working in...

Marsh India completes acquisition of JLT Independent

by AIP Online Bureau | Oct 2, 2020 | Indian News, Intermediaries

  Mumbai: Marsh India on Thursday said it has completed the acquisition of JLT Independent Insurance Broking. The parties had earlier secured regulatory approvals for the transaction and follows the acquisition of the JLT Group by Marsh & McLennan Companies...

White Mountains to acquire majority stake in Lloyd’s insurer Ark

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

HAMILTON:  White Mountains Insurance Group, Ltd. announced today that it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd, the ultimate parent company of Ark Syndicate Management...

I Like What I See’: FAA chief flies 737 Max, but not ready to recertify plane

by AIP Online Bureau | Oct 2, 2020 | Uncategorized

  Federal Aviation Administration (FAA) Chief Steve Dickson conducted a nearly two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a milestone for the jet to win approval to resume flying after two fatal crashes. Dickson, a former...

Over 7,500 finance jobs have left UK for Europe

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, International News

  London: More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said on Thursday. Banks, insurers and asset managers have opened new or...

UK regulator, insurers, brace for Supreme Court battle over COVID-19 case

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance

LONDON:  Britain’s markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to small businesses battered by the coronavirus pandemic, dashing 11th-hour hopes that a Supreme Court appeal could be avoided. The...

France urges parts review after Airbus A380 engine blowout

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

PARIS: French investigators have called for a review of the design and maintenance of titanium alloy engine parts to ensure they guard against the risks of metal fatigue following an engine blowout on an Airbus A380 exactly three years ago. France’s BEA agency...

France needs new pandemic business insurance law – minister

by AIP Online Bureau | Oct 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Regulation, Reinsurance, Risk Management

PARIS:  France will need a law requiring insurers to offer businesses coverage for losses linked to future pandemics, French Finance Minister Bruno Le Maire said on Thursday. “The state is not going to pick up the tab for businesses’ operating losses...
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