by AIP Online Bureau | May 13, 2020 | International News, Non-Life, Reinsurance
French insurer Covéa has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy’s Agnelli family, saying it could no longer buy under the terms of their agreement. The...
by AIP Online Bureau | May 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
California: US based Gilead Sciences Inc said on Tuesday it has signed non-exclusive licensing pacts with five generic drugmakers based in India and Pakistan to expand the supply of its experimental COVID-19 treatment remdesivir. The countries...
by AIP Online Bureau | May 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won’t be seen until the second half of 2021 as a result of the effects of the...
by AIP Online Bureau | May 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: in a bid to rejuvenate the Indian economy, ravaged by Covid-19 Pandemic lockdown, Prime Minister Narendra Modi announced a special economic package, and said the recent decisions by the government, the decisions by the Reserve Bank of India...
by AIP Online Bureau | May 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life
New Delhi: The Civil Aviation Ministry has come out with a draft Standard Operating Procedure (SOP) for restarting commercial passenger services in the country, which remain suspended since March 25 in the wake of the lockdown to curb spreading of coronavirus...
by AIP Online Bureau | May 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life
United Nations: International tourism could decline by 60-80 per cent in 2020 due to the COVID-19 pandemic, resulting in the revenue loss of USD 910 billion to USD 1.2 trillion and placing millions of livelihoods at risk, the World Tourism Organization (UNWTO)...
by AIP Online Bureau | May 12, 2020 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance
London: The world’s top 100 most valuable insurance brands, except Chinese giant Ping An, could lose faces a potential 20 per cent loss in brand value amounting to as much as $100bn (£81bn) in brand value as a result of the Covid-19 crisis,...
by AIP Online Bureau | May 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
NEW YORK: Global average commercial insurance prices increased 14% in the first quarter, driven in part by rises in property insurance rates, insurance broker Marsh said in a report released Monday. The change marks the highest year-over-year increase...
by AIP Online Bureau | May 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: Prime Minister Narendra Modi, who had a 6-hour video conference with chief ministers (CMs),would address the nation at 8 PM today. Even as some CMs want the existing lockdown to continue, in the meeting , Modi promised...
by AIP Online Bureau | May 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its own. Countries have introduced lockdowns...
