World Bank Treasury and Asia-Pacific Economic Cooperation Successfully Conclude First-Ever Catastrophe Bond

Lenore Staats

The World Bank Treasury and the APEC Business Advisory Council (ABAC)/Asia-Pacific Financial Forum co-organized a virtual workshop on catastrophe bonds for the APEC Regional Disaster Risk Financing and Insurance Solutions Working Group, aimed at broadening the understanding and use of the catastrophe bond market in the Asia Pacific Region.

Building economic resilience against shocks is a top priority for the World Bank and the APEC. With most of its members situated along the Pacific Ring of Fire, APEC economies are under constant threat of strong earthquakes, tsunamis, super typhoons, and volcanic eruptions. These disasters put governments under a significant fiscal

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Goji Selects BackBay Communications as Agency of Record

Lenore Staats

GUANGZHOU and WUHAN, China, Oct. 12, 2020 /PRNewswire/ — HUYA Inc. (“Huya”) (NYSE: HUYA) and DouYu International Holdings Limited (“DouYu”) (NASDAQ: DOYU) today announced that they have entered into an Agreement and Plan of Merger, dated October 12, 2020 (the “Merger Agreement”) with Tiger Company Ltd., a newly formed company with limited liability incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of Huya (“Merger Sub”), and, solely for the limited purposes set forth therein, Nectarine Investment Limited (“Tencent“), a wholly owned subsidiary of Tencent Holdings Limited. Pursuant to the Merger Agreement,

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AM Best to Join COVID-19 Litigation Trends Panel at the Re/Insurance Lounge

Lenore Staats

Classified in: Covid-19 virus
Subjects: Product/Service, Webcast

AM Best will join a virtual panel session focused on COVID-19 litigation and threats on Oct. 8, 2020, as part of the Re/Insurance Lounge, a forum for insurance- and reinsurance-related discussions.

Sridhar Manyem, director, industry research and analytics, will join a panel session, titled, “Covid-19 Litigation and Threats.” This session will look at the growing threat of lawsuits in the wake of the COVID-19 pandemic, the issues around policy language, the potential scope of claims and include an overview of the related lawsuits and litigation.

As head of the rating agency’s industry research

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Awards Wrap: Schwarp wins coveted SU award, Kaya FM score YouTube honour, entries open for 6th Pan-African re/insurance awards

Lenore Staats

The Media Online’s weekly column delivering news of award wins, entries, competitions, dates to note and winners in the media industry.

Renaldo Schwarp receives coveted ‘Award for Exceptional Achievement by an SU Alumnus’

Radio and Television presenter, filmmaker and digital media boffin, Renaldo Schwarp (28) has been awarded the 2020 SRC Award for Exceptional Achievement by an SU Alumnus’ at Stellenbosch University’s Rector’s Awards for Excellent Achievement.

The alumnus award honours a member of the alumni community who has
consistently gone above and beyond the call of duty.

Schwarp, who is currently digital lead at Jacaranda FM, graduated with a

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Trean Insurance Group Completes Acquisition of 7710 Insurance Company

Lenore Staats

SAN FRANCISCO and SUZHOU, China, Oct. 9, 2020 /PRNewswire/ — Innovent Biologics, Inc. (Innovent) (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high quality medicines for the treatment of cancer, metabolic, autoimmune and other major diseases, and Eli Lilly and Company (“Lilly”, NYSE: LLY), today jointly announce that HALPRYZA® (rituximab injection), a recombinant human/murine chimeric monoclonal antibody drug co-developed by Innovent and Lilly, has been officially approved by the National Medical Products Administration (NMPA) of China for patients with diffuse large b cell lymphoma (DLBCL), follicular lymphoma (FL), and chronic lymphocytic leukemia (CLL) in China. HALPRYZA®

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American Integrity Insurance Named in Business Insurance’s Annual Best Places to Work in Insurance

Lenore Staats

Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that the Metropolitan Transportation Commission (MTC) has awarded Iteris a $6.9 million contract to provide operational services for two operations centers in the San Francisco Bay Area.

Under the terms of the three-year agreement, which includes an option to extend for an additional four years, Iteris will provide staffing and management services to the 511 Operations Center in Oakland, California that is responsible for collecting, curating and disseminating traffic and transit information for the nine-county Bay Area region. The 511 Operations Center staff disseminate transportation information

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US-based insurance broker NFP embarks on growth plan for Ireland

Lenore Staats

While uncertainty looms large for the economy on both Brexit and Covid-19, it can be a challenge to find some good news in the business community. But one such company, NFP, presents just that, with an ambitious expansion plan for Ireland.

The US-based insurance broker and consultant, recently acquired Dublin firm HMP Insurance & Pensions Advisors, a company established in 2006 that has cultivated a reputation for excellence in corporate pensions consultancy, private wealth management, mortgage and insurance advice. Now successfully rebranded to NFP, the original founders are now at the helm of NFP’s new Ireland office accessing a

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Coronavirus daily news updates, September 24: What to know today about COVID-19 in the Seattle area, Washington state and the world

Lenore Staats

Editor’s note: This is a live account of COVID-19 updates from Thursday, September 24, as the day unfolded. It is no longer being updated. Click here to see all the most recent news about the pandemic, and click here to find additional resources.

United Nations leaders gathering at a virtual summit this week are hoping a coronavirus vaccine will be affordable to all countries, rich and poor, and some say they’re concerned that the U.S., China and Russia have opted out of the collaborative effort.

Meanwhile, President Donald Trump said Wednesday the White House might reject a plan

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Emirates Steel appoints ECI as credit insurance partner – Business

Lenore Staats

Emirates Steel has named Etihad Credit Insurance (ECI) as its credit insurance partner to provide export credit protection to its global exports.

The UAE-based industrial conglomerate has signed an agreement with ECI for a comprehensive trade credit insurance package, to receive protection against commercial risks and easy access to loans from banks, to further increase its funding capacity.

Commenting on the appointment, chief executive officer of ECI, Massimo Falcioni, said: “We are resolved to providing an outstanding level of service in line with Etihad Credit Insurance’s highest standards. ECI’s support to Emirates Steel is a testament to our mission to

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Ugro Capital jumps on receiving corporate agency license from IRDAI

Lenore Staats

Ugro Capital rose 3.19% to Rs 95.50 after the company said it received Corporate Agency license (Composite) from the Insurance Regulatory and Development Authority of India (IRDA) on 25 September 2020.

Under the said license, the company shall be entitled to tie up with life and general insurance companies to distribute their insurance products in line with various directions/guidelines issued by IRDA.

The scrip has surged 28.01% from its 52-week low of Rs 74.60 hit on 24 March 2020. The announcement was made post trading hours on Friday, 25 September 2020.



On a standalone basis,

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UGRO Capital receives Corporate Agency license from IRDA

Lenore Staats

UGRO Capital has received Corporate Agency license (Composite) from
the Insurance Regulatory and Development Authority of India (IRDA) on 25 September 2020.

Under the said license, the Company shall be entitled to tie with life and general insurance companies to distribute their insurance products in line with various directions/guidelines issued by IRDA.

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US-based Insurance Office of America chooses Belfast as key talent source in platform launch

Lenore Staats

New quote-and-buy insurance platform, SimplyIOA
New quote-and-buy insurance platform, SimplyIOA

IOA is a full-service agency that provides property and casualty, employee benefits, and personal lines insurance coverage and risk management solutions.

The IOA team in the new technology centre will be largely responsible for the development of its new quote-and-buy insurance platform, SimplyIOA, the first of its kind in the United States. It will also provide technical expertise and operational support across the IOA enterprise.

SimplyIOA, which is underpinned by data science and machine learning, allows personal insurance consumers not only to compare quotes but also to buy home and auto coverage online in under

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HDFC Life enters into partnership with YES Bank to sell insurance policies

Lenore Staats


HDFC Life on Tuesday said it has entered into a partnership with YES Bank to sell policies to the bank’s customers.


HDFC Life and YES Bank Limited entered into a corporate agency (CA) arrangement, it said in a release.



This CA arrangement will enable customers of YES Bank to avail HDFC Life’s wide range of life insurance products, which include solutions for protection, savings and investment, retirement and critical illness, it added.


“There is a huge potential for insurance coverage across life and health protection, savings and annuity products

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Samoa Tourism Authority appoints Thrive as its PR agency to ramp up local marketing efforts

Lenore Staats

The Samoa Tourism Authority (STA) is ramping up its marketing efforts in Australia and New Zealand, appointing Thrive as its local public relations agency and launching a campaign to drive interest in future international travel to the nation.

Thrive will be supporting the rollout of the integrated campaigns in Australia and New Zealand and fostering long-term tourism growth and investment.

The Samoa Tourism Authority is preparing for international travel

Samoa has not recorded any cases of COVID-19 so far, and whilst being cautious about reopening its borders to international travel, STA CEO Fa’amatuainu Lenatai Suifua, remains optimistic about welcoming Australians

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Abu Dhabi carrier Etihad Airways offers global Covid-19 insurance cover to passengers

Lenore Staats

Abu Dhabi-based carrier Etihad Airways has introduced the Covid-19 global wellness insurance cover, it announced on September 7.

Passengers will be covered for up to EUR150,000 of medical costs and up to EUR100 a day of quarantine costs in case of a positive diagnosis for 14 days.

Part of Etihad Wellness, the airline’s new health and hygiene programme, the insurance cover will span across all guests who are diagnosed with the coronavirus infection during their trip.

All Etihad tickets, regardless of the date on which they have been booked, will include the Covid-19 insurance for those traveling until December 31,

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How You Can Fight Indoor Air Pollution While Saving On Home Insurance

Lenore Staats

Americans are spending more time at home and indoors than ever before due to the ongoing COVID-19 (coronavirus) pandemic. When the pandemic hit, not only did the unemployment rate skyrocket to its worst level since the Great Depression, but those who were able to work remotely started doing so in record numbers. In fact, according to the Bureau of Labor Statistics, a stunning 31% of workers switched to working from home by early April 2020. Schools and universities quickly shut down, sending millions of students home to take classes online. With businesses from hotels to restaurants to gyms shuttering seemingly

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Coronavirus daily news updates, September 14: What to know today about COVID-19 in the Seattle area, Washington state and the world

Lenore Staats

Editor’s note: This is a live account of COVID-19 updates from Monday, Sept. 14, as the day unfolded. It is no longer being updated. Click here to see all the most recent news about the pandemic, and click here to find additional resources.

Throughout Monday, on this page, we’ll post updates on the outbreak and its effects on the Seattle area, the Pacific Northwest and the world. Updates from Sunday are here, and all our coronavirus coverage can be found here.

https://www.seattletimes.com/(Jennifer Luxton / The Seattle Times)

South Carolina’s lieutenant governor contracts COVID-19

COLUMBIA, S.C. — South Carolina

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Agriculture Insurance and Reinsurance Market Will Hit Big Revenues In Future: Swiss Reinsurance, Som

Lenore Staats

Edison, NJ — (SBWIRE) — 09/15/2020 — Covid-19 Impact Update – Global Market Research Industry

A new business intelligence report released by AMA with title Agriculture Insurance and Reinsurance Market Size, Status and Forecast 2019-2025 is designed covering micro level of analysis by manufacturers and key business segments. The Global Agriculture Insurance and Reinsurance Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Swiss

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Top 3 Mind-Blowing News From the World of Artificial Intelligence

Lenore Staats

The technologies from sci-fi movies are already around the corner. International corporations and top-notch ML laboratories work every day to make helpful robots a reality. In this post, we are going to talk about some of the most recent news from the world of robotics. Get ready to be surprised!

Japanese agency started to hire robots instead of humans

MusashiAI is a Japanese startup that provides robots as employees to other companies on a rental basis. If the company needs a new mechanical employee, they can address MusashiAI.

Their idea is that hiring robots is much cheaper than employing humans.

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Agency Management Software Market Analysis, Trends, Growth,

Lenore Staats

Agency Management Software Market

Agency management software helps in customer relationship management and marketing automation, and helps agents build relationships with customers. Agency management software is used by 90% of agencies, whether it is a large enterprise or a small business with one employee. The growing interest in digitization and industrial automation in the production sector is an important driving force for the global agency management software market. Agency management software helps improve energy efficiency, streamline processes, be flexible and reduce administrative costs. It is consumed more often by insurance institutions. These factors also increase demand among businesses.

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