Futures little changed after Dow posts best day since July on stimulus optimism

spike

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020.

Bryan R. Smith | Reuters

U.S. stock index futures were little changed in overnight trading after the Dow posted its best day in months as investors await updates on the ongoing fiscal stimulus discussions.

The major averages rose sharply on Wednesday after President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hopes that a smaller aid package could be passed by lawmakers.

The Dow Jones Industrial Average gained 530.7 points, or 1.9%, for its best day

Read More

SCOR Reinsurance APAC adds Hitesh Shah to board

spike

SCOR Reinsurance Asia-Pacific (SRAP) has appointed Hitesh Shah (pictured) as independent non-executive director.

According to a statement by SRAP, Shah will join current independent non-executive directors Eric Raynaud and Andre Chieng on the board, and he will chair the audit and risk committee. Shah is currently a council/board member at the Singapore Actuarial Society, managing director of consulting and advisory firm Shah Advisory, and director of Singapore education charity Akaraka.

Over the past 25 years, Shah has held managerial roles at AXA’s Asian businesses, consulted with clients across Asia while a partner at Deloitte, and led the marketing, product, and

Read More

NTUC Income links up with Revolut for lifestyle partnership

spike

Singaporean insurer NTUC Income has partnered with international financial platform Revolut to incorporate lifestyle-based insurance offerings on the latter’s mobile app.

According to a statement from the companies, a key aspect of the collaboration will be the embedding of Income’s micro-insurance platform, known as Snack, into Revolut’s Savings Vault feature. This will allow customers to purchase insurance coverage on Snack through bite-sized premiums of SG$0.30, SG$0.50 and SG$0.70, linked to daily lifestyle activities such as dining, taking public transport, using their Revolut Visa debit card, as well as clocking steps on Fitbit. Products such as term life, critical illness, and

Read More

Aon exhibits ‘largest of its kind’ insurance policy

spike

“Markel is proud to have worked with Aon in crafting a unique solution, and looks forward to building this new market with Aon in the future,” said Jim Gray, executive underwriting officer of professional liability at Markel Specialty.

The IP-backed lending transaction marks Aon’s rollout of its intellectual property capital market solution, which features the broker’s proprietary IP valuation tools. 

Jim Young, chief financial officer at Indigo – which, through the structure, was able to raise additional funds while avoiding equity dilution – commented: “As an innovative company using microbial and digital technologies to facilitate positive transformation of the agriculture

Read More