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Singapore ILS grant scheme extended until end-2022

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The Monetary Authority of Singapore (MAS) has announced that it will extend its insurance-linked securities (ILS) grant scheme until the end of 2022.

The move was announced by Benny Chey, assistant managing director (development and international) at a virtual conference organised by Artemis. The idea is to raise Singapore’s profile as a reinsurance hub and attract more catastrophe bond issuers to the market. Chey also mentioned a desire to expand its range of ILS products beyond cat bonds.

The ILS grant scheme, which was launched in early 2018, will fund the entirety of the upfront costs involved in issuing

Insurance

Aon outlines plan to pay out quarterly dividend in August

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London-headquartered insurance broking giant Aon Plc, which in recent weeks reiterated its job security commitment to Aon’s 50,000-strong global roster amid the coronavirus pandemic, has good news for its shareholders.

“The board of directors has declared a quarterly cash dividend of US$0.44 per share on outstanding Class A ordinary shares,” announced the Irish-domiciled group over the weekend. “The dividend is payable August 14, 2020 to shareholders of record on August 03, 2020.”

Other major events for Aon, meanwhile, will also take place in August. Last week, shareholders of Aon and fellow behemoth Willis Towers Watson (WTW) were invited to crucial

Financial

Dow futures rise 100 points as investors shake off a continued spike in coronavirus cases

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A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020.

Michael Nagle | Bloomberg | Getty Images

Stock futures rose in overnight trading on Sunday as investors looked past a record spike in coronavirus cases in Florida.

Futures on the Dow Jones Industrial Average gained about 130 points, pointing to a 160-point gain at Monday’s open. The S&P 500 futures and the Nasdaq 100 futures rose 0.5% and 0.4%, respectively.

Florida reported 15,299 new coronavirus cases on Sunday, the highest single day total for any U.S. state since the

Business News

HBO Max to develop TV spinoff to Matt Reeves’ ‘The Batman’

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Still from “The Batman,” an upcoming superhero film from Warner Bros.

Warner Bros.

Matt Reeves’ take on the Dark Knight won’t arrive in theaters until 2021, but that’s not stopping HBO Max from committing to giving the film its own expanded universe.

On Friday, the streaming service owned by AT&T announced that it had given a series commitment to a DC drama set in the Gotham City Police Department. Reeves, who is helming the film “The Batman,” is working alongside Terence Winter (“Boardwalk Empire), “The Batman” producer Dylan Clark and Warner Bros. Television.

The show is set to explore corruption

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