Reinsurance

French activist fund seeks to remove SCOR CEO from board

International News       Mar 25, 2019

  PARIS: French activist fund CIAM will ask reinsurance company SCOR’s CEO Denis Kessler to surrender the chairmanship of the company’s board after he thwarted a takeover attempt earlier this year.   CIAM, which has just under one percent of SCOR, will ask the reinsurer’s shareholders to...

Air India's renewal prm doubles, pays $ 28 mn to cover its 180 aircraft in 2018-19

Indian News       Mar 22, 2019

  MUMBAI: A host of adverse factors including the recent crash of one of the Ethiopean Airlines aircraft, have put an end to the days of  discounts for the national carrier Air India(AI), whose insurance renewal cost, at around $28 million, has doubled in 2018-19.   The...

Insurers waive terrorism exclusions for Christchurch shooting victims

International News       Mar 20, 2019

  Christchurch:   For damage caused in the Christchurch shootings, local insurers are waiving the terrorism exclusions in their house, car, contents and commercial building policies    According to the media reports, `AA Insurance says it will also review whether to remove the terrorism exclusion clauses from its...

 New appointments within SCOR Global P&C underscore the group’s deep talent pool

International News       Mar 20, 2019

  Paris: SCOR Global P&C, with effective April 1, has announced a set of top level changes its global reinsurance operations.   Michel Blanc is promoted to CEO of Reinsurance, following Jean-Paul Conoscente’s appointment as CEO of SCOR Global P&C with effect from April 1, 20191. Michel...

Berkshire Hathaway’s vice chairmen Jain, Abel each made $18 mn in 2018

International News       Mar 18, 2019

  Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s...

Tougher Asian markets need different approach to risk and insurance driven by data analytics

International News       Mar 18, 2019

  Singapore: Large and complex risks will continue to dominate the Asian commercial insurance market, proving the current business model unsustainable and not fit for purpose, according to Willis Towers Watson’s 2019 Asia Market Report.   “There have been a tighter scrutiny of underwriting practices and withdrawals...

Swiss Re says helped insure Boeing, Ethiopian Airlines

International News       Mar 18, 2019

  ZURICH/ADDIS ABABA/PARIS Reinsurance group Swiss Re helped cover jetmaker Boeing Co and Ethiopian Airlines, the Swiss company said on Monday amid an investigation into what caused an Ethiopian Airlines plane crash that killed 157 people.   “We can confirm that we are part of the insurance...

Hannover Re announces the launch of insurtech initiative

International News       Mar 11, 2019

  Hannover: Hannover Re announces the launch of hr | equarium – an innovation pool exclusive to Hannover Re’s global network of insurance clients which facilitates connections with innovative insurtech partners.     The online platform provides access to a diverse range of solutions spanning the entire value...

China Re launches renewable energy consortium for offshore windfarm risks

International News       Mar 11, 2019

   London: China Re Corporation (“China Re”) today announces the launch of a renewable energy consortium at Lloyd’s, focused on project specific reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s Syndicate 2088 manages and co-leads the consortium along with...

Insurers face large claims after second Boeing 737 MAX crash

International News       Mar 11, 2019

  London: Boeing Co’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.   An Ethiopian Airlines passenger jet bound...

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