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South African Sanlam’s subsidiary Santam plans Asian expansion

by AIP Online Bureau | Aug 30, 2024 | International News, Non-Life, Reinsurance

We are looking at Asia and the Middle East from a reinsurance perspective. Our expertise and understanding works well in emerging markets, and we also find that those are also growth markets and so we want to tap into some of that growth,”,” Tavaziva Madzinga,chief...

Climate change intensified Typhoon Shanshan, says study

by AIP Online Bureau | Aug 30, 2024 | Workplace/Employee Benefits

Shanshan, which made landfall on Thursday morning on the southern island of Kyushu, was called a “rare typhoon” by the Japanese weather agency. But the study’s authors warned that such events may not be so unusual in future, likely occurring nearly six times in a...

Agile launches New Zealand operation to support Lloyd’s syndicate

by AIP Online Bureau | Aug 30, 2024 | International News, Non-Life, Reinsurance

The establishment of a New Zealand entity solidifies Agile’s position at the forefront of Lloyd’s business in the Pacific region and paves the way for other geographic expansion. Sydney: Agile Underwriting Services has established a presence in New Zealand, the first...
Sunk superyacht likely to cost insurers at least $150 million, experts say

Sunk superyacht likely to cost insurers at least $150 million, experts say

by AIP Online Bureau | Aug 30, 2024 | International News, Non-Life, Reinsurance

The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said. The P&I policy would likely be “several multiples” of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover...
Financing Climate Risks: Testing New Approaches

Financing Climate Risks: Testing New Approaches

by AIP Online Bureau | Aug 30, 2024 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy, Regulation

“Emerging market and developing economies face substantial financing gaps in low-carbon, climate-resilient investments. We need to step up climate action and crowd in private investment for countries most in need,” said Axel van Trotsenburg, World Bank Senior Managing...
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