by AIP Online Bureau | Jul 31, 2024 | Health, International News, Life, Reinsurance
Thierry Leger,Chief Executive Officer,SCOR SE The Paris-based reinsurer posted a loss of €308 million ($333 million) in the three months through June, missing analysts’ estimates. The result was driven by a €329 million operational loss in the life and health unit...
by AIP Online Bureau | Jul 31, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
Authorities estimate the average cost of compliance to be A$1 million ($655,550) but some large organizations calculate the total is likely to be above A$3 million, said Jillian Button, head of climate change at law firm Allens Australia’s plans to introduce stringent...
by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Analysis of more than 32,000 industry claims from 2019 – 2024 with a total value of US$15bn (€14bn) shows that collision or crash incidents (63%) and faulty workmanship or defective products (22%) are accountable for 85% of the value. Other incidents like...
by AIP Online Bureau | Jul 31, 2024 | International News, Reinsurance
Anders Malmström from Athora Holdings, a leading European savings and retirement services group will succeed John Dacey as group chief financial officer as of 1 April 2025 Zurich: Swiss Re, the second largest globa reinsurer, announced today that Anders Malmström will...
by AIP Online Bureau | Jul 30, 2024 | Briefs, Health, Non-Life
BajajCapital Insurance announced the launch of its new pet insurance segment, available now on BajajCapitalInsurance.com. With this addition, pet parents can now compare policies for their dogs, Dogs are the most popular pets in India, with 63% of pet owners having at...
