by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance
The Bank of England and the Financial Conduct Authority laid out plans for a captive insurance regime, according to a statement Tuesday. Captive insurers are entities set up by companies or public institutions that provide their own cover. The UK has proposed rules to...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
In its latest midsummer outlook, the National Climate Centre forecast that as many as six tropical cyclones would hit China this summer, a higher number than average. These storms “are expected to be strong overall” and to affect mainly coastal areas of southern and...
by AIP Online Bureau | Jul 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Technology
“As banks, insurers and financial market infrastructures become increasingly reliant on cloud services, disruption at a major supplier could affect multiple firms at the same time, potentially impacting services customers depend on,” the government said in a statement...
by AIP Online Bureau | Jul 15, 2026 | Indian News, Non-Life, Reinsurance
Sanjeev Mantri, MD & CEO, ICICI Lombard General Insurance The company said the quarter’s combined ratio included the impact of two large fire losses amounting to Rs 63 crore, which added 1 percentage point to the ratio. In addition, a recent Supreme Court...
by AIP Online Bureau | Jul 15, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The Panama Canal is exposed to specific hydrological risk, as reduced rainfall in the Gatún Lake watershed could again lower water levels, leading to draft restrictions and revenue pressure. Fitch Ratings says El Niño poses broad weather-related risks for Latin...
