"The quake's epicentre was at a depth of 30 km in the Hyuganada...
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Moody’s to acquire CAPE Analytics, adds AI-powered geospatial property risk intelligence to its insurance risk models
“By combining our CAT risk models with CAPE’s AI-powered property...
Miller continues Asia expansion, enters Korean market
Ron Whyte, Head of Asia at Miller, commented: “Today’s announcement...
Munich Re announces withdrawal from Russian business
“Existing contracts in Russia and Belarus will not be renewed,” the Munich-based company said on its website Wednesday. The same applies to Munich Re's investments in the region Exceptions will only be made if ending business “would negatively affect persons or...
Lloyd’s of London fines Atrium Underwriters over $1 mln for ‘Boys’ Night Out’ bullying
Lloyd's said in its "notice of censure" that Atrium failed to take adequate steps to deal with an employee's "systematic campaign of bullying against a junior employee over a number of years" and failed to notify Lloyd's of the case LONDON: Lloyd's of London has fined...
MS Amlin expands in Asia Pacific with double hires
Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, commented: “We are committed to growing our presence in the Asian market by investing in talented individuals London: MS Amlin Underwriting Limited (MS AUL), the Lloyd’s global (re)insurer, today announces the appointments...
China asks state insurers to review exposure to Russia, Ukraine
The development underscores Beijing’s efforts behind the scenes to minimize risk to its own institutions even as it continues to maintain strong trade ties with Russia in the face of crippling sanctions imposed by the West on that country Beijing: China has told top...
WHO says rise in COVID cases is the tip of the iceberg
New infections jumped by 8% globally last week, compared to the previous week. "Surges are to be expected particularly in areas where measures to prevent transmission have been lifted. However, there are unacceptably high levels of mortality in many countries," WHO...
TNEDICCA raises $1.75 million to reduce traffic accident risk through improved insurance coverage, better data and analytics
TNEDICCA identifies accident hotspots, enabling consumers and insurance companies to manage their risk accordingly. The company has built the most comprehensive accident location database with more than 30 million crashes covering 91% of the U.S. auto insurance market...
Global nonlife insurers leverage innovation for financial strength: AM Best
The report notes that innovative companies may need to make a trade-off between higher expense ratios in the short run for lower and more-sustainable combined ratios in the long run OLDWICK, N.J: Five-year benchmarking analysis of AM Best-rated nonlife companies’...
Lloyd’s of London says Russia, Belarus represent less than 1% of business
"We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – to help deliver an effective sanctions regime against Russian assets," Lloyd's said in a statement on its website dated March 14 LONDON: Russia...
SCOR Investment Partners launches an ESG focused debt fund
SCOR Infrastructure Loans IV, available to institutional investors, has secured an investment commitment of EUR 150 million from SCOR, the company’s anchor investor, and has a target fund size of between EUR 750 million and EUR 1 billion. Paris: SCOR Investment...
Chinese virus cases climb, raise threat of trade disruption
The restrictions have wider potential ramifications, coming at a time when the global economy is under pressure from Russia's war on Ukraine, surging oil prices and weak consumer demand. "We can think of no risk to the global economy, excluding nuclear warfare, that...