The message left on the ammunition echoes the phrase “delay, deny,...
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Fitch revises global reinsurance sector outlook to ‘Neutral’
``Given the sector’s abundance of capital, we expect a moderately...
Global insured NatCat losses over $135 billion in 2024 , says Swiss Re
Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says:...
Swiss Re remains positive on global insurance premiums and profitability,expects higher inflation
Jerome Haegeli, group chief economist, Swiss Re Market conditions suggest that positive pricing momentum will continue across all lines and regions. Inflation-driven higher claims development in all lines of business, continued social inflation in the US and...
AXA XL Partners with Cambridge Centre for Risk Studies to Launch Online Disaster Recovery Hub
The Report highlights that the global annual average loss from natural disasters has risen from $27 billion during 1970-80 to nearly $200 billion during 2010-2019, driven mostly by global economic development and the rising value of assets in hazardous areas,...
Pfizer to allow generic versions of its COVID pill in 95 countries
Pfizer, which also makes one of the mostly widely used COVID-19 vaccines, has said the pill cut the chance of hospitalisation or death for adults at risk of severe disease by 89% in its clinical trial. read more The drug will be used in combination with ritonavir, an...
Ninety-Five Percent of Global Insurers Believe Climate Risk is Investment Risk:Blackrock study
BlackRock study shows insurers representing US$27trn in assets are prioritising sustainable investing, diversification to higher-yielding assets and technological transformation, as concerns about climate change intensify LONDON: Insurers are increasingly concerned...
Global wealth surges as China overtakes US as world’s richest nation
As computed by McKinsey, 68% of global net worth is stored in real estate. The balance is held in such things as infrastructure, machinery and equipment and, to a much lesser extent, so-called intangibles like intellectual property and patents.Financial assets are not...
Willis Towers Watson appoints Aon’s Hugo Wegbrans as Global Head of Broking and Broking Strategy
Hugo joins WTW from Aon, where he has most recently been Leader, Global Strategies, for its Commercial Risk Solutions business. Prior to that, he served as Global Chief Broking Officer. He has spent the majority of his 35-year career with Aon. LONDON: Willis Towers...
Tobacco use continues to fall, but still ‘long way to go’.
The number of tobacco users continues to decrease globally, going from 1.32 billion in 2015 to 1.30 billion last year, the World Health Organization (WHO) said on Tuesday. Approximately 38 million children between the ages of 13 and 15 currently use tobacco, 13...
Big four global reinsurers improve earnings despite high nat cat losses:Fitch
Sharply lower non-life claims related to the coronavirus pandemic more than offset high, and above-budget, natural catastrophe losses, Fitch Ratings says. The pandemic had a strong impact on the life and health reinsurance activities of the major reinsurers, which had...
US health agency eases Covid-19 travel advisory for India, Pakistan
In its advisory for India, the State Department urged US citizens not to travel to Jammu and Kashmir due to terrorism and civil unrest, and also within 10 kilometres of the India-Pakistan border due to the potential for armed conflict. "Indian authorities report rape...
Global Covid-19 Caseload Tops 253.8 Million, Deaths Over 5.10 Million
The US continues to be the worst-hit country with the world's highest number of cases and deaths at 47,221,549 and 764,363, according to the CSSE.The second worst hit country in terms of cases is India (34,447,536 infections and 463,655 deaths), followed by Brazil...