Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, said: “ We are also...
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Reinsurers’ underwriting margins to peak in 2024,says Fitch
Fitch also forecasts an improvement in underlying profitability for...
Amazon closes UK insurance site
"Over the last year we have been evaluating various businesses and...
S.Africa’s Santam to pay $60 mln as BI claims ti virus-hit firms within months:CEO
Regulator the Financial Services Conduct Authority (FSCA) said last week that the main South African insurers involved would offer clients relief payments to help see them through, though some businesses or their law firms raised concerns including about how long it would take to pay out the money.
Germany prepares “action plan” to reform banks, insurers and payment companies post Wirecard scandal
Financial watchdog BaFin, which reports to Scholz’s ministry, was sued by Wirecard investors who say the regulator turned a blind eye to widespread evidence of an accounting scandal.
Guy Carpenter appoints MD of global risk solutions
Piatti will be responsible for originating and driving opportunities to better serve our clients in the customized reinsurance space across Europe and MENA, including structured reinsurance treaties and capital management/solvency-related transactions. As clients look to further optimize their reinsurance programs, Guy Carpenter is continuing to enhance its ability to create such customized products
Prudential partners PAI Health to measure physical activity on digital health app,Pulse
PAI Health services will be available to Pulse users across 11 markets in Asia.
Nic Nicandrou, chief executive of Prudential Corporation Asia, said, “It has never been a more important time than now to help people build health resilience and boost immunity by adopting a more active lifestyle. Through Pulse, we are committed to providing leading technology, content and services to help people live healthier lives. We are excited to add PAI Health’s programme to our platform and provide new actionable heart health insights to users, so we can help them live healthy and well, for longer.”
Global airlines less hopeful on COVID-19 recovery
“The second half of this year will see a slower recovery than we’d hoped,” IATA Chief Economist Brian Pearce said. June passenger numbers were down 86.5% year-on-year, the organisation said, after a 91% contraction in May.
Recovery prospects are weakened by the spread of COVID-19 in the United States and developing countries together representing 40% of global air travel, IATA said.
Toyko,Sydney aim to lure edgy Hong Kong financial firms, but Singapore a top draw
Institutions have not made any major moves from Hong Kong as yet, but they are being circumspect even about discussing contingency plans as the topic is sensitive and many hope to expand in mainland China.
Busan in South Korea is offering tax breaks and rent free offices to financial firms, while Taiwan’s top regulator told Reuters he hoped the island’s rule of law and democratic values would attract business.
The political upheaval in Hong Kong has created an opportunity for Australia and Sydney to become a stronger regional financial centre,” Senator Andrew Bragg wrote to Australia’s Treasurer this month, proposing policy changes.
“Tokyo will, frankly, struggle to steal significant market share from, let alone replace, Hong Kong,” said Steven Tran, a partner at law firm Mayer Brown in Hong Kong, who was previously based in Tokyo for four years.
Second wave of coronavirus in Asia prompts fresh lockdowns
While much of Asia is reimposing lockdowns and other curbs on movement, India continues to ease restrictions despite a relentless rise in infections. India has a total of 1.4 million cases, behind only the United States and Brazil.
Travel bans cannot be indefinite,countries must fight virus at home – WHO
“…It is going to be almost impossible for individual countries to keep their borders shut for the foreseeable future. Economies have to open up, people have to work, trade has to resume,” WHO emergencies programme head Mike Ryan said.
AIR Worldwide releases updated Earthquake Model for Australia
“This model has been developed to meet the wide spectrum of earthquake risk management needs of the insurance industry and we took a careful and thoughtful approach in order to deliver this update,” said Dr. Jayanta Guin, executive vice president and chief research officer, AIR Worldwide.
Second COVID-19 wave forces new travel curbs around the globe
Europe has yet to lift bans on travellers from several countries, including the United States, where premature reopenings have led to record numbers of infections and deaths in many states.