For the first time, insured losses from SCS in the U.S. surpassed...
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Evergreen line declares force majeure on Israel shipment -customer note
War risk insurance rates have soared more than tenfold in recent...
Global economy exposed to $3.5 trillion from major cyber attack: Lloyd’s
“The global interconnectedness of cyber means it is too substantial...
AXA XL appoints Xavier Veyry as CEO Asia & Europe
Veyry is currently Country CEO of AXA China and Chairman of AXA Tianping in China and AXA General Insurance in Korea. Over the span of his 24-year career at AXA, . Veyry has held several CEO and leadership positions around the world and has lived and worked in 12 countries across the Middle East, Asia and Europe.He will step down from his role as CEO of AXA China later this year to lead AXA XL’s Asia & Europe business from Dublin, Ireland.
Restrictions, lckdowns substantially slowed the Pandemic,may have helped prevent half a billion Covid cases in 6 countries,research says
The first peer-reviewed analysis of the impact of health policies suggests that the toll would have been vastly worse without lockdowns, social distancing, travel restrictions and other interventions.
Asian companies at higher risk of default this year: data
“We expected the pick-up in default rates to be mostly amongst smaller companies who already had a stretched liquidity profile and less access to alternative funding channels,” said Alaa Bushehri, head of emerging market debt at BNP Paribas Asset Management.
PartnerRe’s Clarke is chairman of Global Reinsurance Forum
The Global Reinsurance Forum (GRF) has appointed Emmanuel Clarke, president and CEO of PartnerRe for a two-year term. He succeeds Kevin J. O’Donnell, CEO of RenaissanceRe, who became chairman in 2018. Jean-Jacques Henchoz, CEO Hannover Re, was...
Munich Re’s ERGO to acquire 24.9% stake in Chinese P/C Insurer
China has been one of the insurer’s most important strategic markets for about 15 years, said ERGO noting that it founded its Chinese travel insurance and health service company in 2005 and in 2013 formed ERGO China Life, its life insurance joint venture with the state-owned company Shandong Asset Investment Holdings Co. Ltd. In 2019, ERGO launched the regional headquarters of ERGO China.
Coronavirus Situation “Worsening” Worldwide: WHO
After East Asia, Europe became the epicentre of the disease, but has now been overtaken by the Americas.
“Although the situation in Europe is improving, globally it is worsening,” WHO chief Tedros Adhanom Ghebreyesus told a virtual news conference in Geneva.
Global coronavirus cases near 7 million,death toll nearing 4,00,000
The number of deaths linked to COVID-19 in just five months is now equal to the number of people who die annually from malaria, one of the world’s most deadly infectious diseases.
China publishes white paper on outbreak of Covid-19 Pandemic
In the white paper, the Chinese government said the medical cost of all the coronavirus patients in China totalled 1.35 billion yuan ($191 million) as of the end of May.
BA, Ryanair, easyJet protest over ‘wholly unjustified’ UK quarantine plan
With planes around the world grounded since late March, airlines had hoped to start flying from July, but bosses say quarantine measures will hamper that recovery.
From June 8, almost everyone arriving in Britain will be required to self-isolate for 14 days and to fill in a contact form with details of their accommodation.
Describing itself as a “pre-action protocol letter,” meaning it could be followed by legal action, the letter from British Airways, Ryanair and easyJet said the government had failed to justify the blanket nature of the regulations.
COVID-19 epidemics in India, South Asia growing but not exploding – WHO
“In South Asia, not just in India, but in Bangladesh and… Pakistan and other countries of South Asia with large dense populations, the disease has not exploded, but there is always the risk of that happening,” Dr. Mike Ryan, WHO’s top emergency expert, told a news conference.
Soumya Swaminathan, WHO’s chief scientist, noting India has a population of 1.3 billion, said that the 200,000 reported cases, “look big but for a country of this size it’s still modest”.