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Australia’s climate risks are making home insurance unaffordable
Median home insurance premiums surged 28% to A$1,894 ($1,240) in...
Ships backed up in Black Sea lanes as Russia warning shots raise tensions
Firing on a merchant vessel will ratchet up already acute concerns...
dacadoo announces global partnership with Swiss Life Global Solutions
dacadoo’s comprehensive digital Health Engagement Platform motivates users to achieve and maintain healthy lifestyle habits. The digital user journey is optimized to engage clients of Health & Life Insurers, and it is delivered through mobile apps and a web app built in responsive design. It combines motivational techniques derived from behavioral science, with functions from online gaming and social networks that involve users in their holistic health – body, mind and lifestyle
India emerges as the fifth biggest geopolitical risk of 2020:Eurasia Group Report
Describing 2020 is a tipping point,the report has said, “We’ve lived with growing levels of geopolitical risk for nearly a decade, but without a true international crisis.Outside of geopolitics, global trends have been strongly favorable. That’s now changing.”
Ukrainian Boeing 737 with 180 aboard crashes in Iran after take-off
Passengers and crew on board the Ukrainian Boeing 737 plane that crashed shortly after take-off from Tehran on Wednesday were killed, Ukrainian President Volodymyr Zelensky said.”According to preliminary data, all passengers and crew members are dead,” he wrote on Facebook of the Ukraine International Airlines plane, which was bound for Kiev.
Pool Re makes terrorism cover more accessible to U.K. businesses
“Pool Re recognizes that different buyers have different profiles, and we need to continuously adapt to their needs,” said Steve Coates, Pool Re CUO. “Widening the definition of SME – who receive business interruption cover at no cost when they buy a physical damage policy – means that we can offer more affordable terrorism cover and as a result, better accessibility to a wider range of companies.”
New safety flaws found in Boeing 737 Max
The emergence of new troubles threatens to extend a crisis that is disrupting the global aviation business. The Max has been grounded since March, after the two crashes killed 346.
Gallagher expands Asian presence with stake in specialist Malaysian broker
As an aviation-centric broker since 1974, SP&G represents a natural and complementary fit with Gallagher’s global aerospace division, which has operations in the UK, US, Canada, Australia, New Zealand and 10 other countries spanning Europe, Latin America and Asia — but, to date, no on-the-ground operation in Malaysia.
Prudential Vietnam and SeABank establish exclusive bancassurance partnership
Prudential Vietnam will also become the preferred life insurance provider to BRG Group Joint Stock Company (“BRG Group”), a leading conglomerate in Vietnam with approximately 10 million customers. The partnership is expected to be effective from April 2020.
Capsicum Re launches aviation reinsurance team
Matt FitzGerald, Managing Partner of the London Property and Specialty division, said: “2019 was a challenging year for the aviation market having suffered from years of declining rates and notable loss activity.However, there were also a number of positive developments: our joint venture partner Gallagher acquired JLT’s global aerospace division, there were a number of new entrants into this class as well as exits and there is an upwards pricing momentum in the aviation market. We are entering this market as we see an opportunity to bring our client focused, holistic entrepreneurial approach to this sector.”
Guy Carpenter appoints Jeff Saper as CEO of Pacific Region
In his new role, Mr. Saper will be responsible for overseeing the company’s Treaty and Facultative activities in the Pacific region and will focus on further developing its growth strategy and strengthening its capabilities. Based in Sydney, Mr. Saper will report to Tony Gallagher, Asia Pacific CEO.
Australian bushfire insurance losses at $431 mn from 6000 insurance claims
Insurers have booked hundreds of hotel and motel rooms and are providing emergency accommodation and financial assistance to many customers. And assessors have been mobilised from all over Australia and New Zealand to help examine properties in fire-affected regions as soon as it’s safe to enter them.