Allied Chief Executive Steve Jones told Reuters that while much of...
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China relaxes rules for insurers to invest in stock markets
In addition, the watchdog reduced the risk weighting it assigns to...
Howden Tiger and Conning release research on the rise of asset-light insurance structures
David Flandro, Head of Industry Analysis and Strategic Advisory,...
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.
Daimler recalls 744,000 US Mercedes-Benz 2001-2011 cars for faulty sunroofs
Last month, Mercedes-Benz USA agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.
Pak military recruits youth for cyber propaganda war on India
The youths have been given a detailed list of social media handles of influential Indians and have been asked to set a different narrative about Indian leaders, soldiers and bureaucrats.
Oil prices surge after US strike kills Iranian general
“This is more than just bloodying Iran’s nose,” said AxiTrader’s Stephen Innes. “This is an aggressive show of force and an outright provocation that could trigger another Middle East war.”
Terror threat: US asks its airlines to exercise caution in Pakistan airspace
“The ongoing presence of extremist/militant elements operating in Pakistan poses a continued risk to US civil aviation from small-arms fire, complex attacks against airports, indirect weapons fire, and anti-aircraft fire, any of which could occur with little or no warning,” it said.
January 1, 2020 reinsurance renewals reflect asymmetrical market:Guy Carpenter
David Priebe, Chairman of Guy Carpenter, added: “The reinsurance market enters 2020 in a solid position with initial analysis of dedicated reinsurance capital up slightly as compared to a year ago, bolstered by mid-single digit growth in rated capital in 2019. Accounting for the impact of trapped capital, total available capital at January 1 is close to flat. While reinsurers will continue to deploy capacity cautiously, with cedents’ performance and loss experiences scrutinized closely, the sector remains well capitalized overall.”
America is still waiting for Trump’s ‘much better’ Replacement for Obamacare
Trump says a health insurance overhaul can be done in a second term if voters give him a Republican Congress as well as a reelection win.
Trump administration issues partial E-Cigarette Ban
In banning mint but not menthol, HHS Secretary Azar said the administration was following an “evidence-based, science-based public health approach.” Data that became available after the Trump administration’s September announcement showed that mint was highly popular among teens but menthol was not, he said.
Indonesia Flooding Forces Evacuation of More Than 400,000 People with 42 Deaths
The new capital that Indonesia will build on the island of Borneo will be flood proof, Public Works and Housing Minister Basuki Hadimuljono said.“While the government may be even more keen to shift its capital city now, the flood is a reminder that the host of issues facing Jakarta – whose metropolitan area is home to 30 million Indonesians – remain acute,” said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. in Singapore.