The announcement comes a day after the government said it had won...
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Ukraine in talks with insurers on deal to cover grain exports
Attacks by Russian forces on agricultural infrastructure in recent...
Insured losses from natural catastrophes set to top $100 billion in 2023
More than two-thirds of the insured losses were as a result of...
Boris Johnson sends unsigned letter to EU asking for Brexit delay
Johnson had hoped that Saturday would see recalcitrant lawmakers finally back the divorce deal he agreed with EU leaders this week and end three years of political deadlock since the 2016 referendum vote to leave the bloc.
Brexit may spur more deals in legacy general insurance policies
There are nearly $800 billion in closed books of non-life insurance globally, including $300 billion in Europe, according to PwC. Around $9 billion changed hands across 34 publicly announced deals globally in 2018, the consultants said in its first annual deals report
Typhoons Faxai, Hagibis, not likely to materially impact Japanese non-life insurers’ capitalisation
AM Best believes that the losses from Typhoon Hagibis will be largely driven by flood impact, rather than wind damage. Given the record breaking level of rainfall in some areas, as well as the relatively high population density surrounding Greater Tokyo, AM Best expects that the three mega-insurance groups’ gross losses from Typhoon Hagibis will be as significant as that from Typhoon Faxai, albeit possibly less severe than Typhoon Jebi in 2018.
UK heading for ‘fairly hard’ Brexit if Johnson deal passes
If Britain leaves the EU on Oct. 31, as scheduled, Johnson’s agreement ensures a transition period lasting until at least the end of 2020 during which there will be no big economic change.
Brexit insolvency fears boost demand for trade credit insurance
“The demand for credit insurance is incredibly high,” said Graham Bristow, managing director in credit solutions for insurance broker Aon, one of the largest firms arranging such deals. “There is no doubt Brexit is one theme, people are nervous.”
Britain, European Union reach Brexit deal
Immediately complicating matters was Johnson’s Northern Irish government allies which didn’t waste a minute to say they could not back the outline deal because of provisions for the Irish border.
Japan government will consider extra budget for typhoon relief
At least 58 were killed in the typhoon, with 15 missing and some 211 injured nearly three days after the storm lashed much of central and eastern Japan with high winds and intense rains, public broadcaster NHK said.
Health insurance prms are on the rise in 97 countries, Pacific Prime finds
Of the 100 countries, the average international health insurance premiums for individuals ranged from USD $8,887 in the US to USD $2,728 in Thailand. Meanwhile, the average international health insurance premiums for families ranged from USD $26,883 in the US to USD $10,842 in Thailand.
London retains status as top global financial services center, despite Brexit chaos
British data shows the total number of people employed in the City between 2016 and 2018 overall rose by 31,000, though the total number of people employed specifically in banking and insurance is down 3,000 over the period.
AXA to exit non-core bix, to focus on Asian expansion
AXA is now focusing on expanding in Asia, after its $15 billion acquisition of Bermuda-based insurer XL last year and its listing of U.S. life insurance and asset management unit AXA Equitable Holdings.