“The most important thing is to understand the long-term developments. That is why we must continue to make every effort to understand the background to natural disasters, and provide safeguards against them in the form of intelligent prevention measures. This is borne out by statistics on flooding losses in Europe, which have generally decreased thanks to investment in flood protection and control.” Torsten Jeworrekm Munich Re Board member

This branding of AXA XL follows the announcement on June 6 that XL Group’s shareholders approved the agreement for AXA to acquire 100 percent of XL Group. Until the acquisition closes in the second half, XL Group and AXA remain two separate companies.

Over 12,000 buildings in prefectures including Hiroshima, Okayama and Ehime are without power, according to the Ministry of Economy, Trade and Industry.Mazda will continue to halt operations at two of its factories through July 10, company spokeswoman Yukari Hara said.

As countries ratchet up the rhetoric and retaliation, insurers are weighing how companies will deal with the pressure. For some providers of trade credit insurance, the saber-rattling is the jingle of product placement

Policymakers are pushing companies to do more to help meet a target, agreed in Paris in 2015, to limit global warming to below 2 degrees Celsius. Investors are increasingly using their financial muscle to reward those at the forefront of that transition.

“Given the impressive number of infrastructure initiatives underway in China, China’s contribution to world insurance premiums could yet again exceed expectations. In the following decades, other markets such as India, Indonesia, Brazil, Mexico, Pakistan, Nigeria or Kenya could become more important”