With this investment, Alecta will benefit from the performance of SCOR Global P&C’s diversified portfolio of property catastrophe reinsurance through a multi-year agreement Paris: SCOR announces that it has secured a USD 200 Million investment by the Swedish...
Non-Life
Lloyd’s and London market insurers tap DXC Technology to transform the world’s largest insurance marketplace
John Neal, CEO of Lloyd’s said: “With the respective commitments of DXC, Lloyd’s and the entire London market, we have the capabilities to transition to a single platform solution that will provide automated processing and accounting for the market, a substantial...
‘Significant discipline’ at Jan. 1 reinsurance renewals may set tone for ’22:S&P
Retrocession capacity is becoming scarcer and more expensive, particularly at lower coverage layers and where it is offering protection against loss frequency. This is because capital markets investors who finance a large part of the market have grown weary of...
U.S. business fears never ending liability from ‘take-home’ COVID-19 lawsuits
The Dec. 21 ruling allowed a wrongful death lawsuit to proceed against See's Candies Inc, owned by Berkshire Hathaway, by the family of Arturo Ek of Los Angeles who died in April 2020 at 72 from COVID-19 As COVID-19 cases surge in the United States, businesses say...
Universal health care bill advances in California Assembly
first step toward abolishing the private health insurance market in the nation’s most populous state and replacing it with a government-run plan that they promised would never deny anyone the care they need SACRAMENTO, Calif: California Democrats on Tuesday took their...
India reports over 2.47 lakh fresh COVID-19 cases, 27 pc higher than y’day
380 COVID-19 infected patients lost lives in India in the last 24 hours, taking the death toll to 4,85,035, the Union Health Ministry said. Of the 69.73 crore total tests conducted so far, a daily positivity rate of 13.11 per cent was reported in the country. Further,...
Maharashtra likely to see rise in COVID-19 hospitalisations by Jan-end or early Feb: Health dept
Maharashtra on Wednesday recorded 46,723 fresh coronavirus cases, a jump of 12,299 infections from a day ago, and 32 fresh fatalities. The new cases included 86 Omicron infections Mumbai:Maharashtra is expected to see a spike in hospitalisation of COVID-19 patients in...
COVID-19: 115 deaths reported globally due to Omicron, one in India, says Health Ministry
"Emerging states of concerns reporting high positive rates- Maharashtra with a rate positivity rate of 22.39 per cent, West Bengal 32.18 per cent, Delhi 23.1 per cent and Uttar Pradesh 4.47 per cent," he added. Agarwal also stated that there are eight countries in...
Natural disasters cost $120bn of insured losses worldwide in 2021, relatively low losses in Asia-Pacific: Munich Re
Torsten Jeworrek, member of the Board of Management,Munich Re The costliest natural disaster in 2021 was Hurricane Ida, causing $65bn of economic losses and US$ 36bn of insured losses Torsten Jeworrek, member of the Board of Management,Munich Re, said the images of...
India reports 1,94,720 fresh COVID-19 infections, 442 fatalities
``Plateauing of hospital admissions is an indication that the wave may have peaked. We may see a decline in cases in two to three days.Cases have started declining in Mumbai and Delhi is likely to follow the same trend,'' Delhi Health Minister Satyendra Jain said New...