Commenting on the launch of Syndicate 2454 in South Africa, Mikir...
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Heavy rainfall unleashes deadly floods across Southeast Asia
Total number of confirmed dead in Vietnam is now 91.Flooding in...
Blackstone owned Ace Insurance Brokers make 3 sr level appointments
Blackstone owned Ace Insurance Brokers has made three senior level...
MS Amlin completes world-first Singapore ILS renewal
Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, said: “ We are also exploring other Singapore-based risk transfer solutions to support global investors, increase insurance capacity in Asia, and help close the region’s insurance protection gap” SINGAPORE: MS Amlin, the...
Reinsurers’ underwriting margins to peak in 2024,says Fitch
Fitch also forecasts an improvement in underlying profitability for the global reinsurance sector in 2024 on continued strong underwriting margins and rising investment income, and is maintaining its improving fundamental sector outlook Frankfurt /Chicago: Reinsurers’...
Red Sea turmoil sends economic shockwaves far and wide
According to Freightos, a cargo booking company, the cost of shipping containers from China to the Mediterranean Sea has more than quadrupled since late November WASHINGTON: Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have...
‘Israel-Hamas conflict spillover to region through shipping attacks has impact on India’
Courtsey-FOX News The conflict’s impact on the safety of commercial shipping in the Indian Ocean “has a direct bearing on India's own energy and economic interests”, Deputy Permanent Representative R. Ravindra said on Tuesday at a high-level meeting of the Security...
Moody’s RMS partners with insurtech Alwrite to provide quick quotes to Indian insurers
“ Offering simplified and efficient integration, Moody’s RMS Location Intelligence API solution combines our strength in catastrophe modeling with the latest technology, to deliver risk data into the heart of the innovative Alwrite platform'' Alok Kumar, managing...
Bermuda reinsurer returns peaking, to remain favorable in 2024: Fitch
``We expect market conditions to remain favorable at the 2024 midyear renewals, although with stabilizing rates as pricing is generally sufficient. (Re)insurers are also expected to mostly maintain the tighter terms and conditions negotiated in 2023,'' said Fitch New...
US re/insurance broker Lockton sets up operation in India
Sources point out that some of the employees of Aditya Birla Insurance Brokers, whose acquisition by a private equity fund -Samara Capital- has not been approved by the Indian insurance regulator IRDAI yet, have also joined Lockton’s India operation Singapore: US...
Hedge funds rake in huge profits betting on catastrophe risk
The best hedge fund strategy of 2023 was a bet on insurance-linked securities (of which catastrophe bonds are the dominant sub-category), which generated over 14%, according to Preqin, a consultancy that provides data on the alternative asset management industry....
Traffic through the Panama Canal is being cut due to drought, disrupting global trade
On Wednesday, Panama Canal Administrator Ricaurte Vásquez said they would cut daily ship crossings to 24, after already gradually slashing crossings last year from 38 a day in normal times A severe drought that began last year has forced authorities to slash ship...
Miller appoints Shaun Sinniah as Head of Reinsurance and Capital
Miller, the leading independent specialist (re)insurance broker today announce the appointment of Shaun Sinniah as Head of Reinsurance and Capital, as the firm builds out its reinsurance offering and international presence. Shaun will be based in London.Shaun was...