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Markel Insurance to sell reinsurance renewal rights to Nationwide
The sale is part of Markel's broader strategy to simplify...
South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest
“All the ingredients for a protest are in place — someone just...
Heat and wildfires put southern Europe’s vital tourism earnings at risk
US.-based climate technology startup Sensible Weather is developing insurance that would compensate people if extreme heat wrecks their holiday It's rolled out “weather guarantee” coverage to travel companies in the UK, France and the US, which pays travellers if...
Romania bids to clear Danube logjam after Ukraine attack, insurers impacted
Ukraine will insure ships that import and exports goods through the Danube and is considering the possibility of providing cover for ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal...
Swiss Re net income surges off low catastrophe-linked losses
In its key property and casualty business, Swiss Re booked $634 million in large natural catastrophe losses in the first half from the earthquake in Turkey and Syria, Cyclone Gabrielle, and flooding in New Zealand. All are events that occurred in the first quarter...
Ukraine weighs possibility of insuring ships going via ‘grain corridor’ – Interfax-Ukraine
Ukraine is considering the possibility of insuring ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal. “Now we are discussing in the government and, I am sure, we will make a decision on...
Europeans lack insurance protection as wildfires and drought batter the region
When it comes to disaster response, the ECB sees insurers as the first line of financial defense, backed up by reinsurers and the financial markets with instruments like catastrophe bonds. The global market for catastrophe bonds, which give insurers a payout when a...
1 in 5 companies in Vietnam are prepared against major risks: WTW survey
“What our study has shown is an urgent need to bridge the protection gap in risk impact and its financial implications, and consequentially, to enhance risk preparedness across organisations. This is especially important for a market like Vietnam, one of the most...
Amit Agarwal appointed as CEO of Howden India
Amit Agarwal, CEO, Howden India Agarwal’s appointment underlines Howden India’s ambitious growth plans and aspiration to be a leading broker in one of the world’s fastest growing insurance markets by 2026, said the company London: UK based Howden, a multinational...
Weather tool used in India could help better predict floods in Sri Lanka: Study
Understanding the link between weather patterns and extreme rainfall is really important for helping Sri Lankan communities prepare and respond to deadly natural disasters and could ultimately save lives, the researchers said New Delhi: Applying weather forecasting...
India has adequate and sufficient insurance coverage for nuclear incidents
Jitendra Singh,Union Minister of State (Independent Charge) Science & Technology The minister informed that without any insurance or financial securities, the nuclear operator cannot operate the nuclear facilities, and the operator is also mandated to renew the...
Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023
Thomas Blunck, member of the Board of Management In the Asia-Pacific region, natural disasters resulted in overall losses of approximately US$ 7bn, of which roughly US$ 3bn was insured Earthquake in Turkey and Syria was by far the most devastating natural disaster in...