The insurance and reinsurance sector also experienced robust...
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Global natural disasters cause overall losses of around $ 131bn,insured losses at $ 80bn in H1 2025, says Munich Re
Thomas Blunck, Member of the Board of Management After the record...
Volante Global appoints Demian Smith as new Group CEO
Demian Smith,CEO, Volante Global Smith joins Volante Global from...
Jacques de Vaucleroy selected as chairman of Swiss Re
Jacques de Vaucleroy, vice chairman, Swiss Re After careful consideration, the reinsurer's Governance and Nomination Committee under the lead of Joerg Reinhardt concluded that Jacques de Vaucleroy be proposed for election as the new Swiss Re Chairman at the next AGM...
WTW launches Asia’s first 4-peril parametric insurance solution to unlock financing for aquaculture development
``Our new 4-peril parametric insurance provides an efficient and simplified solution to support businesses vulnerable to multiple weather events that are not covered by traditional insurance products in the market. WTW has structured the region’s first 4-peril...
Professional Indemnity: Emerging global liability trends for professional services firms
A new report from professional indemnity (PI) insurer Allianz Global Corporate & Specialty (AGCS) identifies a number of emerging liability trends for companies, ranking them by level of anticipated impact, potential drivers of loss activity and the likely ease...
London is falling down and it’s because of climate change
That phenomenon — known as subsidence — has become worse in the UK after last year’s drought and a deadly heat wave that pushed temperatures past 40C (104F) in July 2022 to record levels The damage has triggered the highest insurance payout in almost two decades, with...
Allianz ropes in AIG’s Christian Sandric as commercial managing director Asia
Christian Sandric In Asia, Allianz is targeting significant growth opportunities across the full Commercial segment which entails mid-sized companies, large multinational corporations and specialty business leveraging its extensive geographical network, enhanced...
India to be the 6th largest insurance market by 2032, life market more promising than non-life: Swiss Re report
With $131 billion of total premium in 2022, currently, India is the 10th largest market in the world where US, China and UK are the top three largest markets India's life insurance premium market, with a premium of $100 billion, that has grown by 8.2 per cent in 2022...
World sees hottest June on record, North Atlantic ocean heats up
The rapidly warming planet has led to unusual spikes in air and sea temperatures that can wreak havoc on global weather, food supply chains and economies. The first El Niño in almost four years is also developing The area covered by sea ice in Antarctica reached its...
Siemens energy’s turbine troubles rattle wind sector
Siemens Energy shocked the wind sector in late June when it warned of faulty components and possible design faults in its onshore wind turbines Last year, the four biggest Western wind turbine makers – Vestas, GE, Siemens Energy’s Siemens Gamesa and Nordex made...
Ukraine urgently needs war risk insurance for rebuilding its economy – Finance minister
“Without international support, without war-risk insurance, we will not attract as much investment as we need for reconstruction,” Finance Minister Serhiy Marchenko told Bloomberg Television on Friday. “We need investment right now — we don’t need to wait until the...
UN climate alliance scraps emissions rules for insurers after exodus
Under the NZIA's “Target-Setting Protocol” published in January, insurance members had until the end of July to publish emissions targets for 2030 using recommended types of targets and were then required to update on their progress annually The Net-Zero Insurance...