The newly formed syndicate has received in principle approval to...
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Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re
Gallagher Re estimated that the private insurance market and public...
Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines...
Reinsurers’ discipline continues at 7/1 renewal: Gallagher Re
Tom Wakefield, Global CEO Gallagher Re, said: “With the improved terms and conditions available in the reinsurance market, some existing reinsurers are leaning into the hardening market, committing more of their existing capital, as well as any new capital they are...
Axa sets first emissions goals for insurance portfolio
Europe's second-biggest insurer said it would aim for a 20% decrease in the carbon intensity of its largest individual auto insurance portfolios between 2019 and 2030 and a 30% drop in absolute carbon emissions from its largest corporate customers between 2021 and...
Bank of England consults on next leg of insurance capital reforms
The Solvency II rules were inherited from the European Union and their reform is seen by the insurance industry and by lawmakers who supported Britain’s exit from the bloc as a key “Brexit dividend” to unlock billions of pounds to invest in infrastructure The Bank of...
‘Climate washing’ lawsuits jump as more activists challenge corporate claims, report shows
“One of the most significant groups of climate-washing cases to emerge in recent years have been cases challenging the truthfulness of corporate climate commitments, particularly where these are not backed up by adequate plans and policies,” the report authors, Joana...
Businesses criticize new EU data rules, consumer group sees missed opportunity
DIGITALEUROPE, whose members include Airbus, U.S. tech giants such as Amazon and Google, GFK, Nokia, Qualcomm, Philips, SAP, Siemens and Sony, said the data agreement fell short of businesses’ expectations “The Data Act will place European industry at a disadvantage...
Govt drops plans to levy TCS on overseas credit card spends
The Finance Ministry has also deferred by three months the implementation of a higher Tax Collected at Source (TCS) rate of 20 per cent on expenditures made under LRS and overseas tour packages till September 30 New Delhi: The government on Wednesday dropped plans to...
Howden appoints Rowan Douglas as CEO, Climate Risk and Resilience
Rowan Douglas as CEO, Climate Risk & Resilience Howden’s climate and resilience capabilities will span physical risks, the risks associated with de-carbonisation, the wider risks stemming from the low carbon transition and growing legal liability risks faced by...
APAC sees economic loss of $ 80 billion and $11 billion insured claims out of catastrophes and natural disasters in 2022
George Attard, chief executive officer, Reinsurance Solutions, Asia Pacific at Aon said, "The extreme weather in the region throughout the year highlights the continuing need to strengthen resilience by adopting effective adaptation and risk management strategies....
`Insurance Bill, 2023′: Govt drops major reform plans for Indian insurance sector
In a surprising development, The Insurance Bill, 2023,’ drafted by the department of financial services(DFS) and now may be ready to be presented in the monsoon session of the Parliament, has no mention of any proposals relating to much talked about new systems like...
Fabrice Brégier appointed chairman of SCOR’s board of directors
Fabrice Brégier non-executive Chairman, SCOR The SCOR directors comment: “His wealth of experience at the head of major international groups and his in-depth knowledge of corporate governance are solid assets for SCOR, as the Group gains fresh momentum. He and Thierry...