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Hannover Re’s Apr 1  treaty renewals increased by 6.6 %

by AIP Online Bureau | May 7, 2019 | International News, Reinsurance

  Hanover: Hannover Re, the fourth-largest reinsurer in the world, said its treaty renewals as at 1 April 2019 increased by 6.6 per cent.The company is targeting a combined ratio of no more than 97 per cent in 2019..   Business in Japan is traditionally...

SCOR to implement an alternative natural catastrophe reinsurance scheme in France

by AIP Online Bureau | May 7, 2019 | Disaster & Management, International News, Reinsurance, Risk Management

  Paris:  SCOR notes the decision of the General Court of the European Union, which confirms the decision of September 26, 2016, by the European Commission concerning the guarantee granted by the French State to the CCR regarding natural catastrophe...

Brexit boom lifts Luxembourg insurance sector

by AIP Online Bureau | May 7, 2019 | Eco/Invest/Demography, International News, Life, Non-Life

LUXEMBOURG : The Luxembourg insurance sector was buoyed by Brexit effect in the first quarter, the national insurance commission said on Monday, with international non-life premiums showing a fourfold increase from a year earlier.   Premiums in the non-life...

PSU gen insurers lose motor business to pvt players, health segment market share grows  5 % in 2018-19

by AIP Online Bureau | May 7, 2019 | Eco/Invest/Demography, Health, Indian News, Non-Life

  Mumbai: The public sector general insurers led by the New India  Assurance (NIA) except Oriental Insurance Company(OIC) have lost out heavily their  motor business to the private sector companies in 2018-19.   The public sector companies- NIA,...

Britannia violated listing norms in not reporting Ness Wadia’s arrest: InGovern

by AIP Online Bureau | May 6, 2019 | Indian News, Risk Management

  New Delhi: Proxy advisory and corporate governance firm InGovern Monday alleged that Britannia Industries violated listing regulations in not reporting arrest of its promoter and director Ness Wadia, while demanding his resignation.  InGovern founder...
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