by AIP Online Bureau | Mar 16, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life, Non-Life, Risk Management
Fitch’s sector outlooks for U.S. Life and U.S. P&C are ‘neutral’ Insurers’ investments to the failed banks (Silicon Valley Bank, Silvergate and Signature Bank) are modest. Fitch-rated insurance entities’ direct investment exposure to the failed banks...
by AIP Online Bureau | Mar 15, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Regulation, Risk Management
The inclusion of insurers marks an expansion of the region’s preparations for the transition of the financial sector. Insured losses from climate change hit about $120 billion in 2022, according to data compiled by Munich Re, and the industry is generally seen as at...
by AIP Online Bureau | Feb 28, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
With insurers already grappling with exposure to commercial aircraft caught up in Russia, the prospect of payouts will likely translate into higher costs for shipments from the region A senior industry source said exposure for the ships currently stuck was estimated...
by AIP Online Bureau | Feb 20, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
(Lto R) G. Srinivasan, Director of the National Insurance Academy,,Satyajit Tripathy, CMD, United India Insurance Company,Saurabh Mishra, Joint Secretary Department of financial services, Devesh Srivastava, CMD GIC Re,Hadi Riachi, CEO of Swiss Re India Devesh...
by AIP Online Bureau | Jan 30, 2023 | Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance
Citi in a research note observed that IAG’s exposure to the floods in Auckland, which could be potentially as much as A$236 million, is “much greater” than Suncorp’s NZ$50 million cap Major insurers operating in New Zealand including Insurance Australia Group and...
