by AIP Online Bureau | Mar 24, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Vladimir Putin,President,Russia Companies that leave and abandon their business without any action taken by the Russia government to seize control of their assets will have a tough time collecting insurance, according to legal experts “You see companies saying...
by AIP Online Bureau | Mar 22, 2022 | International News, Non-Life, Reinsurance
Multi-billion-dollar aviation insurance claims could have significant knock-on effects on the aviation insurance market. “We would expect insurers and reinsurers to respond by increasing premiums, incorporating more exclusion clauses in their contracts, and...
by AIP Online Bureau | Feb 5, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
By region, North America accounted for the largest proportion of the loss at 68%, followed by Europe, Middle East & Africa at 23%, Asia Pacific at 8% and Latin America and the Caribbean at 1%. By peril, tropical cyclones were the most impactful, responsible for...
by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance
“There’s only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that’s pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden...
