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Vietnam estimates property damage from Typhoon Bualoi at $303 mln

Vietnam estimates property damage from Typhoon Bualoi at $303 mln

by AIP Online Bureau | Oct 1, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Bualoi made landfall on Monday in northern central Vietnam, bringing huge sea swells, strong winds and heavy rains that have killed at least 29 people and left 22 others missing, according to the disaster management agency report. HANOI: Vietnam’s government...
Beazley hires a new parametric insurance head

Beazley hires a new parametric insurance head

by AIP Online Bureau | Jun 11, 2025 | International News, Non-Life, Reinsurance

Stefan Wunderlich,head of Parametric Insurance Beazley has a long-term commitment to the property market, having trebled the size of its property underwriting since 2022. This commitment has seen it build a strong position in the US E&S market, roll out specialist...
Senior citizens can cancel gift deed if their children fail to take care of them: HC

Senior citizens can cancel gift deed if their children fail to take care of them: HC

by AIP Online Bureau | Mar 19, 2025 | Indian News, Policy, Wealth Management/ Philanthropy

The bench said section 23 of the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 was designed to protect senior citizens in situations, where they transfer their property, either through a gift or settlement, with the expectation that the transferee...

McGill offers property war reinsurance for Ukraine

by AIP Online Bureau | Jan 9, 2025 | Intermediaries, International News, Non-Life, Reinsurance, Risk Management

McGill said it had collaborated with local Ukrainian insurer ARX to provide up to $50 million in cover for each commercial property policy, with reinsurance from companies in London, including Lloyd’s of London syndicates Broker McGill and Partners has launched a...
Apr 1 Renewals: Transitioning’ property catastrophe sector heralds buyers’ market, says Aon

Apr 1 Renewals: Transitioning’ property catastrophe sector heralds buyers’ market, says Aon

by AIP Online Bureau | Apr 1, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

George Attard, CEO of Asia Pacific for Aon’s Reinsurance Solutions, said, “The April 1st reinsurance renewals were more predictable and generally favorable to reinsurance buyers. As mid-year renewals get under way for the catastrophe-exposed markets of Florida,...
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