by AIP Online Bureau | Jul 13, 2023 | International News, Non-Life, Reinsurance
Insurers can opt to pay more for the same reinsurance package, or cut costs by restricting new business, withdrawing from certain regions or business lines or adjusting their strategy, such as by cutting costs on more frequent but less severe perils, Morningstar said....
by AIP Online Bureau | Mar 29, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Regulation
Also, the regulator has decided to come up with norms for ESG Rating Providers (ERPs) amid the growing importance of their role in making investment decisions. To promote ESG investing, Sebi will introduce certain measures to address the risk of mis-selling and...
by AIP Online Bureau | Mar 20, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
London: Almost 20% of global corporates could face rating downgrades by 2035 due to climate vulnerabilities if such risks are not mitigated, Fitch Ratings says. “This represents the proportion of corporates that we estimate to have Climate Vulnerability Scores...
by AIP Online Bureau | Oct 27, 2022 | Eco/Invest/Demography, International News, Non-Life
Fosun’s insurance shareholdings include AmeriTrust Group, Peak Re, Fosun Insurance Portugal, and Pramerica Fosun Life Insurance. Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from...
by AIP Online Bureau | Jun 17, 2022 | International News, Non-Life, Reinsurance
The review for downgrade on Peak Re’s A3 IFSR follows Moody’s rating action on June 14, 2022 to place on review for downgrade the Ba3 corporate family rating of Peak Re’s majority shareholder, Fosun International Limited (Fosun, Ba3 review for...
