by AIP Online Bureau | Jul 1, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
However, ongoing geopolitical uncertainty, including the Iran-Israel conflict, could lead to increased reinsurance costs and further reductions in capacity that could result in insurers further cutting their exposure. The ruling underscores the need for greater...
by AIP Online Bureau | May 13, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Reinsurance, Risk Management
“The devastating wildfires in California are another example of how climate change is exacerbating the risks of extreme weather events,” said Hannover Re Chief Executive Clemens Jungsthoefel Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp...
by AIP Online Bureau | May 11, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Industry sources have said risk perception of Indian market has remained at an elevated level as the government has pronounced any act of terror from Pakistan soil will be considered as an act of war which will impact how terror covers and claims are dealt with in...
by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
“Most of our travel policies have an exclusion that doesn’t cover situations arising due to acts of any public authority like governments forcing airports to shut down,’’ said a senior official of New India Assurance Mumbai: With major escalation of Indo-Pak...
by AIP Online Bureau | Jan 24, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The impact of the fires on European reinsurers’ natural catastrophe budgets will clearly be significant, but the implications for their earnings and capital are not likely to be material. Paris/London: The recent Los Angeles wildfires may use up over 30% of the...
