Reinsurance

S&P insurers moving cautiously in the aftermath of massive Texas Ice storm Uri

International News       Feb 26, 2021

  NEW YORK: Based on preliminary observations, S&P Global Ratings thinks the estimated insured losses covered by private insurers on the unusually severe Winter Storm Uri that began on Feb. 9, 2021, and swept through Texas and neighboring states are somewhat comparable with those from Hurricane...

Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital

International News       Feb 26, 2021

  HAMILTON, Bermuda: SiriusPoint Ltd, an international specialty insurance and reinsurance company, has today launched with over $3 billion in initial capital. The Bermuda-based Company has been formed as the result of the previously announced merger between Third Point Reinsurance Ltd.  a specialty reinsurer, and Sirius...

Subhash Chandra Khuntia, Chairman, IRDAI

Indian Insurance industry has recovered, pays Rs 9,000 crore Covid-19 pandemic claims :IRDAI Chief

Indian News       Feb 26, 2021

  Pune: The Indian insurance industry has recovered from the negative growth caused by the caronavirus disruptions, and has already settled Covid-19 pandemic related claims worth of Rs 9000 crore, said Subhash Chandra Khuntia, Chairman, IRDAI. The domestic general insurance industry has made Covid-19 pandemic related...

Munich Re 2020 profit plunges 55% as pandemic takes toll

International News       Feb 25, 2021

  FRANKFURT: German reinsurance group Munich Re expects net profit to bounce back this year after more than halving in 2020 as the coronavirus crisis helped drive claims to a near-decade high.Major losses in 2020 for the virus and natural catastrophes totalled 4.689 billion euros ($5.71...

Lloyd's insurer Brit says it will not insure Adani coal mine

Indian News       Feb 23, 2021

  LONDON: Major Lloyd’s of London insurer Brit will not insure Adani Enterprises’ Carmichael thermal coal mine, it said on Tuesday, adding to a growing list of Lloyd’s insurers who have made similar pledges.Carmichael has provoked controversy in Australia with its plan to open up a...

Moody’s predicts massive insured losses in US Winter Storm,White House says Texas winter storm likely due to climate change

International News       Feb 19, 2021

  WASHINGTON: Snow, ice and some of the most frigid temperatures in decades in the southern United States will produce insured losses “in the billions of dollars,” Moody’s said in new commentary released on Feb. 17. Texas was particularly affected by the Feb. 15 storm, and...

Swiss Re records larger-than-expected annual loss,eyes 2021 recovery from pandemic fallout

International News       Feb 19, 2021

FRANKFURT: Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects a return to profit in 2021. Swiss Re and its competitors have faced...

Australian regulator raises antitrust doubts over Aon's $30-billion Willis Towers bid

International News       Feb 18, 2021

  Australian regulator raises antitrust doubts over Aon's $30-billion Willis Towers bid- Australia’s competition regulator on Thursday raised initial concerns over Aon’s $30 billion bid for Willis Towers Watson to create the world’s largest insurance broker, close on the heels of a similar move by EU...

Arctic blast: 100 million Americans brace for more cold, ice and snow

International News       Feb 17, 2021

  Houston:  The winter weather that has overwhelmed power grids unprepared for climate change and left millions without electricity in record-breaking cold kept its grip on the nation's midsection Wednesday. At least 20 people have died, some while struggling to find warmth inside their homes. In...

``Significant improvement in climate-related disclosure of Insurers''

Articles       Feb 17, 2021

  London: ClimateWise Principles Review 2020, published by the University of Cambridge Institute for Sustainability Leadership (CISL), indicates significant improvement in climate-related disclosure of insurers and highlights sector’s vital role in shaping resilience to climate change. The ClimateWise Principles Independent Review 2020 shows member insurance industry...

1 2 3 4