Asian waters account for most shipping losses,global numbers hit record low:AGCS

International News       Jul 15, 2020

  Singapore: Asian waters accounted for a third of a large vessels lost at sea globally, even as large shipping losses are at a record low having fallen by over 20% year-on-year, according to specialty insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety& Shipping Review...

Covid-19 Pandemic:Global reinsurnace capital shrinks by 6 % to $590 bn,tightening of reinsurance capacity expected:AON

International News       Jul 14, 2020

  London: Aon,in its latest``Reinsurnace Market Outlook''((for the period of June & July), released on Tuesday,estimated that Q1(Jan-Mar, 2020) total global reinsurance capital stood at USD590 billion, a decrease over 2019 of USD35 billion, or 6 percent. This result was comprised of a 6 percent drop...

Six Harvey Weinstein accusers call $18.9 million New York settlement a 'cruel hoax'

International News       Jul 14, 2020

  NEW YORK: Six women who claim they were sexually abused by Harvey Weinstein urged a U.S. judge on Monday to reject an $18.9 million settlement with the disgraced movie producer, the board of his former studio and other accusers. The settlement announced on June 30...

Fabien Conderanne,Regional Head, Financial Solutions,Asia Pacific,Willis Towers Watson

Willis appoints Fabien Conderanne as Regional Head of Financial Solutions in Asia Pacific

International News       Jul 14, 2020

  SINGAPORE: Willis Towers Watson, a leading global advisory, broking and solutions company, announced the appointment of Fabien Conderanne as Regional Head, Financial Solutions for Asia Pacific. effective 1 July, Fabien takes over from Stuart Ashworth, who has been promoted to the global role of Head...

Markel appoints Head of Renewable Energy,first ever based in Asia

International News       Jul 13, 2020

  London &Singapore:  Markel International, the specialist insurer, has today appointed Thomas(Tom) Baker as senior underwriter - head of renewable energy. Based in Singapore, Tom is Markel’s first ever Asia-based global head as well as their first renewable energy underwriter in the region. Reporting to Rohan...

Floods, landslides kill 23 in Nepal, dozens missing

International News       Jul 11, 2020

KATHMANDU: Heavy rains triggered flash floods and landslides that killed at least 23 people and displaced thousands in western Nepal, officials said on Saturday. Nine people were killed and more than 30 were missing in Myagdi district, 200 km (125 miles) northwest of the capital...

Billion-dollar June hail event becomes one of Canada’s costliest severe weather events on record, Aon cat report 

International News       Jul 09, 2020

  Chicago: Aon's monthly Global Catastrophe Recap report,evaluating the impact of the natural disaster events that occurred worldwide during June 2020,reveals that a series of powerful thunderstorms swept across southern Alberta, Canada on June 13-14, resulting in large hail that caused extensive damage and flooding throughout...

Jerome Jean Haegeli, Group Chief Economist,Swiss Re

Covid-19 Pandemic:Prm growth in emerging markets to remain positive in 2020 & 2021,says Swiss Re

Articles       Jul 09, 2020

  The insurance industry is set to overcome this year’s COVID-19-induced global economic recession, the latest Swiss Re Institute’s sigma says. The COVID-19 crisis will present challenges to industry profitability.In addition to pandemic-related losses, investment returns will remain subdued as interest rates stay low for longer,...

Bollywood wakes up to Covid-19 risks,Taapsee Pannu's Looop Lapeta can be first film to be covered

Indian News       Jul 09, 2020

MUMBAI: The upcoming Taapsee Pannu-starrer "Looop Lapeta" could become one of the first films to be covered for Covid-19 insurance in Bollywood. The film's producers Atul Kasbekar and Tanujj Garg are in talks with a legal expert to get COVID-19 insurance for their projects, and...

As insurers face hefty pandemic losses,newcomers see chance to step in

International News       Jul 08, 2020

  London: Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums – tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines. New insurance ventures sprang up after Hurricane Andrew...

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