Reinsurance

Climate change could make premiums unaffordable: QBE Insurance

International News       Feb 17, 2020

  SYDNEY:  Australia’s QBE Insurance Group said on Monday climate change could make some premiums unaffordable, especially for customers exposed to extreme weather events, and was a “material risk” for its operations across the globe.   During 2019, QBE’s net Australia-Pacific cost of catastrophe claims jumped to...

Coronavirus could hamper $2.24 billion in Indian solar projects: Crisil

Indian News       Feb 17, 2020

  Mumbai: Indian solar power projects worth $2.24 billion are at risk of higher costs, including fines, due to the coronavirus outbreak in China -- a major supplier of modules, the local arm of ratings agency Standard and Poor's said on Monday.   Nearly three-gigawatts of solar...

Coronavirus triggers major dislocation in global supply chains

International News       Feb 17, 2020

  February 2020 will come to be remembered as a period of historic disruption to physical supply chains the world over, as the coronavirus wrecks trade.   The death toll in China's novel coronavirus epidemic jumped to 1,770 on Monday after 100 more people died in hard-hit...

COVID-19 coronavirus:Locking people up to stop virus spread could prompt legal fights

      Feb 16, 2020

  LONDON : The UK health secretary on Monday morning authorized an unprecedented policy for stopping possible carriers of the coronavirus: Lock them up. It was the first time in modern British history that such a move has been made in response to an epidemic --...

Coronavirus epidemic could infect two-thirds of World’s population: WHO Scientist

International News       Feb 14, 2020

  As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far worse: Two-thirds of the world’s population could catch it.   So says Ira Longini, an adviser to the World Health Organization who tracked studies of the...

SCOR acquires a majority stake in Brazilian AgroBrasil,strengthens expertise in agriculture

International News       Feb 13, 2020

  Paris: SCOR has acquired control of AgroBrasil Administração e Participações Ltda (“AgroBrasil”), Brazil’s family-owned leading Managing General Agent distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers.   This transaction marks an important milestone in SCOR’s Specialty Insurance strategy:   As...

Coronavirus leads companies with supply chain disruptions to invoke ‘Force Majeure’

International News       Feb 13, 2020

  With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of “force majeure.”   The death toll in China from...

Sunil Sharma, President Institute of Actuaries of India.

IAI to host 3-day 21st Global Conference of Actuaries in Mumbai from Feb 17

Indian News       Feb 12, 2020

  Mumbai:  Institute of Actuaries of India (IAI)  all set to organise the 21th Global Conference of Actuaries from 17th February to 19th February, 2020 in Mumbai.  The global conference will be conducted with a flavour of grandeur and admiration of the Indian Actuarial Profession on...

Coronavirus adds risk to India’s nascent recovery: Krishnamurthy Subramanian

Indian News       Feb 11, 2020

NEW DELHI : A nascent recovery in India’s economy faces "unknown" risks from the coronavirus outbreak, according to a top government adviser. “There are some green shoots, but I would be cautiously optimistic," Krishnamurthy Subramanian, the chief economic adviser said in an interview in New...

Italian investor group Exor weighs sale of PartnerRe to France’s Covea

International News       Feb 10, 2020

  Investment group Exor, which controls carmaker Fiat Chrysler, is in exclusive talks to sell reinsurer PartnerRe to France’s Covea in a deal one source familiar with the matter said was worth around $9 billion.   Exor, the investment vehicle of Italy’s Agnelli family, said on Sunday...