Airlines have canceled more than 500 flights departing from Okinawa and southern Japan, NHK said. Bullet train service in southern and western Japan was suspended, it said.

Japan’s coastguard on Saturday suspended for a second day its search for crew missing from a ship that capsized in the East China Sea last week with a cargo of cattle.

Total expected onshore U.S. insured losses from Hurricane Laura around $9bn – $13bn:RMS

Sep 4, 2020

RMS estimates an additional US$1.0bn to US$2.0 billion of insured losses to offshore platforms, rigs, and pipelines in the Gulf of Mexico, due to wind and wave-driven damages. Offshore losses were estimated using the September 2020 vintage of the RMS Offshore Platform Industry Exposure Database

Swiss Re retains top spot in AM Best’s top 50 ranking of global reinsurers

Sep 4, 2020

The top 10 accounted for 69% of the top 50’s total GPW. In recent years, this percentage has consistently been around 70%, which reinforces AM Best’s sentiment that the industry’s largest reinsurers continue to house disproportionately sizable amounts of risk, despite cedants’ efforts to diversify their reinsurance panels and spread out their counterparty risk.
The top 50 reinsurance groups reported an average combined ratio of 102.4 in 2019, a modest deterioration from the 2018 combined ratio of 100.9. Losses were driven primarily by social inflation in U.S. casualty business and typhoons in Asia, as well as loss creep from 2018 storms.
India’s GIC Re,with a gross premium of $6.86 billion,is the12th largest company(11th in 2018 list) in the AM Best list of top 50 global reinsurers

WHO says widespread vaccinations against Covid-19 are not expected until middle of next year

Sep 4, 2020

“We are really not expecting to see widespread vaccination until the middle of next year,” Harris told a UN briefing in Geneva. “This phase 3 must take longer because we need to see how truly protective the vaccine is and we also need to see how safe it is.”

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