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Munich Re hit with Covid-19 losses of $832 million in Q2

The company did slightly raise its outlook for premium income to 54 billion euros, from the previous 52 billion euros.

That followed an increase in premium volume in the July round of reinsurance renewals by 8.3%, with prices rising 2.8%.

Proportion of youth with COVID-19 triples in five months: WHO

An analysis by the WHO of 6 million infections between Feb. 24 and July 12 found that the share of people aged 15-24 years rose to 15% from 4.5%.

Apart from the United States which leads a global tally with 4.8 million total cases, European countries including Spain, Germany and France, and Asian countries such as Japan, have said that many of the newly infected are young people.

“Younger people tend to be less vigilant about masking and social distancing,” Neysa Ernst, nurse manager at Johns Hopkins Hospital’s biocontainment unit in Baltimore, Maryland told Reuters in an email.

Oneglobal Broking sets up Asian operation in Hong Kong

Jonathan Palmer-Brown,cairman, Oneglobal commented, “This is an exciting moment for Oneglobal as we extend our reach into Asia. I’m proud that we are one of the first broking businesses in Hong Kong to be authorised by the Insurance Authority, which is testament to our strong business plan and outstanding leadership. Anthony Langridge is known to many Asian business leaders and his appointment is a vital building block in our campaign to grow across Asia, which will see new colleague and location announcements in the coming months.”

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