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Indian
BSE EBIX and LIC join hands for distribution of insurance products
EbixCash, a subsidiary of Ebix, Inc. is in the process of seeking...
Vistara’s Amritsar-bound flight makes emergency landing at IGI airport
There were 146 passengers onboard the flight when it took off from...
Life Insurance Council comes back with `Sabse Pehle Life Insurance’ campaign
To create a strong resonance across the country, the campaign will...
Climate actions need adequate financing, says PM Modi, asks developed countries to fulfil financial commitments
Prime Minister Narendra Modi Reduce, reuse, recycle, recover,...
International
“World must be more ready for next Pandemic” : WHO
Typhoon Haishen hammers southern Japan with high winds and power outages
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
Swiss Re retains top spot in AM Best’s top 50 ranking of global reinsurers
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
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