by AIP Online Bureau | Sep 14, 2018 | International News, Reinsurance
London: Hanover Insurance Group Inc on Thursday decided to sell its unit that underwrites risks at insurance market Lloyd’s to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business. Shares of Hanover rose as much...
by AIP Online Bureau | Sep 13, 2018 | International News, Reinsurance
Monte Carlo: Torsten Jeworrek, member of Munich Re’s Board of Management at Monte Carlo said that the Cyber risks are one of the biggest threats to the networked economy. Demand for prevention and insurance is growing as companies recognise...
by AIP Online Bureau | Sep 13, 2018 | International News, Reinsurance
Monte Carlo: Swiss Re sees some of the current improvements in the overall market environment as a chance for the insurance sector to embrace new market dynamics; for example, the increased use of digital solutions. Looking ahead, the continued...
by AIP Online Bureau | Sep 13, 2018 | International News, Reinsurance
Monte Carlo: Hannover Re, the fourth largest global reinsurer, expects to see stability in prices and conditions overall for the treaty renewals as at 1 January 2019. While improvements should be possible under loss-impacted programmes,covers...
by AIP Online Bureau | Sep 13, 2018 | International News, Reinsurance
MONTE CARLO: The Global Reinsurance Forum (GRF) announced today that no new major trade barriers have been added to the latest edition of its Reinsurance Trade Barriers and Market Access Issues Worldwide list Despite this encouraging development, the GRF...
by AIP Online Bureau | Sep 13, 2018 | International News, Reinsurance
(Reuters) – U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane Florence, on track to become the...
by AIP Online Bureau | Sep 13, 2018 | Health, Indian News
NEW DELHI: Narendra Modi is the first prime minister of India, which is engulfed in a "swirling epidemic of non-communicable diseases", to have prioritised universal health coverage as part of his political platform under the 'Ayushman Bharat'...
by AIP Online Bureau | Sep 11, 2018 | Indian News, Risk Management
MUMBAI: Government policies pose the biggest risks for companies over the next three years, followed by cyber security and technology disruptions, a survey of over 100 top company executives has revealed. The primary reason for this trend is that CXOs...
by AIP Online Bureau | Sep 11, 2018 | Indian News, Pension & Social Security
Mumbai: In a marked shift, the pension fund regulator PFRDA will soon allow all the existing eight pension fund managers which function within the parameters of New Pension Scheme(NPS) to market their products. PFRDA...
by AIP Online Bureau | Sep 11, 2018 | Health, Indian News
Mumbai: Insurance regulator IRDAI Tuesday said it is in the process of moving towards the risk-based capital (RBC) regime to improve protection for policyholders. It last year had set up a 10-member steering committee to help implement the new...
