All News articles – Page 101
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NewsTakeaways from the 2020 Atlantic Hurricane season
A warming climate meant hurricanes were more intense and more property was at risk - FM Global
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NewsLilly and UnitedHealth launch trial of COVID-19 antibody
Drugmaker Eli Lilly and Co and insurer UnitedHealth Group on Friday said they have partnered to conduct a study of Lilly’s COVID-19 antibody treatment bamlanivimab in high-risk Medicare patients.
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NewsSpecial Report: Riding the Cycle
This special report, in partnership with the Dubai International Financial Centre, includes the highlights a roundtable debate hosted virtually by Global Reinsurance in October 2020 and the results of research conducted during September 2020.
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NewsContingent BI fallout presents opportunities for new products – Swiss Re
Property and casualty market head says this could be ‘a very valuable product’ moving forward
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NewsLondon market startup Inigo received launch go-ahead
New London insurance group Inigo has received approval in principle from the Corporation of Lloyd’s and will start underwriting for 2021.
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NewsAM Best places credit ratings of GIG under review with developing implications
The under review with developing implications status reflects AM Best’s uncertainty over the group’s post-acquisition risk-adjusted capitalisation, leverage and liquidity.
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NewsAustralia’s Westpac sells general insurance unit to Allianz for $535 million
The transaction is the latest in a series of sales of underperforming insurance assets by the country’s Big Four banks, as lenders re-focus on local core operations, after a series of scandals ramped up regulatory scrutiny on the sector.
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NewsCoal is increasingly uninsurable in 2020, but industry fails to act on oil and gas
U.S. and Asian insurers, along with Lloyd’s market, fail to act
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NewsAXA ‘very well positioned’ post-Covid as it works towards 2023 strategy
AXA has revealed that it is “well positioned” for growth post Covid-19, catering to the new insurance needs of customers and society, its chief executive Thomas Buberl said.
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NewsCore Specialty announces completion of Starstone U.S. recapitalisation
Core Specialty announced today that it has completed the recapitalisation of StarStone U.S.. The recapitalisation was led by ’the investors’ - SkyKnight, Dragoneer Aquiline.
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NewsMunich Re announces profit target of €2.8bn for 2021; Profit outlook of €1.2bn for 2020
The Group expects financial consequences from COVID-19 next year as well, but on a considerably smaller scale than in 2020.
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NewsOman Insurance gains double-digit in third-quarter 2020 net profit, to Dh160.2m
Oman Insurance has maintained its gross premium numbers during this difficult phase for the wider economy.
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NewsBest: Europe’s Captive segment poised for growth amid hardening Insurance conditions
Commercial insurance rate increases are expected to drive an uptick in new captive formations and greater utilisation of existing captives in Europe, according to a new AM Best report.
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NewsU.S. insurers dig into corporate diversity practices as lawsuits pile up
U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said.
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NewsAviva completes sale of majority shareholding in Aviva Singapore
As stated in the Q3 announcement, the cash proceeds will be used to support Aviva’s debt reduction target.
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NewsSwiss Re to create new fund for institutional and designated professional investors to access natural catastrophe business
With this approval, the company will manage a standalone fund company, 1863 Fund Ltd, which will allow investors a new avenue to access Swiss Re’s natural catastrophe business.
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NewsInsurer calls on government to extend trade credit insurance amid alleged ‘Topshop collapse’
An estimated £250m worth of unrecoverable invoices owed to suppliers could go unpaid
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NewsSCOR: Why Cat Bonds remain attractive, despite the high number of natural catastrophes
The 2020 Atlantic hurricane season is coming to an end. With 28 named storms, 12 of which developed into hurricane status, 2020 is now tied with 2005 for the highest number of storms in a single season.
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NewsAXA to sell Gulf operations for $269 million to GIG
AXA, Europe’s second biggest insurer, has agreed to sell its insurance operations in the Gulf region to Gulf Insurance Group (GIG) for $269 million, AXA said on Monday.
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NewsVienna Insurance buys Aegon’s Central and Eastern European business
Vienna Insurance Group will buy Dutch insurer Aegon’s Central and Eastern European business for 830 million euros ($993 million), cementing Vienna’s regional lead and raising cash for Aegon to cope with the coronavirus crisis.
