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Insurance
In what could represent a significant fillip for the already fast growing insurance-linked securities market, China’s government has said it plans to explore the use of such tools as part of its first nation-wide blueprint for adapting to climate change. 11 December 2013
Insurance
Willis Group has designed and placed a derivative-based risk transfer solution, backed by Endurance Global Weather, to protect Roy Hill Holdings. Roy Hill, an emerging mining, rail and port venture, is now covered for cyclones and heavy rainfall delaying the construction of what will be the largest single-site iron ore mining operation in Australia. 4 December 2013
News
Hong Kong-based reinsurer, Peak Re, has appointed Cathy Chen as chief financial officer. 28 November 2013
News
Despite total economic losses estimated between $6.5 and $14.5 billion, Typhoon Haiyan will have little or no impact on renewals or reinsurance uptake in the region. That is the opinion of Malcolm Steingold, CEO of Aon Benfield for Asia Pacific, Matt FitzGerald, managing director, reinsurance, Arthur J. Gallagher and James Vickers, chairman of Willis Re International, who echoed similar views. 27 November 2013
Insurance
Swiss Re has entered into a transaction with Zurich Insurance Company to acquire a 4.9 percent stake in New China Life Insurance Company. 21 November 2013
Insurance
Losses from Typhoon Haiyan in the Philippines could be between $500 and $700 according to Willis Re. 20 November 2013
Insurance
Ironshore Australia has entered the fine art, specie and cargo insurance sectors in Australia through the creation of a new marine unit. 15 November 2013
Insurance
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to broker Willis. 13 November 2013
News
Typhoon Haiyan, the deadly typhoon that wreaked havoc in the Philippines, tops the list of the most powerful typhoons ever recorded but, despite the deviation, is unlikely to be among the top ten deadliest storms, according to a note by Swiss Re. 13 November 2013
News
Impact Forecasting, the catastrophe model development centre of excellence at Aon Benfield, has launched a tool to understand the financial impact of riots by developing an analysis of the threat within Indonesia. 6 November 2013
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