News
Insurance
Insurers have a critical role to play in helping to support the transition to a low carbon world through sustainable investments and through insuring renewable energy and energy efficient homes, said Matt Cullen, head of strategy at the Association of British Insurers (ABI). 15 December 2015
Insurance
Rating agency Standard & Poor’s (S&P) will pay $77 million to the Securities and Exchange Commission (SEC) to settle three cases involving fraudulent misconduct. 27 January 2015
Alternative Risk Transfer
As the size of its economy grows, Russia is increasingly vulnerable to the devastating effects of a big catastrophe hitting the country. To manage these growing risks, the country’s governments and insurers should consider the many advantages of using insurance-linked securities, say Kirill Savrassov of Phoenix CRetro, Clive O’Connell of McCarthy Denning, and Rom Aviv of IBI ILS Partners. 27 July 2017
Insurance
The acting chief executive of Asia Capital Re (ACR) has confirmed that the company has made a joint decision with Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings to terminate its $1 billion sale—but he stressed that it is business as normal for the reinsurer. 1 November 2017
Insurance
Sri Lankan non-life insurers should be able to absorb near-term volatility and the effects of adverse weather-related events given their extensive use of reinsurance, Fitch Ratings said in a report called Reinsurance Keeps Sri Lankan Insurers Afloat Amid Floods. 1 November 2017
News
The impact of flood risk keeps rising, affecting more people worldwide than any other type of natural disaster. As flood models improve, the industry has a big opportunity to make a tangible difference to society—but collaboration and teamwork will be key, says Edouard Schmid at Swiss Re. 19 September 2018
Insurance
Genworth Financial, the US financial services company with substantial insurance operations, has become the latest insurer to be acquired by investors from Asia. It has been acquired by China Oceanwide for approximately $2.7 billion. 25 October 2016
Insurance
Chubb Global Markets (CGM), the London-based wholesale insurance division of Chubb, has announced leadership appointments in its marine team. 8 February 2016
Insurance
US insurer WR Berkley has established a presence in Colombia with the formation of a company aimed at providing commercial insurance products. 7 July 2015
Insurance
Although earthquake risk in Japan is relatively well understood and the industry performed well in the aftermath of the last big quake to hit the country, in 2011, more must be done to tackle the protection gap (the difference between the economic loss and the insured loss) and the extent to which insurance is used to protect certain risks. 30 October 2017
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