Global reinsurance outlook upgraded to “positive” on strong profit margins: AM Best
June 10 2024 by InsuranceAsia News
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Typhoon Gaemi to make landfall in mainland China after hitting Taiwan and the Philippines
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The storm, which landed near the city of Hualien that faced losses from an earthquake earlier this year, is believed to be the most powerful storm to hit Taiwan in eight years.
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Nepal air crash: 99.7% of estimated US$3m loss ceded out to foreign reinsurers
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The hull and liability cover were provided by a Nepalese carrier Prabhu Insurance and reinsured with a London-based carrier through facultative cover, IAN understands.
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BI claims in focus as carriers assess losses amid global tech outage
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The event could impact other lines beyond cyber including tech errors and omissions, D&O, and insurers may see liability and supply chain disruption claims.
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Global tech outage could see claims snowball but insurers ‘wait-and-watch’
- July 19
The impact on the industry will depend on the “waiting period” , however, there could be long-term BI and other complex claims.
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