Australia’s insurers mobilise Covid-19 responses
March 26 2020 by Yvonne Lau
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China revises emergency response law to alleviate nat cat shocks
- June 30
The revised law calls for the establishment of a nat cat risk insurance system based on market principles, and instruct local governments to take out personal accident insurance for rescue teams.
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Union Insurance’s capital restored to pre-Covid levels: AM Best
- May 30
AM Best affirmed its financial strength rating of "A-" (excellent) with a stable outlook, citing a very strong balance sheet and adequate operating performance.
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AM Best removes Fubon Insurance from “under review” on recovery from Covid-19 losses
- February 6
The rating agency has removed the carrier from "under review with negative implications", but assigned "negative" outlook due to its exposure to reinsurer credit risk.
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Vietnam’s PTI sees rising loss ratio on health and motor lines: AM Best
- January 26
AM Best has affirmed an insurer rating of B++ (good) for the company with a negative outlook due to its recent capital erosion.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
