News Page 601 / 1051
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- July 23 2020
Swiss Re reveals H1 Covid-19 hit, completes ReAssure sale
Pandemic has cost around US$2.5bn in claims and reserves across P&C, L&H and Swiss Re CorSo.
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- July 23 2020
CBIRC delegates authority for majority of P&C insurers
Local authorities to become responsible for 64 P&C players.
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- July 23 2020
QBE expects US$750m first half loss
The global player has been hit hard by Covid-19 and nat cats but CEO Pat Regan remains positive.
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- July 22 2020
Indian insurtech shoots for US$3.5bn IPO valuation
More activity in the emerging market's digital scene, as CEO Dahiya taps "global interest."
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- July 22 2020
CBIRC urges insurers’ support for flood-hit regions
Direct economic losses have soared past US$12bn.
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- July 22 2020
Perils counts rising cost of Australia’s January hailstorms
Claims have increased to US$1.28bn according to the latest data.
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- July 21 2020
AM Best downgrades New India
The ratings agency also noted a worsening outlook for India's P&C players.
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- July 21 2020
Aviva wraps up US$324m Friends Provident deal
The deal has been pared down, and was originally expected to complete in 2018.
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- July 21 2020
HK’s financial regulators restate security bill commitment
Financial secretary Paul Chan urges regulators to clarify the law and reassure stakeholders.
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- July 20 2020
China seizes insurers linked to billionaire Xiao Jianhua
The Chinese state takes control of several firms linked to Xiao after discovering irregularities.
