Industry Segments: Pandemic Page 8 / 15
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- January 22 2021
UK BI decision ‘manageable’ despite new precedent: Moody’s
The UK Supreme Court ruling could have implications beyond the current pandemic.
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- January 21 2021
Thailand’s P&C market to hit US$9.4bn by 2024: report
The sector’s CAGR is expected to be 2.4% over the next three years.
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- January 19 2021
Cyber tops Asia Pacific 2021 business risk list: Allianz
Covid-19 and business interruption were the other top concerns across the region.
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- January 6 2021
Singapore insurtech GoBear shutters doors
An inability to raise new funds amid Covid-19 cited as the reason for the closure.
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- December 21 2020
Suncorp confident on reserving after ‘favourable’ BI ruling
Complex ruling comes as Australia's High Court considers another wide-ranging Covid-19 case.
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- December 18 2020
ICA High Court appeal puts BI claims at US$7.5bn
IAG, QBE and Suncorp are all facing significant claims if NSW court ruling is upheld.
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- December 18 2020
QBE’s shares dive on US$1.5bn FY loss warning
ASX-listed global P&C player hit hard by Covid-19, nat cats and North America write-downs.
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- December 15 2020
Macau casino group receives US$13m Covid-19 BI claim
Sources told InsuranceAsia News 18 (re)insurers paid out for a pandemic-related business interruption claim.
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- December 14 2020
Australia BI claims unlikely to have Asia domino effect
Many (re)insurers withdrew coverage due to large claims after the SARS outbreak.
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- December 9 2020
Munich Re to stop pandemic event cancellation cover
German giant unveils 2025 vision after being hit hard by Covid P&C losses including the Tokyo Olympics.
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- December 8 2020
Australian insurers to appeal adverse BI decision
Insurance Council of Australia to challenge NSW ruling on Covid-19 claims in the High Court.
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- December 3 2020
Anbang loses US court case over failed US$5.8bn hotel deal
South Korea’s Mirae Asset Daewoo walked away saying key conditions not met.
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- December 3 2020
Swiss Re’s Higginbotham: Partnerships are key
Asia reinsurance CEO on renewals, Covid-19, digital and management.
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- November 27 2020
Aussie BI losses to strain reinsurance relationships
Continued uncertainty around the ultimate loss and the nature of claims weighs on sector.
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- November 23 2020
IAG looks to raise US$550m to stem BI claim blow
The shares are being issued at a 7.5% discount.
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- November 20 2020
IAG most exposed after adverse BI ruling
Higher business interruption claims expected after surprise unanimous court verdict.
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- November 19 2020
Marsh’s Rohan Bhappu on advice, exclusions, pricing and risk transfer
Broker's Hong Kong and Macau chief executive shares insights on navigating recent turbulence.
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- November 17 2020
Reinsurers’ Covid losses slow, demand in Asia grows: Fitch
Sector to benefit from growing risk appetite, higher prices and stricter policy terms.
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- November 17 2020
Asia’s cargo market in spotlight as vaccine breakthroughs hailed
(Re)insurers and brokers are examining aviation rules and liability limits for the huge operation.
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- November 16 2020
Postponed Tokyo Olympics has significant digital risks
After the 2020 games were pushed back due to Covid-19, cyber and reputational risks are set to ramp up.
