Maersk has the largest exposure out of all shipping companies to a slowdown in the Chinese economy with $27bn dollar exposure according to analysis conducted by Russell Group.
Fitch Ratings has revised the sector outlook for the underlying fundamentals of the non-life insurance industry in APAC region to negative from stable due to the impact of COVID-19.
Fitch Ratings has revised its outlook for the underlying fundamentals (sector outlook) of the global reinsurance sector to negative from stable. The sector outlook revision is due to increased concerns over COVID-19, the disease caused by the coronavirus, and related impacts on the credit quality...
A survey of 60 insurance executives conducted by the actuarial firm Finity has found that 62% of the participants believed their organisations were 'a long way behind' the best practices and a further 21% said they were 'doing nothing effective in this area.'