Unemployment is the main concern for business executives globally, followed by infectious diseases that jumped 28 spots to emerge as the second-most recurring risk, according to the World Economic Forum's (WEF) interactive map on 'Regional Risks for Doing Business 2020'.
Fitch Ratings has removed Lloyd's of London (Lloyd's), Lloyd's Insurance Company (China) and Lloyd's Insurance Company from Rating Watch Negative (RWN).
New Dawn Risk Group, the international specialist insurance intermediary, is entering into a partnership with Singapore-based SpecialistRe, to strengthen its reach and offering across China, Japan and South-East Asia.
As insurers move away from insuring independent film and television productions against the risk of COVID-19 pandemic, the supply of new entertainment in 2021 may be curtailed.
Lockton Insurance Brokers UAE has appointment Mr Faris Khatib as its new CEO. Mr Khatib will provide executive leadership to Lockton MENA Limited's subsidiary in the UAE.
Markel International will cease to write personal accident (covering athletes) and contingency insurance (covering event cancellation or postponement) effective immediately following a strategic review, the specialist insurer said in a statement. The move will also apply to its portfolio across Asia.
General (re)insurance broker Pana Harrison (Asia) has announced that the Monetary Authority of Singapore has approved Mitsui & Co's investment in the firm. Mitsui is effectively an equity shareholder of Pana Harrison on completion of the transaction.
Asuransi Jasa Indonesia (Jasindo) is ready to assist in the claims process for the launch and in-flight insurance of the Palapa N1 Nusantara Dua Satellite, owned by client Palapa Satelit Nusa Sejahtera (PSNS).
Overall, the Chinese upstream insurance business remains profitable, according to Su Ke, deputy head of the Energy Department of Willis Towers Watson (WTW) CRB China.
If the current decline in world oil prices continues, it will affect the energy insurance business, according to the chairman of the Indonesian General Insurance Association (AAUI), Mr Hastanto Sri Margi Widodo.