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  • Global: Swiss Re's net income jumps by 73% to US$727m

    Swiss Re has reported a 73% increase in group net income to $727m for 2019, although the group's property and casualty businesses were impacted by $2.7bn in large losses from natural catastrophes and man-made events, as well as by increased claims in US casualty.

    Asia | 20 Feb 2020
  • C-suites prime target for hackers

    News last month that Jeff Bezos' phone was hacked, allegedly in the course of a WhatsApp communication with Saudi Crown Prince Mohammed bin Salman, was disconcerting in so far as even the world's richest man and head of a tech giant like Amazon is no more immune to a digital breach as anyone.

    AIRPlus | 20 Feb 2020
  • Hackers are exploiting coronavirus fears

    Hackers are exploiting the fears about COVID-19 by sending malicious emails cloaked as warnings about the economic repercussions that could occur as the illness spreads.

    Asia Risk | 19 Feb 2020
  • Climate change could make insurance premiums unaffordable

    Climate change could make insurance premiums unaffordable, especially for customers exposed to extreme weather events. According to a press report by Reuters, Australia's QBE Insurance Group (QBE.AX) considers climate change a "material risk" for its operations across the globe.

    Asia Risk | 19 Feb 2020
  • Asia Pacific: Region sees increase in cross border M&A deals in 2019

    Asia Pacific saw the biggest upwards shift in terms of cross border deals in 2019, both inbound and outbound, according to global law firm Clyde & Co.

    Asia | 18 Feb 2020
  • Coronavirus: Outbreak dents optimism just as global economy showed signs of stabilisation-Moody's

    The coronavirus epidemic creates new risks to the prospects of an incipient stabilisation of global growth this year resulting from a truce in the US-China trade war and emerging signs of a pickup in the industrial sector, says Moody's Investors Service.

    Asia | 18 Feb 2020
  • Global: Reinsurance giant sees rising demand from energy sector for weather exposure cover

    Munich Re is seeing growing demand for weather exposure protection from energy companies and their customers as they roll out more renewable energy installations, which are prone to fluctuations, reported Reuters.

    Asia | 17 Feb 2020
  • Global: Insurers count event cancellation losses from coronavirus

    Losses to event cancellation insurers are already likely to be more than $100m, although not all event organisers buy epidemic cover, reported Reuters, citing Mr Tim Thornhill, director, sales in entertainment and sport at Lloyd's of London broker Tysers.

    Asia | 16 Feb 2020
  • Re/insurers & brokers complete complex placements on B3i's blockchain platform

    B3i Services, a two-year-old company owned by members of the insurance industry, says that 30 contracts of reinsurance have been concluded on its platform, including some of the world's most complex Catastrophe Excess of Loss (XoL) reinsurance treaties.

    Asia | 13 Feb 2020
  • Fatigue at sea and wearable technology

    Sleep and Fatigue Research (Safr) organisation which uses technology to monitor and manage crew fatigue has identified sleepiness and long-term fatigue to be the major factors impacting accidents at sea.

    Asia Risk | 12 Feb 2020

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