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Global tag returned 1235 results

  • Global: Reinsurers advise insurers to charge vapers higher premiums

    Global reinsurers are stepping up warnings to their life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether, reported Reuters.

    Agents | 05 Dec 2019
  • Asia Capital Re in run-off - acquired by Bermuda legacy reinsurer

    Bermuda-based Catalina has reached an in-principle agreement to acquire Singapore-headquartered reinsurer Asia Capital Re (ACR). The acquisition is expected to close in the first half of 2020, subject to regulatory and all other approvals.

    Asia | 05 Dec 2019
  • Global: SCOR launches new contingent capital facility

    SCOR has announced the launch of a new three-year contingent capital facility which takes the form of a contingent equity line, providing the Group with EUR300m ($332m) coverage in case of extreme natural catastrophe or life events impacting mortality. The facility enables the Group to protect its solvency in case of catastrophe events and is consistent with the "Quantum Leap" strategic plan.

    Asia | 05 Dec 2019
  • New female board director for multinational insurer

    Aviva has appointed Ms Amanda Blanc as an independent non-executive director of the company with effect from 2 January 2020. Ms Blanc, an experienced insurance professional, was previously AXA UK and Ireland CEO as well as Zurich Insurance Group EMEA and global banking partnerships CEO. She was also the first woman to be appointed as chair of the Association of British Insurers in 2018.

    Asia | 04 Dec 2019
  • Hong Kong: Industry body calls for IFRS17 to be postponed to 2023

    The Hong Kong Federation of Insurers (HKFI), a self-regulatory body for insurers, is urging the Hong Kong Institute of Certified Public Accountants to consider postponing the effective date of IFRS17 for local insurers to 1 January 2023.

    Asia | 04 Dec 2019
  • As Great Barrier Reef deteriorates, risk management is vital for building up resilience

    The condition of the Great Barrier Reef in Australia is so dire it should be insured for its economic value, according to a new report 'Great Barrier Reef Queensland, Australia.'

    Asia Risk | 04 Dec 2019
  • Chinese fear climate change the most and Americans the least

    The level of concern about climate change is perhaps the highest in China and the least in the United States with Europe in-between.

    Asia Risk | 04 Dec 2019
  • EBA sets out ICT and security risk management guidelines

    The European Banking Authority (EBA) published its final Guidelines on ICT and security risk management. These Guidelines establish requirements for credit institutions, investment firms and payment service providers (PSPs) on the mitigation and management of their information and communication technology (ICT) and security risks and aim to ensure a consistent and robust approach across the EU market.

    Asia Risk | 04 Dec 2019
  • Increased social unrest is testing the limits of political risk models

    A wave of social unrest across developing countries this year has caught many investors off-guard and is challenging models designed to gauge political risk for investors, prompting some to pull money out.

    Asia Risk | 04 Dec 2019
  • France to stress test banks and insurers' climate risks beginning 2020

    Banks and insurance companies in France will be subjected to climate change stress tests beginning 2020.

    Asia Risk | 04 Dec 2019

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