emerging markets News

Emerging Markets to Drive Insurance Sector Growth in 2017: Swiss Re

The global economy is expected to grow moderately over the next two years, supporting continued growth in insurance premium volumes, according to a Swiss Re report. Growth in global non-life premiums is forecast to fall slightly from 2.4 percent in …

XL Catlin Opens 2nd Mexico Office; Matthey Named Client Distribution Leader

XL Catlin has opened a second office in Mexico, located in Monterrey, and appointed Carlos Matthey as client distribution leader in that location. Monterrey is the capital of the state of Nuevo León, which has an economy comparable to that …

Swiss Re Corporate Solutions & Bradesco Seguros Agree to Form Brazilian Large-Risk Insurer

Swiss Re Corporate Solutions Ltd. and Rio de Janeiro-based Bradesco Seguros S.A.* have signed definitive agreements under which Bradesco Seguros will contribute its commercial large-risk portfolio to Swiss Re Corporate Solutions Brasil Seguros S.A. (SRCSB). The agreements include SRCSB’s exclusive …

Emerging Markets to See Strong Non-Life Premium Growth in Years Ahead: JLT Re

Despite recent slowdowns, emerging economies are expected to outperform advanced markets over the next five years, according to a report published by JLT Re. The emerging economies examined in the JLT Re study are also expected to gain an increasing …

Emerging Markets’ Claims Expected to Hit Coface’s 2016 Profit

Coface SA, a French export-credit insurer, warned Monday that higher-than-expected claims by companies trading with emerging markets may cut its 2016 annual profit. The Paris-based company also cited longer collection times in emerging regions, it said in a statement after …

Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re

Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma report. However, in nominal US dollar …

Swiss Re’s List of Emerging Risks Range from Blockchain Tech to Human Cyborgs

A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three, the reinsurance giant covers everything from human-induced …

International Insurers Still Reluctant to Provide Cover for Iran Oil Cargoes

Oil companies looking to steal a jump on rivals in the race to benefit from Iran’s emergence from Western sanctions risk having tankers left in limbo by international insurers’ continued reluctance to provide cover. While companies jockey for position after …

Gasoline Imports Easier to Insure than Crude Exports in Post-Sanctions Iran

Major oil firms and trade houses are gradually resuming energy trading with Iran but efforts remain very cautious and often face huge legal obstacles, meaning a post-sanctions return to full-scale activity will take weeks if not months. Trading sources told …

Insurance Placement Difficulties Delay Iranian Crude Exports to Europe

Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said on Tuesday. A nuclear deal between world powers and Iran earlier this month …