International & Reinsurance News

Flexible Work Could Boost Applications from Women for Senior Roles by 20%: Zurich

Employers that embrace flexible working after the COVID-19 pandemic could boost applications from women for top jobs by as much as 20%, according to a study by Zurich Insurance. Between March 2019 and February this year, Zurich’s UK subsidiary gained …

Is the Aviation Insurance Market Ready for a COVID-19 Vaccine?

As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry will need to turn its attention to how the product can be safely and efficiently distributed. Recent figures from the International Air …

Swiss Re Names Kitsikis as Head of Client Markets P&C for Canada, English Caribbean

Swiss Re announced the appointment of Agis Kitsikis as head of Client Markets P&C for Canada and English Caribbean, effective immediately. Kitsikis succeeds Stefan Behr, who recently accepted the position as Swiss Re’s head of Business Development for EMEA. In …

Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020

The world’s 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in 2020 compared to 2019 because of COVID-19, according to a new Insurance Information Institute (Triple-I) report. “All things being equal, …

Most Powerful Atlantic Hurricane of 2020 Hits Central America

Hurricane Iota slammed into Central America late Monday with ferocious winds and rain, threatening to cripple a region already reeling from a deadly storm two weeks ago. Iota, the most powerful Atlantic hurricane in a record-setting season, is moving along …

Canada’s Banks, Insurers to Participate in Pilot Climate Risk Project

Some of Canada’s largest banks and insurers are set to participate in a pilot project to better understand the risks to the financial system from the transition to a low-carbon economy, Canada’s central bank and financial regulator said on Monday. …

World Encouraged by Moderna, Pfizer Vaccines’ Success in Trials

Moderna Inc.’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report results that far exceed expectations. Together with Pfizer Inc.’s vaccine, …

3 Typhoons in 3 Weeks Kill 100-Plus People in Philippines, Causing Damages of $518.5M

Three strong typhoons over the past three weeks have killed more than 100 people in the Philippines and damaged farms and infrastructure worth almost 25 billion pesos ($518.5 million), based on reports from its disaster agency. A number of provinces …

Insurers Tell UK Supreme Court They Cannot Provide Unlimited Cover During Pandemic

Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic were not eligible for business interruption payouts and to suggest differently was “reverse engineering.” On the first day of a …

Update: Hurricane Iota Threatens Honduras, Nicaragua, Just Days After Storm Eta

Hurricane Iota is set to slam into Central America Monday as the Atlantic’s strongest storm of the year, bringing catastrophic winds and torrential rain to a region still reeling from a storm two weeks ago. It will hit near the …

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