Ping An Insurance Profit Falls 31.2% as Returns, Premiums Shrink October 27, 2021 SHANGHAI/BEIJING — Ping An Insurance Group Co of China Ltd., the country’s largest insurer by market value, posted a 31.2%...
Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best October 27, 2021 Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies...
Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso October 27, 2021 MEXICO CITY – Mexican billionaire Carlos Slim’s Grupo Carso said the cost of repairing a collapsed section of a Mexico...
Insurance Industry Told to Expect Global Average Annual Disaster Loss of $106B: AIR October 26, 2021 By L.S. Howard The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a...
Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh October 26, 2021 Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded...
UK Financial Regulator Raises No Objection to Bain’s Acquisition of Insurer LV= October 26, 2021 By Huw Jones Britain’s financial watchdog said on Tuesday it won’t stop insurer LV= from proceeding with the disputed sale of its pensions...
Reinsurance Price Increases Support Improving Outlook for Sector: Fitch October 26, 2021 Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and...
Parametric Insurer CCRIF Strengthens Belize Warning Systems for Extreme Weather October 26, 2021 Parametric catastrophe insurer CCRIF continues to strengthen Belize’s early warning systems for rainfall and climate forecasting with a new grant...
Australian Publisher Urges Government to Compel Facebook to Negotiate Content Deal October 26, 2021 By Byron Kaye SYDNEY – A small Australian publisher is calling for the government to enforce a new law to compel Facebook Inc...
Southern Ontario Storms in September Cause Insured Damages of C$105M October 26, 2021 Storms that hit southern Ontario on Sept. 7 and Sept. 22 caused C$105 million (US$84.9 million) in insured damage, according...