LA Fires Push Insurers’ 2025 Disaster Losses to $107 Billion
The global toll estimated by Swiss Re is lower than last year’s, due to a quiet US hurricane season. www.bloomberg.com #Fires #Push #Insurers…
Tag: Insurers
FCA confirms rule simplification for insurers to reduce expenses
The UK’s Financial Conduct Authority (FCA) has confirmed changes aimed at simplifying its insurance rules and reducing expenses for insurers,…
HK Insurers May Face Record Claims From Deadly Fire
Hong Kong is mourning the victims of the residential tower fire that left at least 146 people dead. Bloomberg Intelligence…
Taiwan Insurers Set for Record US Dollar Bond Sales to Curb Risk
Taiwan’s life insurers are issuing US dollar bonds at a record pace to build capital buffers and help them avoid…
FSB adds three Swiss insurers and one Dutch insurer to resolution plan list
The Financial Stability Board (FSB), which coordinates financial regulations for the G20 economies, has added Zurich Insurance, Swiss Re and…
Insurers Have a New Way to Make Money From Climate Risk
Companies aren’t just paying insurers to backstop them if a disaster strikes, they’re shelling out consulting fees to help prevent…
Taiwan Insurers Seek $2.9 Billion Relief With Accounting Change
Taiwan’s life insurers proposed changes to accounting rules that will cut annual hedging costs by NT$90 billion ($2.9 billion) and…
Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion
The wreckage caused by Hurricane Melissa in Jamaica is expected to cost insurers $1 billion to $3 billion, according to…
Taiwan Urges Insurers to Give Local Firms Billions in Mandates
Taiwan is calling on its asset-rich life insurers to give billions of investment mandates to domestic money managers in a…
IRDAI mandates insurers to adopt zero-tolerance anti-fraud policy
The Insurance Regulatory and Development Authority of India (IRDAI) has issued directives to insurance companies, emphasising the need for a…