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International

Reinsurers cushioned even as cat losses try budgets: S&P

18 October 2021

Very strong capital adequacy at global reinsurers continues to provide a cushion even as 2021 is likely to be the fifth year in a row of natural catastrophe losses at or above budget expectations, S&P Global Ratings says, including more than $US20 billion of COVID-related insured losses in the past 18 months...

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UK business interruption COVID payments climbing

18 October 2021

Final settlements for business interruption claims related to the COVID-19 pandemic in the UK have reached £766.6 million, the Financial Conduct Authority says in its monthly update...

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September a reminder to insurers of geologic, seismic risks: Aon

18 October 2021

A volcano in Spain and earthquakes in Australia and Greece in September are reminders to the insurance industry of geologic and seismic risks, Aon’s latest Global Catastrophe Recap report says...

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RIMS CEO to retire after convention next year

18 October 2021

Risk and Insurance Management Society CEO Mary Roth will retire after the US-based not-for-profit body holds its annual conference and exhibition in April next year in San Francisco...

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New guide showcases insurer role in net zero

18 October 2021

A new UK publication highlights how insurance is crucial to achieving net zero carbon emissions as the industry supports green innovation across multiple sectors and geographies...

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