Insurance Roundup, July 21, 2017


Global Risk Insights

  • Whose line is it anyway? The growing threat of China’s maritime presence

    by Joanna Eva on 2017-07-20 at 12:00China’s increasing military and maritime presence in Djibouti is causing a stir, as its search for resources puts pressure on political stability globally. The post Whose line is it anyway? The growing threat of China’s maritime presence appeared first on Global Risk Insights. […]

  • Sikkim and the Silk Road: Is China making a move on India?

    by Joanna Eva on 2017-07-18 at 12:00The Belt and Road initiative continues to cause tension between India and China, as China builds closer ties with India’s neighbours on all sides. The post Sikkim and the Silk Road: Is China making a move on India? appeared first on Global Risk Insights. […]

  • The Week Ahead

    by Global Risk Insights on 2017-07-17 at 03:25Eyes on China and US data. The ECB and Bank of Japan talk rates. California votes on cap and trade. Investments in Iran safe for now. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]

  • Why is the international community not intervening in Venezuela?

    by Luis E. Juvinao Navarro on 2017-07-16 at 12:00External intervention in Venezuela is not on the table and the international community favours an internal solution, regardless of how difficult it may be. The post Why is the international community not intervening in Venezuela? appeared first on Global Risk Insights. […]

  • The Japan-EU Trade Agreement: Pushing back against protectionism

    by Peter Hays on 2017-07-15 at 14:42Japan and the EU have agreed to a trade deal that will eliminate the vast majority of both tariff and non-tariff barriers. The post The Japan-EU Trade Agreement: Pushing back against protectionism appeared first on Global Risk Insights. […]

Claims Journal

  • Hazard Mitigation Program Aims to Strengthen Louisiana Against Storms

    on 2017-07-21 at 10:00Louisiana will spend nearly $277 million in federal cash it received after last year’s floods to fortify communities against future disasters, mainly through drainage improvements and buyouts of flood-prone properties. Gov. John Bel Edwards is traveling the state to announce … […]

  • Some Determined to Stay Even as Florida Sinkhole Grows Wider

    on 2017-07-21 at 09:51The Florida sinkhole that swallowed two homes last week isn’t getting any deeper, but it’s getting wider, officials said Wednesday – and one resident who’s back home after being evacuated is vowing to stay unless the hole consumes her house. … […]

  • No Real Rule on How Hot is too Hot on a Plane

    on 2017-07-21 at 09:41Every day, tens of thousands of U.S. airline passengers settle into their seats, lower the window shades and reach up to twist the air vents without the benefit of something that might do even more to keep them cool: a … […]

  • Bill Approved to Boost Autonomous Car Testing

    on 2017-07-21 at 09:24A House panel on Wednesday backed legislation designed to allow automakers to increase the testing of self-driving cars on U.S. roads. The bill would let automakers deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards, a move … […]

  • Volunteers Come to Aid Louisiana Flood Victims With Homes in Disrepair

    on 2017-07-21 at 09:12Robert Wilbourn watched a small army of mostly teenagers tear away rotted siding from his house one day last week and called it “amazing.” Without assistance, he’s been unable to repair his South Alexandria, La.,chome left in bad shape by … […]

Insurance Journal

  • Castel Specialty Launches Global Construction Business

    on 2017-07-21 at 09:39Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a club-style MGA formation platform, which supports individual underwriters with […]

  • Hannover Re Completes Purchase of Lloyd’s Business Argenta

    on 2017-07-21 at 09:10Hannover Re has completed the acquisition of the UK holding company Argenta Holdings Ltd., which owns the companies Argenta Syndicate Management and Argenta Private Capital, as well as a pro rata share of the Lloyd’s syndicate Argenta Syndicate 2121. The … […]

  • Neon Appoints Argo’s Gibson as Reinsurance & Alternative Capital Director

    on 2017-07-21 at 08:29Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin. Gibson is responsible for developing Neon’s outwards reinsurance program and third party capital strategy. With 30 years’ experience in the sector, … […]

  • Cyber Attack on Ukrainian Medical Facilities Sets ‘Dangerous’ Precedent: Experts

    by L.S. Howard on 2017-07-21 at 08:01Dr. Lidiia Podkopaieva was about to click “send” on an order of new surgical instruments when her computer monitor suddenly went dark. She speed-dialed the clinic’s technician but didn’t even have time to tell him what was wrong. “We’re under cyber … […]

  • British Columbia Wildfires Continue to Rage, Torching 1,235-Plus Square Miles

    by L.S. Howard on 2017-07-21 at 07:34British Columbia is extending a state of emergency for two more weeks as wildfires sweeping across the province’s interior show no sign of slowing. Premier John Horgan said Wednesday that his government’s first priority is to support the more than 45,000 people … […]

Asia Insurance Review

  • Japan: Life insurers seen as crucial to regional bank reform bid

    on 2017-07-21 at 18:17Life insurers are being swayed to back efforts by the Financial Services Agency (FSA) to reform regional banks of which the insurers are often top shareholders. […]

  • India: States urged to form their own crop insurers

    on 2017-07-21 at 18:17The Indian central government has asked state governments to set up their own insurance companies for better implementation of the crop insurance scheme, Pradhan Mantri Fasal Bima Yojna (PMFBY). […]

  • Indonesia: Reinsurance business forecast to become more profitable

    on 2017-07-21 at 18:17The profitability of reinsurance business in Indonesia is expected to increase following more efficient underwriting practices and increased reliance on underwriting activity, Fitch Ratings says in a new report titled “Indonesian Reinsurance Dashboard 2017”. […]

  • NZ: Central bank studies IMF financial system recommendations

    on 2017-07-21 at 18:17The Reserve Bank of New Zealand (RBNZ), which oversees the country’s financial system including the insurance sector, is considering recommendations made in an International Monetary Fund review that will help improve insurance and other financial supervision. […]

  • China: Yangtze flood is world’s costliest natural disaster in 1H

    on 2017-07-21 at 18:17The costliest natural disaster in the world during the first half of 2017 was a multiweek flood event from mid-June into early July across China’s Yangtze River basin that left more than 410,000 homes damaged or destroyed, vast swathes of cropland submerged, and damaged infrastructure, according to […]

Canadian Underwriter

  • Pitch Perfected

    by Canadian Underwriter on 2017-07-20 at 21:23Reinsurance pricing has hit a low note. Global conditions continue to put downward pressure on rates, but forces are in place that could foster more effective and efficient response. Will innovation and partnerships both within and outside the industry allow reinsurers to hit a higher note in […]

  • Wildfires prompt evacuations on outskirts of Penticton, B.C.

    by Canadian Underwriter on 2017-07-20 at 21:03PENTICTON, B.C. – Residents of a rural area on the outskirts of Penticton, B.C., on Thursday joined the more than 45,000 people in British Columbia who have fled their homes due to fast-moving fires. The blaze broke out around 9… The post Wildfires prompt evacuations on outskirts of […]

  • Loss ratio deteriorates 6.1 points for Saskatchewan Auto Fund

    by Canadian Underwriter on 2017-07-20 at 20:33Saskatchewan’s Auto Fund reported Thursday a loss ratio of 86.5% for the year ending March 31, 2017, up 6.1 points from 80.4% during the same period a year earlier, while the head of Saskatchewan Government Insurance suggested that with the… The post Loss ratio deteriorates 6.1 points for […]

  • July 2017

    by Lori Thompson-Reid on 2017-07-20 at 18:50Click here to download the July 2017 Digital Edition The post July 2017 appeared first on Canadian Underwriter. […]

  • Join FIRST Canada and IMUA for the July rooftop edition of Broker Bash

    by FIRST Insurance Funding of Canada on 2017-07-20 at 18:01Toronto, July 20, 2017 – FIRST Insurance Funding of Canada (FIRST Canada) has partnered with the Inland Marine Underwriters Association (IMUA) to bring you a summer rooftop edition of Broker Bash on July 27 at 5 p.m. FIRST Canada and… The post Join FIRST Canada and IMUA for the July […]

Canadian Insurance Top Broker

Insurance Business Magazine – US


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