Archives for September 23, 2020
India moves to set up $10.2bn pandemic risk pool
India’s re/nsurance sector regulator, the Insurance Regulatory and Development Authority (IRDAI), has suggested setting up a pandemic risk pool with a Rs 75,000 crore (USD billion) backstop guarantee…
Severe weather cost re/insurers $5bn in August: Jefferies
By : Katie Baker _____Financial services company Jefferies has released a catastrophe loss model update, which estimates that severe weather cost insurers $5 billion in the month of August…
AM Best forecasts downturn in Caribbean insurance growth
By Matt Sheehan _____AM Best has forecast that Caribbean property and casualty (P&C) insurers could see a reversal of their recent positive growth trends due to the socioeconomic…
Sovereign Trust Insurance Posts N10.8bn GPW, holds AGM October 22, 2020
Sovereign Trust Insurance Plc, having been granted approvals for its 2019 annual reports and accounts by the National Insurance Commission (NAICOM) and the Nigerian Stock Exchange (NSE) respectively, has…