Catastrophe

AIG CEO Zaffino on Method to Disaster Losses in At the moment’s Reinsurance Market – Tech Cyber Web

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AIG CEO Zaffino on Method to Disaster Losses in At the moment’s Reinsurance Market – Tech Cyber Web

American Worldwide Group CEO Peter Zaffino mentioned he expects the reinsurance market to stay above losses generated by the frequency and severity of pure catastrophes. Losses will as an alternative proceed to be absorbed by major insurance coverage corporations, he instructed analysts throughout an earnings name Tuesday. “Regardless of the robust capital place of the … Read more

Business should deal with European disaster loss creep situation: Swiss Re – Tech Cyber Internet

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Business should deal with European disaster loss creep situation: Swiss Re – Tech Cyber Internet

International reinsurance large Swiss Re has known as for an {industry} deal with the problem of loss creep after pure disaster occasions in Europe, saying it’s an “industry-wide phenomenon”, that exhibits the necessity for extra up-to-date insured values for use and for higher data move alongside the market chain.Writing in a paper, Rita Müller, Head … Read more

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