News in brief: GFIA president, Aon adding climate to cat models, and more

Reinsurers' Covid-19 losses begin to fade


Alternative reinsurance capital issuance stalls

Fitch Ratings estimates little growth for the rest of this year and into 2021


Covid-19 claims fall short of forecasts... so far

Cintia Cheong investigates why claims related to the pandemic have failed to live up to forecasts in the early part of this year


Unipol issues €750m, 10-year green bond

International buyers bought up most of the notes


Pension superfunds "not a competing proposition", says L&G

The pension risk transfer market and investment solutions put insurers in a strong position to manage defined-benefit pension liabilities, L&G's head of pricing and execution Pretty Sagoo tells Cintia Cheong


North American re/insurers report $2.2bn in pandemic losses

Fitch's estimate is much lower than Lloyd's $13bn global loss tally, but could increase


South Korean insurers' earnings take a 38% hit in Q1

Fitch warns of further headaches for South Korean and Thai industries


Fitch turned negative on 30% of insurers during pandemic

Asset stress caused the vast majority of negative actions


HSBC to take full ownership of Chinese life JV

Move facilitates more involvement in Greater Bay Area, says group CEO


Chinese business cover for Covid-19 risks insurers' underwriting stability

Fitch Ratings warns there is limited data available to actuarially price the products