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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