Saudi Re earns gains of 5 times on initial investment in Probitas Holdings

Published on March 1, 2024
Saudi Re, the kingdom's locally-incorporated reinsurer, has announced an agreement with UK-headquartered insurance company Aviva Insurance to sell the former's entire 49.9% stake in Probitas Holdings
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Understanding likelihood of flood risks across portfolio vital, says JBA

March 1, 2024
Flood specialist JBA Risk Management has warned about the risks associated with the failure to use good quality data and sophisticated climate change intelligence to understand the impact of floods on physical assets that would impact investors’ portfolios negatively.The warning comes as companies and organisations prepare to meet new annual reporting standards from January 1st, 2024, under the In

Insurers ready to back battery storage sector despite concerns over failures: GCube

March 1, 2024
Despite concerns over the frequency of failures in the global Battery Energy Storage Systems (BESS) market, insurers are increasingly ready to support the sector, a new report reveals.The report, titled “Batteries Not Excluded: Getting the insurance market on board with BESS,” produced by GCube, a leading underwriter of renewable energy projects, highlights insurers’ optimism tempered by the need