Saudi Arabia: Govt introduces insurance initiative to enhance sustainability of agriculture and animal husbandry

Published on July 1, 2024
The Saudi government has launched the Cooperative Insurance Initiative to mitigate losses caused by plant pests and animal diseases in the agricultural industry.
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PERILS raises industry loss for 2023 Australia Christmas storms to AU$1.6bn

July 1, 2024
Zurich-based catastrophe insurance data provider PERILS AG, has provided a third update on the insured loss estimate for the Australia Christmas storms which impacted the states of Victoria, New South Wales, and Queensland during the period of 23 to 29 December 2023, lifting the figure to AU$1.563 billion (US$1.04 billion).In February, PERILS disclosed its initial industry loss estimate for the st

Reinsurance market now balanced, sellers holding the line on retentions: Vickers, Gallagher Re

July 1, 2024
The reinsurance market was fairly stable heading into the July 1st, 2024, renewals, and is now more balanced than it was a year ago, although reinsurers are holding the line on retentions, according to James Vickers, Chairman, Gallagher Re International.Reinsurance News spoke with Vickers around the launch of reinsurance broker Gallagher Re’s 1st View report, to hear his thoughts on market dynamic