China, the US and India rank top in insurance potential

Data from MAPFRE Economics reveals that these countries have the highest insurance potential, both in the Life and Non-Life lines, in the medium- and long-term

Lastminute.com ordered to refund over 9,000 holidaymakers

Following complaints from unsatisfied customers, Lastminute.com has been ordered to pay £7 million in refunds to travellers that had package trips cancelled due to Covid

Losses for Munich Re in 2020

Munich Re’s reinsurance operation is due to face €3.4 billion of Covid-19 losses this year. The company estimates its overall profit forecast will be down €1.5 billion from last year’s

AXA sheds Gulf insurance operations

Global insurer AXA has entered into an agreement with Gulf Insurance Group (GIG) to sell its holdings in the Gulf region in an effort to ‘simplify’ its operations

Government-backed re-insurance put on hold

A proposal to create a government-backed pandemic insurance scheme Pandemic Re in Britain has been put on the back burner; meanwhile, insurers across the world are asking governments for help

RSA takeover to split the business in two

Two overseas buyers are due to takeover the 300-year-old insurer in a £7.2-billion deal