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Swiss Re expects P&C Re underwriting performance to improve in 2021

Swiss Re expects P&C Re underwriting performance to improve in 2021
Reinsurance is witnessing rapid development in emerging countries, owing to increase in awareness about insurance among people and surge in economic expansion of the countries.  In addition, surge in reinsurance developing nations positively impact the economic growth of the country. For instance, according to Swiss RE Group, the emerging countries across the globe will contribute more than 40% of the total economic growth over the next decade.
The Reinsurance market report talks about the competitive scenario among the industry players and imparts aspiring and emerging industry players with the future market insights in a detailed manner. This market report includes crucial data and figures which are structured out in a concise yet understandable manner. The research report covers the updates on the government regulations and policies which illustrates key opportunities and challenges of the market. DataIntelo has been monitoring the market since few years and collaborated with eminent players of the industry to give better insights on the market. It has conducted vigorous research and implied robust methodology to provide accurate predictions about the market.

Overview | Consequences on the Brazilian market

Overview | Consequences on the Brazilian market
Can Latin America Afford to fight COVID-19? Will the pandemic increase the opposition between Brazil and Argentina? 
Find below multiples articles about Latin America market. 

Clockenflap organisers confirm event will go ahead.

<div>Clockenflap organisers confirm event will go ahead.</div>
The final line-up for Hong Kong’s Clockenflap festival was released last week, as the event’s organisers state the importance of bringing people together “in positive ways” amid continuing unrest.
Bombay Bicycle Club, Metronomy and Nick Murphy are among the final additions to the Clockenflap line-up, which features previously announced acts including Halsey, Baby Metal, Lil Pump and Mumford and Sons.

The final line-up release, confirmation that the festival will go ahead as planned from 22 to 24 November, comes after the cancellation of Live Nation’s inaugural Rolling Loud Hong Kong last month.
The hip-hop festival is one of an array of live music events to be cancelled or postponed since anti-government protests began in June, initiated by the introduction of a controversial extradition bill. The proposal has since been withdrawn but protests for democratic reform in the special administrative region (SAR) of China have continued.

Promoters positive despite sales drop in Barcelona.

<div>Promoters positive despite sales drop in Barcelona.</div>
Concert promoters in Barcelona, Spain, have noticed a decrease in ticket sales as the result of protests in the city, sparked by the jailing of nine Catalan politicians and activists two weeks ago.
Promoters including Live Nation and Barcelona-based The Project, as well as venues such as el Palau de la Música and el Gran Teatre del Liceu have seen a decline in sales since 14 October, when the Spanish Supreme Court sentenced the organisers of the 2017 Catalan independence referendum to 9 – 13 years in prison.

“Sales have fallen and we still haven’t recovered the rates that we had before,” Tito Ramoneda, co-founder of The Project and vice president of Spanish Promoters’ Association APMusicales told El Periódico. According to Ramoneda, sales have dropped by around 30% over the past two weeks.


Economic concerns dominate top business risks

<div>Economic concerns dominate top business risks</div>
After polling nearly 13,000 executives in over 130 countries, the WEF found that fiscal crises are considered the greatest threat to doing business internationally.

Unemployment or underemployment was ranked the third-biggest challenge, while an energy price shock was rated fourth.

The WEF said these risks are linked to social disruption, contributing to failure of national governance and profound social instability, which were ranked fifth and sixth respectively.

Cyber attacks were rated the second-biggest threat for executives, and the most important one for European and North American businesses for a second year in a row.

“Cyber security remains the most concerning risk in advanced economies, and growing technology dependence will amplify this,” Marsh president of global risk and digital, John Drzik, said.
"Combined with fractious geopolitical developments, and growing economic concerns, executives face a very challenging portfolio of potential threats."

The survey findings are published in report from the WEF in partnership with Marsh & McLennan Companies and Zurich Insurance Group as part of an ongoing Global Risks Initiative.

They show that environment-related risks are the top concerns for executives in South Asia, East Asia and the Pacific following a series of devastating natural disasters.


Why Egyptians want Jennifer Lopez’s show cancelled

<div>Why Egyptians want Jennifer Lopez’s show cancelled</div>
Lopez is due to perform at her first concert in Egypt on Friday as part of her current world tour ‘It’s My Party’. The 50-year-old superstar has outraged many fans in Egypt and in the Arab world after she performermed at concert in Tel Aviv last week and visited the occupied city of Jerusalem. She appeared in images praying at a holy Islamic site in the city claimed by Jews.

Lopez has since come under heavy criticism in Egypt.

Hundreds of flights cancelled leaving travellers facing chaos as citywide strike action hits Hong Kong International Airport.

Hundreds of flights cancelled leaving travellers facing chaos as citywide strike action hits Hong Kong International Airport.
The strike is part of the protests that have rocked the city for more than two months, with protesters demanding the full withdrawal of the extradition bill, which has already been shelved, and an independent investigation into the government’s poor handling of the political crisis.

More than 1,000 passenger flights were scheduled to depart and arrive in Hong Kong on Monday, with 511 services departing the city, according to the airport authority’s website. By 8.30am, 117 departures and 98 arrivals had been cancelled.

The city’s airlines, Cathay Pacific, Cathay Dragon, HK Express and Hong Kong Airlines, all advised passengers to check before they travelled to the airport on Monday. Cathay and Hong Kong Airlines both offered travel waivers to rebook or re-route, while Cathay Pacific “strongly” recommended against non-essential travel.
For some, just getting to the airport proved a challenge, with protesters in the city forcing the Airport Express train service to be briefly suspended.

Norfolk town to spend £1,500 on terrorism insurance

Norfolk town to spend £1,500 on terrorism insurance
Thetford Town Council made the decision at its June full council meeting.
Currently, if there is a terrorist incident in the town the government would not pay to repair the buildings or compensate families affected.
With the insurance, the risk of a terrorist threat is calculated and cover would be provided. An undisclosed company quoted the council a cost of £1,558.26.

The council likened the process of gaining the insurance to a health and safety check.
Thetford council owns £12m in assets including various medieval buildings.
Town clerk Tina Cunnell said the insurance is needed due to the amount of large-scale events. She said: "As a town we have some large events and if we had a terror incident the government would not give any money to help with repairs.

Paris : Incidents dans le secteur des Champs-Élysées après la victoire de l’Algérie en quart de finale de la CAN

Paris : Incidents dans le secteur des Champs-Élysées après la victoire de l’Algérie en quart de finale de la CAN
Il était 21 heures lorsque les premiers groupes de supporteurs algériens ont rejoint les Champs-Élysées puis la place Charles de Gaulle. Certains sont arrivés en voiture, d’autres à pied. Au total, ce sont plusieurs milliers de supporteurs qui se sont rendus sur place, créant des troubles de la circulation, dégradations et pillages.

Les forces de l’ordre se sont déployées et ont tenté de maintenir les supporteurs sur les trottoirs, en vain. Des feux d’artifice ont été tirés et les klaxons ont retenti sur la quasi totalité de la plus belle avenue du monde.


Police in Belgium nab man suspected of planning attack on U.S. Embassy in Brussels

<div>Police in Belgium nab man suspected of planning attack on U.S. Embassy in Brussels</div>
The police Saturday arrested the man following “converging signs raising fears of an attack against the U.S. Embassy,” the prosecutor’s office said.

“The suspect has been detained for an alleged attempted attack within a terrorist context and preparation of a terrorist offense,” it said in a statement.

The man, identified only as M.G., appeared Monday morning before an investigating judge who ordered him held, it added.