The FINANCIAL — Zurich Insurance Group, the leading insurer on the Dow Jones Sustainability Index (DJSI), is to become the first large institutional investor to prioritize the ‘impact’ rather than monetary amount of its impact investment portfolio. Zurich will focus on its
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The FINANCIAL — World gross domestic product (GDP) is expected to contract by 4.1% this year in what is so far the deepest recession of our lifetimes. The latest sigma study, “Rebuilding better: global economic and insurance market outlook 2021/22“, predicts that
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The FINANCIAL — Munich Re published Quarterly Statement. Munich Re generated a profit of around €1bn in the first three quarters of 2020 – despite COVID-19-related losses of €2.3bn In Q3, profits amounted to €199m (COVID-19-related losses in Q3: approx. €800m) Substantial increase
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The FINANCIAL — Swiss Re reported a Group net loss for the first nine months of 2020 that narrowed to USD 691 million from USD 1.1 billion reported for the first half of the year when the Group made significant additions to
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The FINANCIAL — Swiss Re is joining The Trinity Challenge, a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by harnessing the power of data and analytics. Swiss Re has integrated COVID-19 related health, economic and social
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The FINANCIAL — In the third quarter, Munich Re registered COVID-19-related losses totalling about €800m in reinsurance. The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health business. As
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The FINANCIAL — Following years of eroding rates caused by excess capacities and low major-loss expenditure, particularly in European markets, low interest rates – likely to remain even lower for even longer due to the coronavirus pandemic – are impacting the profitability
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