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  • September 2, 2014
  • Last updated: 4:52pm
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  1. Policies that lighten the burden of anxious tourists

    Posted Jul 16th 2005, 12:00am by Tim Metcalfe

    ... Tim Metcalfe Blue Cross senior manager Simon Leung says travel insurance sales surged after the tsunami I HAVE WORKED in insurance for 25 years, since my mid-20s, and joined Blue Cross five years ago, overseeing the travel side of the business which was one of our original core products, as well as health insurance. Blue Cross is well known in Hong Kong. It has been in health ...

  2. PICC back in the black as claims owing to natural disasters decline

    Posted Aug 22nd 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu PICC Property and Casualty, the mainland's largest non-life insurer by premiums, returned to profit in the first half of the year, helped by Mother Nature. The insurer ... attention to the changes in the economic and financial environments and their effect on the insurance industry, achieve an in-depth understanding of the favourable conditions and difficulties facing ...

  3. Gustav's storm warning of future typhoon destruction

    Posted Sep 02nd 2008, 12:00am by Tom Holland

    ... spiked above US$70 a barrel, the high for 2005. However, the main argument was about the expected impact on insurance premiums. With preliminary forecasts projecting that Katrina could cost insurance companies up to US$30 billion, the storm was already shaping up to be the most expensive catastrophe in history even before it made landfall on the US mainland. At the time, this column ...

  4. Lloyd's plans reinsurance push on mainland

    Posted May 05th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu Lloyd's, the world's oldest insurance market, plans to expand its reinsurance business on the mainland to help domestic insurers cover claims arising from natural ... with mainland insurers such as PICC Property and Casualty facing big payouts. Lloyd's chairman Lord Peter Levene said in an interview that reinsurance on the mainland was still a new concept, ...

  5. Ready when disaster strikes

    Posted Jul 27th 2003, 12:00am by Stephen Seawright

    ... the signal raised to the highest level - 10. In the aftermath, insurance firms paid out $290.91 million for all types of claims. Only a month earlier, Typhoon Sam had struck Hong Kong, leading ... clients want to insure things on a worldwide basis away from home. The type of products we sell have the flexibility to do that,' said Mr Brooks. 'Under the square-foot policies ... you ...

  6. Bankers' losses covered, profits are theirs to keep

    Posted Apr 13th 2010, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp But it will now take until 2018 to collect the HK$2.8 billion needed to insure depositors at each bank for up to HK$500,000. SCMP, April 10 Imagine an earthquake-prone town in which an insurer has convinced the town council to support universal earthquake coverage. Every resident of this town is to get back the full value of his home if an earthquake ...

  7. Dire prediction

    Posted Jun 01st 2004, 12:00am by Nick Gentle

    ... on December 26 was by far the deadliest disaster of the year, killing some 45,000 people, in monetary terms it didn't come close to some of the year's other events. Insurance group Munich Re ... expensive single disaster was the heatwave that hit Europe, killing more than 20,000 people, with insured losses of more than US$10 billion. The insurance giant is warning that as climate change ...

  8. Rethink sought on Sars cover

    Posted Nov 10th 2003, 12:00am by Enoch Yiu

    ... could also force people to cut back on purchases of other types of policies. 'This would lead to a reduction of sales for both direct insurers and reinsurance companies, while the client ... Enoch Yiu Policyholders may end up paying more if reinsurers go ahead with plans to cut their exposure to outbreak-related risks Direct insurance companies are urging reinsurers ...

  9. When natural disasters strike

    Posted May 30th 2008, 12:00am by Chris Davis

    ... insurance firms had paid out more than an estimated 1 billion yuan (HK$1.125 billion) on claims stemming from the severe winter weather. 'We know the probability of this type of natural ... and blizzards that blanketed the mainland's eastern, central and southern regions during the Chinese lunar New Year holiday should have made the government, businesses and the insurance industry ...

  10. Munich Re seeks to expand mainland insurance business

    Posted Jun 23rd 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Munich Re, the world's largest reinsurer, is looking for mainland partners to form life and property insurance joint ventures to tap the world's most populous but under- insured country. Chief executive Nikolaus von Bomhard told a briefing yesterday the company is seeking to expand mainland business where the insurance penetration rate remains ...




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