The Fremantle Highway roll-on roll-off vehicle carrier experienced a devastating fire off the Dutch coast while transporting 2,857 vehicles, including electric vehicles - leading to the death of at least...
The credit rating agency revised the outlook from stable to negative, citing concerns over domestic insurers' increased exposure to NatCats due to reinsurance access difficulties.
A new report from McKell Institute, in partnership with NRMA, highlights potential risks for microbusinesses, but potential opportunities for insurers.
Fires involving Li-ion batteries are more dangerous and can lead to huge losses - and the insurance and shipping sectors are grappling how to deal with the issue.
Fitch acknowledge the Qingdao-based insurer's strong risk-based capitalisation, but highlighted its short profit record and need for better reinsurance arrangements.
