The ratings agency has maintained a positive watch on ClearView following a strategic business simplification and the announcement of a planned A$415m acquisition by Zurich.
The ruling sets an important precedent that insureds cannot invoke the presumption of loss by perils of the seas where investigation was possible but not pursued.
Lagging mitigation and rapid urbanisation are fuelling Asia’s outsized flood loss growth, while global catastrophe losses remain below long-term trend.
4.97bn rupee (approx. US$53.5m) scheme sees India joins a growing list of governments mobilising state-backed insurance support in response to conflict.
