Page 8 - John Dacey News Today

Federal judge dismisses lawsuit against Arizonas use of private prisons U.S. District Judge Douglas L. Rayes on Monday dismissed the class action lawsuit against the Arizona Department of Corrections, Rehabilitation and Reentry, GEO Group, CoreCivic Inc. and Management and Training Corp. after the state filed a motion. The lawsuit was filed in June by five inmates and the NAACP. They claimed Arizona is practicing slavery by sending inmates to private prisons to "generate revenues and profits fo...

Swiss Re reports $878 million loss driven by the pandemic effect PUBLISHED BY Swiss Re Group, the reinsurance company, reported a net loss of US $878 million for 2020. The company’s net income rose to $2.2 billion from $727 million in 2019, but that is excluding Covid-19 claims and taxes of $3.9 billion. Analysts predicted a loss of $456 million for the company. Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “The COVID-19 pandemic continues to affect communities and...

2021-02-19T19:06:00+00:00   Swiss Re reported a Group net loss of USD 878 million for 2020. Excluding USD 3.9 billion of COVID-19-related claims and reserves (pre-tax) for the year, Swiss Re’s net income was USD 2.2 billion, a material increase from USD 727 million in 2019. Based on the Group’s very strong capital position and positive market outlook, the Board of Directors will propose a dividend of CHF 5.90 per share at the Annual General Meeting on 16 April 2021. Swiss Re’s Group ...

The reinsurer targets improved profitability in the P&C Re business amid favourable market conditions.

Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million February 19, 2021 Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects a return to profit in 2021. Swiss Re and its competitors have faced large claims from the pandemic, such as those for canceled events, as well losses from hurricanes and wildfire...

By Reuters 2021-01-28T15:38:00+00:00 Insurers are facing a $2-3 billion loss if the Tokyo Olympics are cancelled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six months until the Games are due to start, the competition will top the agenda when the International Olympic Committee’s (IOC) executive board meets this week. The Olympic body, which will meet remotely, finds itself in a similar situation to March last year,...

LONDON -- Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event

By Syndicated Content By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) - Insurers are facing a $2-3 billion loss if the Tokyo Olympics are cancelled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six months until the Games are due to start, the competition will top the agenda when the International Olympic Committees (IOC) executive board meets this week. The Olympic body, which will meet remotely, finds it...

If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six months until the Games are due to start, the competition will top the agenda when the International Olympic Committee’s (IOC) executive board meets this week. The Olympic body, which will meet remotely, finds it...

Last updated 1 month ago | By Reuters The Olympic rings are illuminated in front of the National Stadium in Tokyo, Japan January 22, 2021. [REUTERS/Kim Kyung-Hoon/File Photo] Insurers are facing a $2-3 billion loss if the Tokyo Olympics are cancelled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six months until the Games are due to start, the competition will top the agenda when the International Olympic Committee’s (IOC) ...