Beazley announces suite of coverages for media producers

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Specialist insurer Beazley has launched a suite of contingency policies to provide media producers and production companies coverage against a range of risks that can cause productions to be delayed or called off.

Beazley’s film production offering can cover various content and channels, including feature films, television, animation, photographic shoots and commercials. It provides coverage for:

  • Cast members
    • If production is prevented or interrupted due to injury, sickness, death, bereavement or kidnapping
  • Media
    • Faulty media, cameras, recording equipment, developing, editing or processing
    • Corruption of content on digital media
    • Erasure of content and exposure of film to
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MetLife appoints global head of insurance strategy in Hong Kong

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Insurance giant MetLife has announced the appointment of a key executive to “enhance” its global insurance asset management capabilities and expand its institutional client group presence in Asia.

Jingsu Pu has re-joined MetLife Investment Management (MIM), the institutional asset management business of MetLife, in Hong Kong as global head of insurance strategy and solutions and head of institutional client group (ICG), Asia, excluding Japan.

Read more: MetLife profit increases in fourth quarter

In his new role, Pu will report to both Ruth Farrugia, global head of insurance asset management, and Matt Mosca, global head of ICG. He will have responsibility

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girocard hits new highs in Germany as population moves to contactless payments

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Germany’s girocard remains on the road to success in a year defined by the COVID-19 pandemic, with almost 5.5 billion transactions in 2020, it reached a new high at the checkout.

Compared to the previous year, girocard was used around 1 billion times more often than in 2020 (2019: 4.5 billion), corresponding to a growth rate of 21.7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}.

As the current statistics of the Deutsche Kreditwirtschaft (DK) further show, the turnover was €236 billion an increase of 12.0{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} (2019: €211 billion). The change to card payments at POS, which has been observed for years, continues in this extraordinary year.

German

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MAPFRE reveals 2020 earnings results

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Global insurer MAPFRE posted an operating result of €658 million (about SG$1.1 billion) in 2020. The company said it was “highly affected” by the COVID-19 pandemic in the first six months of the year, but produced a solid result in the second half, when it generated €388 million.

At year-end, the company decided to strengthen its balance sheet by assigning €132 million to the entire goodwill impairment of its operations in Italy, Turkey, and Indonesia, with the intent to adapt to new market circumstances and lay the foundation for continued profitable growth.

MAPFRE said that the impairment does not have

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