Sunday, May 28, 2017

Reinsurance

Insurance cooperation eyed along Belt and Road route

Insurance cooperation eyed along Belt and Road route

At least 20 countries along the route have entered into agreements with China Re, which is taking a lead.

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Irdai approves Gen Re R3 licence in India

Irdai approves Gen Re R3 licence in India

The R3 licence covers underwriting and risk management expertise locally rather than cross-border.

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India looks at reforming reinsurance sector

India looks at reforming reinsurance sector

A review of the sector could pave the way for solutions built around insurance-linked securities.

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London losing steam in reinsurance

London losing steam in reinsurance

Other markets are eating up the British capital’s share of the global reinsurance industry.

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Swiss Re reports net income of US$656m

Swiss Re reports net income of US$656m

The results were affected by expected insurance claims in the aftermath of Cyclone Debbie.

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Philippines urged to follow UK reinsurance probe

Philippines urged to follow UK reinsurance probe

A senior insurance executive has asked the regulator to take a closer look at foreign reinsurance brokers.

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Emerging Asia leads growth in global insurance market

Emerging Asia leads growth in global insurance market

The economies of many emerging markets are showing signs of recovery, boosting global premiums.

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Cat bonds hit new high

Cat bonds hit new high

Issuance hit a new record during the first quarter, though the market in Asia remains under-developed.

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Swiss Re to set up Asia headquarters in Singapore

Swiss Re to set up Asia headquarters in Singapore

The reinsurer intends to establish a new entity that will serve as its headquarters for regional reinsurance operations.

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IRDAI to double capital requirements for brokers

IRDAI to double capital requirements for brokers

India’s insurance regulator is pushing for a series of stringent measures for the domestic insurance broking industry.

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Reinsurance continues to attract alternative capital

Reinsurance continues to attract alternative capital

While alternative capital is widely seen as a threat to the industry, there are some benefits too.

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Munich Re, Sompo agree partnership with Trov

Munich Re, Sompo agree partnership with Trov

The insurtech firm is expanding its on-demand policies in Europe, Asia and South Africa.

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Scor Global Life wins approval for Japan branch

Scor Global Life wins approval for Japan branch

The opening of the branch is part of a strategic plan to expand and deepen its franchise.

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Peak Re’s premium income up 20% in 2016

Peak Re’s premium income up 20% in 2016

Top-line growth went hand-in-hand with a stable combined ratio, yielding an underwriting profit of US$38m.

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Indonesia approves two new reinsurance brokers

Indonesia approves two new reinsurance brokers

The Financial Services Authority has issued operational licences to JLT Reinsurance Brokers and Inare Proteksi International.

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Hong Kong told to develop incentives for reinsurers

Hong Kong told to develop incentives for reinsurers

Insurers and brokers are moving their businesses to Singapore where economics of scale and tax benefits are preferable.

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Lloyd’s names new chairman

Lloyd’s names new chairman

Moneysupermarket chairman and former Marsh chief exec Bruce Carnegie-Brown will take on the role.

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China losing its lustre

China losing its lustre

Reinsurers are voting with their feet in response to disappointing returns and domestic competition.

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Paul Davis, Allianz Global Corporate & Specialty

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