Wednesday, December 13, 2017

Reinsurance

Bangladesh cancels insurance licence for first time

Bangladesh cancels insurance licence for first time

Standard Insurance has lost its operating licence for failing mandatory reinsurance regulation.

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Premiums growing faster than economy in emerging Asia

Premiums growing faster than economy in emerging Asia

Lloyd’s CEO Inga Beale says EMs account for nearly 50% of global insurance growth.

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Swiss Re declares profit rise despite Tianjin losses

The Zurich-based re-insurer posted a 13% rise in Q3 profit even after US$250m Tianjin losses.

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See you at SIRC

See you at SIRC

Insurers, reinsurers and risk managers will gather next week for the 13th Singapore International Reinsurance Conference.

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Validus hires China-focused underwriting manager

Validus hires China-focused underwriting manager

The appointment of Ellie Zhou forms part of the Bermuda-based insurer’s continued expansion in Asia.

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Lloyd’s and China Taiping sign cooperation deal

Lloyd’s and China Taiping sign cooperation deal

Under the terms of the MoU, Lloyd’s will help China Taiping to expand its global business network.

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Odyssey Re gets approval to establish office in Beijing

Odyssey Re gets approval to establish office in Beijing

The US-headquartered reinsurer says China is a strategically important and evolving market.

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Korean Reinsurance gets ratings affirmation

Korean Reinsurance gets ratings affirmation

The move reflects the insurer’s adequate risk-adjusted capitalisation and operating performance.

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Investors commit US$1.2bn for China Re IPO

Investors commit US$1.2bn for China Re IPO

Cornerstone investors include Great Wall Pan Asia, State Grid and China Development Bank.

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China eyes Bermuda reinsurance market after Tianjin

China eyes Bermuda reinsurance market after Tianjin

The explosions in Tianjin are spurring China to consider new sources of insurance.

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China Re wins approval for US$2bn Hong Kong IPO

China Re wins approval for US$2bn Hong Kong IPO

The company is offering up to 15% and expects to pitch the deal to investors in early October.

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Lloyd’s set to double China insurance business

Lloyd’s set to double China insurance business

Lloyd’s chairman John Nelson expressed confidence that the firm will double its business in China this year despite a very

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Reinsurance prices likely to drop in 2016, says Moody’s

Reinsurance prices likely to drop in 2016, says Moody’s

Rates are forecast to fall by up to 10% in 2016, but the decline will be less than in the past few years.

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Reinsurance market stabilising as competition eases

Reinsurance market stabilising as competition eases

Reinsurers are gaining some respite after 18 months of intense competition appears to be easing.

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Tianjin lesson: Open insurance market to foreigners, says Lloyd’s

Tianjin lesson: Open insurance market to foreigners, says Lloyd’s

Lloyd’s reinsurance head says China needs to let foreign insurers enter the market after Tianjin wake-up call.

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Tianjin blast losses still difficult to estimate, says AM Best

Tianjin blast losses still difficult to estimate, says AM Best

Despite publicised estimates, residents within 3km of the blast site are yet to be assessed.

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Oceanwide to launch Chinese reinsurer

Oceanwide to launch Chinese reinsurer

The Chinese property conglomerate has announced plan to launch a reinsurance start-up.

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MH370 claims to surface with debris find?

MH370 claims to surface with debris find?

Flaperon found on Reunion Island could be the next step in solving the mystery of the Malaysia Airlines flight.

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Amer Ahmed, Allianz Re

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