Thursday, February 22, 2018

Reinsurance

Natural disasters caused US$35bn insured loss in 2015

Natural disasters caused US$35bn insured loss in 2015

A total of 300 separate global natural disasters took place last year, according to Aon Benfield.

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Marine reinsurance prices fall even after Tianjin blasts

Marine reinsurance prices fall even after Tianjin blasts

The blasts at China’s Tianjin port has had little or no impact on marine reinsurance prices.

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Sumitomo Life approved for US$3.8bn Symmetry deal

Sumitomo Life approved for US$3.8bn Symmetry deal

Approval issued after regulator says deal is not hazardous or prejudicial to the insurance-buying public.

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IAG secures US$7bn reinsurance cover for 2016

IAG secures US$7bn reinsurance cover for 2016

The new programme provides protection for most parts of Asia, as well as Australia and New Zealand.

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Lloyd’s registers first Malaysian reinsurer

Lloyd’s registers first Malaysian reinsurer

AFR Asia Pacific becomes one of only 219 Lloyd’s registered brokers across the world.

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Negative outlook for reinsurance industry, says Moody’s

Negative outlook for reinsurance industry, says Moody’s

Shrinking demand and excess capacity has created sustained pressure on reinsurers.

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Sompo Japan scraps investment in reinsurer Scor

Sompo Japan scraps investment in reinsurer Scor

The Japanese nonlife insurer may also unload the shares it already owns in the French reinsurer.

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Zurich to exit general insurance in Middle East

Zurich to exit general insurance in Middle East

The embattled insurer is expected to exit the region by the end of 2016 as part of a global restructuring.

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Axis Capital to join Lloyd’s China platform

Axis Capital to join Lloyd’s China platform

Subsidiary Axis Syndicate 1686 will focus on treaty reinsurance business beginning January 1, 2016.

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Sompo sets up reinsurance unit in Zurich

Sompo sets up reinsurance unit in Zurich

The Japanese insurer has set up a reinsurance company in Switzerland under its wholly owned subsidiary Canopius.

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China seals insurance regulations deal with Russia

China seals insurance regulations deal with Russia

CIRC and Bank of Russia agree to promote cooperation between the two countries’ insurance regulators.

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IRDA fast-tracks entry of Lloyd’s in India

IRDA fast-tracks entry of Lloyd’s in India

The Insurance Regulatory and Development Authority of India is paving the way for an onshore presence.

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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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Nina Klingspor, Allianz Global Corporate & Specialty

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