Country: Global Page 3 / 52
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- January 2 2025
Favourable supply dynamics bring ‘notable softening’ in January 1 renewals: Howden
On average, risk-adjusted global property catastrophe reinsurance rates-on-line decreased by 8%, according to the broker's renewal report.
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- January 2 2025
Property cat, specialty 1.1 renewals saw risk adjust reductions across the board: Gallagher Re
Reinsurance renewals saw capacity supply generally exceed demand and buyers received the 'measure of relief' they sought, CEO Tom Wakefield says.
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- January 2 2025
1.1 property cat renewals see up to 15% rate reductions
Increased reinsurer appetite and reinsurance capacity, as well as muted demand from cedents, signal a return to a soft market in Asia.
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- December 30 2024
Doha Insurance Group obtains approval from Qatar Central Bank for India reinsurance branch
Branch will be set up in the Gujarat International Finance Tec-City (GIFT City), according to a Qatar Stock Exchange announcement.
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- December 23 2024
1.1: property cat, casualty rates softening, terms and conditions hold
The market is paying more attention to war risk as geopolitical risks and continuing conflicts weigh on carriers.
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- December 20 2024
BHSI appoints Cheryl Tan as head of marine claims, Asia Middle East
Industry veteran Tan had earlier worked with Canopius Group, Swiss Re and Catlin Singapore in various roles.
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- December 20 2024
International Group P&I 2025-26 renewals see rate hikes across categories
Fully cellular container ships (FCC) experience the largest rate increase, rising by 23.6%, while clean tankers see an 8.9% increase.
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- December 18 2024
Higher retentions by reinsurers drive investment in granular data, modelling: Moody’s Michael Steel
While modellers have embraced AI, insurers remain cautious despite growing recognition of its benefits, says the general manager of the risk analytics provider.
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- December 17 2024
Chubb elevates John Latter as claims lead for overseas general insurance
Latter will oversee the insurer's claims organisation in Europe, the Middle East, Asia Pacific, Latin America and the Far East.
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- December 16 2024
New capital focusing on specialty rather than general reinsurance: Guy Carpenter’s Priebe
"There's an increased focus around creating and delivering specialised underwriting expertise with capital really dedicated to maximising those opportunities," says the chairman of the reinsurance broker.
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- December 12 2024
Rising personal lines prices help stabilise global P&C sector: Moody’s
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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- December 11 2024
Future human pandemic could lead to US$13.6trn losses: Lloyd’s
The global economic losses across three severity levels range from US$7.3trn to US$41.7trn, representing a reduction in global GDP between 1.1% and 6.4%.
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- December 6 2024
China Taiping opens representative office in Dubai
The establishment of the office, located in DIFC, will help the carrier support Belt and Road initiative.
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- December 5 2024
Nat cat insured losses to cross US$135bn in 2024: Swiss Re
For the fifth consecutive year, insured losses from natural catastrophes broke the US$100bn mark, Swiss Re Institute data shows.
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- December 4 2024
WTW to re-enter treaty reinsurance broking with Bain Capital JV
The broker will hold a significant minority interest, and over time, it may obtain control and acquire complete ownership.
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- December 3 2024
Aon hands Anne Corona global leadership role
The APAC head has been named CEO of enterprise clients and global chief commercial officer, effective January 1 next year.
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- December 2 2024
LK Re chosen as Lloyd’s broker after three years in Singapore
This will allow the reinsurance broker to participate directly in the Lloyd's market and take advantage of the marketplace's licences in more than 200 countries.
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- November 29 2024
Specialty, casualty pricing needs tangible change: Lloyd’s Neal
Underwriting discipline, global scale to help industry respond to emerging risk, the CEO said speaking to the London market.
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- November 27 2024
Stress testing key to carriers’ 2025 risk assessment strategies
Regulators will no doubt be looking to test insurers and demand greater transparency on the impacts that various major and often interconnected scenarios will have, AM Best senior directors tell IAN.
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- November 22 2024
Swedish Club announces 5% general increase for 2025
The hike would apply to P&I and freight, demurrage and defence policies.
