News Page 81 / 1047
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- November 1 2024
Singapore Reinsurers’ Association names Kenrick Law as chairman, James Beedle as deputy chairman
Law takes over from Marc Haushofer, former senior vice president, Asia Pacific at Renaissance Re, who has served as the association’s chairman for the past eight years.
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- November 1 2024
China Re-owned Chaucer brings onboard Ivan Sit as marine class underwriter
Sit joins from China Taiping Singapore where he spent four years as head of marine.
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- November 1 2024
Tower CEO Blair Turnbull to step down
Turnbull will leave the Kiwi carrier on February 12, 2025, following its annual shareholder meeting.
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- November 1 2024
Japanese watchdog fines non-life insurers US$13m for price fixing
The report highlighted the summary of violations of antitrust rules by Mitsui Sumitomo, Sompo Japan , Aioi Nissay Dowa and Tokio Marine & Nichido Fire.
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- November 1 2024
APRA applies additional US$6.6m capital requirement to Pacific International Insurance
The regulator identified fundamental deficiencies in Pacific’s oversight and control of its existing binder holder business and risk management framework, including weaknesses in accountability and adequacy of resourcing.
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- November 1 2024
QBE closes US$1.6bn LPT deal with RiverStone International and Enstar
The deal was effective July 1 this year and includes non-core long-tail reserves that were not subject to prior reinsurance transactions and a small number of other portfolios of various subsidiaries of the insurer, including Lloyd’s syndicates.
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- November 1 2024
QBE Asia promotes Jeyasakthi Ratnasingam to head risk and compliance
Kuala Lumpur-based Ratnasingam will lead the risk and compliance strategy and ensure that adequate controls, procedures and processes are in place to meet legal and regulatory requirements across all business functions.
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- November 1 2024
APAC cyber uptake still low despite softer pricing, ample capacity
While carriers are developing a better understanding of cyber risk, there is a need for further education to address the protection gap, especially in emerging markets.
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- November 1 2024
APAC reinsurers prioritise profit amid slower premium growth: AM Best
Asian reinsurers have restructured their retro programs, leading to adjustments in cat capacity and a reduction in cat exposure accumulation, says AM Best’s Christie Lee.
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- November 1 2024
Evolving risks, regulations fuel demand for alternative capital solutions: Guy Carpenter
Insurers are exploring differentiated business models and creative reinsurance as they battle increased losses, higher retentions and operating model pressures.
