GIC Re, names K Sananth Kumar as acting GMAugust 6 2015 by InsuranceAsia News Staff
- August 12
The market veteran joined the Hong Kong reinsurer in January.
- August 10
The fronting carrier gives the Japanese insurer access to the US$66bn American MGA market.
- August 9
H1 operating profits down 34% on Australian flood hit and poor investment returns.
- August 8
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.