Industry Segments: Reinsurance Page 1 / 72
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- January 16 2025
Vietnam’s biggest non-life carrier PVI tops US$525m premiums revenue in 2024
It accounts for 17% of total premiums collected by the country’s general insurance sector, consisting of 32 companies.
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- January 14 2025
BOC Insurance, Taiping Re China get NFRA approval to set up Shanghai reinsurance centre branches
The two companies will operate from the Shanghai International Reinsurance Trading Centre, the international reinsurance trading platform in the Lingang pilot free trade zone.
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- January 14 2025
India’s non-life insurance premiums to grow 7.3% in 2025: Swiss Re
Global reinsurer projects India’s insurance market will be the G20’s fastest growing over the next five years.
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- January 13 2025
Economic troubles, geopolitical instability, climate change major challenges for 2025 (re)insurance market
Headwinds are forcing (re)insurers to adjust their pricing strategies, enhance risk assessment models and focus on sustainable investments, market sources tell IAN.
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- January 13 2025
Property and motor to drive growth for Thai Re in 2025: Fitch
Fitch Ratings affirms the reinsurer's rating at 'A-' (strong) with a stable outlook primarily driven by its strong capitalisation, favourable company profile and expectation of stable performance in 2025.
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- January 9 2025
2024 third costliest year on record with US$140bn insured losses: Munich Re
Japan earthquake, Typhoon Yagi and China floods were the largest events in Asia, aggregating to US$4.5bn in insured losses.
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- January 9 2025
Opinion: Booming MGAs can no longer be ignored, but regulatory spectre looms
MGAs must demonstrate robust risk selection and underwriting capability as regulators train their guns on the sector.
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- January 8 2025
Sompo beefs up APAC ranks with new chief claims officer
Pablo Diago takes up the Singapore-based role just over a year after joining from Crawford.
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- January 7 2025
Insurers likely to demand further frequency protection in the first half of 2025: Aon
Cedents are looking to restore balance as they have retained nearly 90% of nat cat insured losses in the last two years, according to the broker's Reinsurance Market Dynamics report.
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- January 7 2025
IAG renews 2025 cat program with US$6.25bn protection
Program from Australian insurer has attachment point of AU$500m, while its quota share and a multi-year program will provide AU$1bn in additional protection annually.
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- January 7 2025
Adi Salleh returns to Samsung Re as senior property underwriter
Salleh had previously worked for nine years at Samsung Fire & Marine Insurance, which included just over five years as a fac underwriter for its reinsurance arm.
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- January 7 2025
Asia cyber pricing may bottom out, but London capacity adds pressure
While claims activity is relatively low, it could catch up, cautions Axa XL’s Samuel Bye, highlighting the increasing frequency of 'mini cats'.
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- January 3 2025
Labuan Re names Zaid Aziz Ibrahim as officer in charge following CEO exit
Kuala Lumpur-based Ibrahim currently serves as the chief underwriting officer and has been with the company since 2020.
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- January 3 2025
India’s GIC Re to see underwriting losses come down in 2025: chairman
Ramaswamy Narayanan says India’s national reinsurer will look to improve its combined ratio to 110% by March.
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- January 3 2025
APAC 1.1 renewal dynamics tilt towards buyers: Gallagher Re’s Mark O’Brien
Reinsurers looking to write more and cedents holding limits or buying less drove down prices, said the broker's regional head.
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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 31 2024
Swiss Re promotes Aisyah Fuad to market head South-East Asia (South)
Fuad has been with Swiss Re since 2011, holding various positions, including associate client manager for Indonesia and vice president, senior risk manager ORM.
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- December 30 2024
China’s PICC P&C announces continuation of deals with PICC Reinsurance, PICC HK
Reinsurance agreements include treaty and facultative reinsurance, covering all lines of property and casualty insurance risks.
