Industry Segments: Reinsurance Page 1 / 72
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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.
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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 18 2024
Scor hires Amy Fu as APAC commercial head for SBS insurance arm
"Newly created global commercial team is now complete", says Scor Business Solutions (SBS) chief commercial officer Benjamin Auray.
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- December 18 2024
Hemant Nagpal to lead Gallagher Re Asia Pacific analytics team
Reinsurance broker also appoints Darren Murch as deputy head of analytics for the region.
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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 13 2024
Korean Re reducing overseas property cat exposure: AM Best
The Korean reinsurer's long-term issuer credit rating has been upgraded to a+ (Excellent) while its financial strength rating of A (Excellent) has been affirmed, the rating agency said.
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- December 12 2024
China’s Qianhai Reinsurance to explore opportunities in capital markets on shareholder support: AM Best
The rating agency has affirmed the financial strength rating of “A-” (excellent) and the long-term issuer credit rating of “a-” (excellent) to the Shenzhen-headquartered reinsurer with a stable outlook.
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- December 10 2024
Malaysian Re to maintain stability in underwriting performance: Fitch
The rating agency has affirmed the rating at 'A' (strong) with a stable outlook for the reinsurer citing its ability to manage potential volatility and earnings dependence on local voluntary cessions.
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- December 10 2024
Korea’s Wise expands reinsurance team with two hires
The broker has hired Jae Bok Cheong as director and Yerim Park as assistant manager.
