Industry Segments: Reinsurance Page 1 / 62
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- April 26 2024
China’s financial regulator calls on carriers to develop green insurance
The National Financial Regulatory Administration have asked (re)insurers to enhance their modelling capability, and to play a greater role in helping the society shoulder the cost of climate change.
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- April 23 2024
Scor promotes CUO Lily Song to head of P&C China
Beijing-based Song has been at the French reinsurer since 2012 and has been the China reinsurance chief underwriting officer for more than 4 years.
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- April 23 2024
Exclusive: Guy Carpenter recruits AIG veteran Eric Shaw as APAC regional claims advisory leader
Singapore-based Shaw oversees claims advisory and reports to Jacob Hughes, managing director, head of client support services for Asia Pacific.
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- April 22 2024
OJK grants reinsurance licence to Orion Reasuransi Indonesia
The new carrier, to be led by Fitris Dinarwan, will offer multipurpose credit and home ownership credit reinsurance, according to its website.
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- April 22 2024
Peak Re’s outlook upgraded to ‘stable’ as growth prospects brighten: Moody’s
The upgrade from "negative" reflects its view that contagion risk from its parent Fosun International, in the form of strain on its business growth, is unlikely to increase meaningfully.
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- April 22 2024
CCR Re’s Africa and Asia FY 2023 GWP increases by 27%
The reinsurer saw moderate claims in Asia throughout the year, not affected by big cat events such as typhoons Doksuri in Beijing and Saola in Hong Kong and saw few individual claims in Korea.
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- April 18 2024
Munich Re names Hitesh Kotak and Roland Eckls as regional CEOs in major leadership reshuffle
The move will see new chief executives take charge in Japan, Korea, India and P&C heads for South-East Asia, Greater China.,
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- April 17 2024
India mulls GST exemption for reinsurance: report
The GST Council is likely to issue a clarification that reinsurance is not a supply of service, which will ease the tax burden.
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- April 16 2024
IRDAI’s onshoring push may squeeze out cross-border reinsurers
The Indian regulator’s plan to introduce collateral will raise costs, increase compliance and administrative burdens.
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- April 15 2024
India’s GIC Re to revive stake sale post-elections: report
Chairman of the state-owned reinsurer dismissed the possibility of a privatisation in the "immediate future". The priority is to improve its credit ratings to grow its international business.
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- April 11 2024
Guy Carpenter hires Partner Re’s Richard Chu as managing director for credit, bond & political risk
Singapore-based Chu will be responsible for new business development across Asia Pacific and will report to the head of the division, David Edwards.
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- April 11 2024
Peak Re expands structured solutions team to cover P&C
The new team will be led by Chenwei Li, who has been the head of structured solutions for L&H, and will be joined by senior actuaries Tony Zhong and Min Zhang.
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- April 11 2024
Taiwan earthquake claims unlikely to exceed 2016 Meinong event’s US$500m: AM Best
Carriers will only have to deal with limited commercial and industrial claims such as business interruption as the April 3 quake was quite far from the economic and scientific centres and most of the losses are ceded to the international reinsurance market.
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- April 9 2024
April 1 renewals point to signs of reinsurance market peaking
The orderly 1.4 renewals saw a revival in property cat appetite, and modest reductions in rates and easing of conditions, though retentions remain high and per risk and US casualty continue to be hard to place.
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- April 5 2024
Allianz Partners becomes first foreign reinsurer to set up in India’s GIFT City
The reinsurance branch in the special economic zone will focus on the non-life sector catering to B2B, reinsurance, travel, mobile devices and digital risk sectors.
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- April 4 2024
Howden Tiger to rebrand as Howden Re from April
The change follows group's rebrand in October last year, which united its broking operations under one name.
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- April 4 2024
Axa’s Bermudan unit completes acquisition of XL Re China
The reinsurer will renamed and operate as a member of the French insurance group, focusing on developing products for the Chinese market.
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- April 3 2024
Andreas Berger to take charge as Swiss Re group CEO as Mumenthaler steps down
Berger, who is currently heading Swiss Re CorSo, will assume the group role from July 1.
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- April 3 2024
APAC markets see stable renewals on ample capacity, reinsurer appetite: brokers
The supply-demand dynamics have shifted in favour of reinsurance buyers in the April renewals, leading to better pricing and easing of market conditions across Japan, India, Korea, the Philippines and China.
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- April 2 2024
Peak Re returns to record profit in 2023 on higher rates, reduced US nat cat exposure
The Hong Kong reinsurer posted US$200m net income for the year and its P&C combined ratio improved notably to 87.3%, from 110.1% a year ago.
