Industry Segments: Reinsurance Page 19 / 62
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- November 23 2022
Fosun mandates Deutsche Bank for Peak Re sale: report
The formal process has yet to kick off, and information memorandums to potential buyers are likely to be sent by year-end, the report said.
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- November 23 2022
Allianz to join Australian cyclone reinsurance pool in January 2023
The insurer said the average premium offered to existing customers exposed to cyclone and related flooding risk will be around 6% lower.
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- November 21 2022
China Re ratings upgraded on higher underwriting margins, overseas recovery
AM Best revised the Chinese state-owned carrier’s rating to a+ (excellent) from a with a stable outlook.
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- November 18 2022
Nasional Re downgraded over poor governance, weak financials
Fitch has handed Indonesia's largest domestic reinsurer a CC rating and placed the firm on negative watch.
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- November 17 2022
J.B. Boda appoints former Edelweiss exec to lead Chennai
Manoj Menon has also previously worked at Bharti Axa.
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- November 14 2022
Data shortfalls could harm Asian cedents during renewals
An increase in nat cats means that data pooling and quality is set to become important during negotiations.
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- November 14 2022
Tune Protect Re expected to diversify over ‘medium’ term
The Malaysian player is likely to sign up with new business partners, according to AM Best.
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- November 11 2022
PGA Sompo’s outlook revised to ‘good’: AM Best
The Makati City-headquartered insurer holds a 3% non-life market share in the Philippines.
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- November 10 2022
Nepal’s regulator rebrands as new Insurance Bill enacted
The Nepal Insurance Authority, previously known as Beema Samiti, will keep the same board.
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- November 9 2022
Reinsurers seek correction through rates, retentions and tighter terms
As Asia 1.1 renewals gather momentum, the market is facing a perfect storm of challenges.
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- November 8 2022
Suncorp cat claims in Q1 hit about 50% of deductible
The Australian insurer said it expects its nat cat claim costs to be in the range of US$225m-US$263m between July and October 2022.
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- November 4 2022
SIRC: Capacity woes and rising rates dominate Asia renewals
Pricing, structuring and climate change occupy discussions as the industry gathered in Singapore.
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- November 3 2022
SiriusPoint closes Singapore office; Monica Cramér Manhem set to retire
Amid a restructure, the president of international reinsurance and SiriusPoint International CEO will help find a successor.
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- November 3 2022
Insurers have to optimise their portfolio: Swiss Re’s Victor Kuk
Asian renewals are in a transition as cedents sweat over capacity and spike in price and retentions.
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- November 3 2022
Q&A: Gallagher Re’s Mark Morley on renewals, inflation and pricing
The Singapore-based APAC managing director shares his views.
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- November 2 2022
SIRC: Inflation hard to ‘put back in the bottle’ as digitalisation ‘imperative’
A panel of experts from Beazley, Guy Carpenter, Munich Re and Swiss Re shared their views as regional challenges mount.
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- November 1 2022
Lockton Korea buys financial lines broker, appoints Ben Son as CEO
Son established ESOP in 2019 and will join with his 20-strong team.
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- October 31 2022
Labuan Re improves underwriting performance, will benefit from hard market: AM Best
Management’s remedial actions have helped, while the reinsurer can expect moderate premium growth.
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- October 28 2022
Exclusive: Fosun seeking US$1.25bn for Peak Re
Offers are likely to come in at a substantial discount to Bermudian peers, IAN understands.
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- October 27 2022
IRDAI seeks to level the playing field for reinsurers
The insurance regulator proposes to remove state-owned GIC Re’s right of first refusal on Indian cedents.
