Industry Segments: Reinsurance Page 22 / 62
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- September 1 2022
Hong Kong’s H1 GI underwriting profits rocket 134%
Reinsurance underwriting profit climbed from US$4.7m in H1 2021 to US$98.6m.
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- August 31 2022
China Re’s Chaucer ‘actively’ explores non-Lloyd’s market as H1 GWP up 20%
Net profit at the group's P&C reinsurance business dived 56.1%.
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- August 31 2022
Everest Re recruits Chubb veteran to boost ‘critical’ APAC region
Kevin Bogardus, former president of Chubb Singapore, tasked with building client and broker relationships.
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- August 30 2022
Moody’s downgrades Peak Re; changes outlook to negative
The rating action is a result of contagion risks to the carrier from parent Fosun's weakened credit profile.
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- August 30 2022
China Taiping’s domestic P&C arm sees H1 COR improve to 98.8%
Taiping Re's P&C division fell to an underwriting loss of US$21m.
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- August 30 2022
Market face-off over risk pricing in Asia
Reinsurers blame ambitious broker expansion for driving down prices.
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- August 29 2022
APAC reinsurers may see rate hikes for 2023 renewals: AM Best
Regional carriers posted annual average net premium growth of 8.7% between 2017 and 2021.
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- August 26 2022
Australia’s P&C underwriting profits rose 328% on back of reinsurance recoveries: APRA
Net incurred claims fell 5.1% to US$18.2bn for the year ending June 30.
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- August 22 2022
‘We don’t eat more than we can stomach’: Peak Re’s Franz Josef Hahn
The reinsurer is retaining reserves into this year and has ‘solid retrocession protection’ to tide over rising nat cat losses.
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- August 18 2022
Ardonagh H1 results bolstered by Australia and specialty business
Revenue contribution of specialty and international climbed to 44% after a string of acquisitions last year.
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- August 18 2022
Underwriting returns elude APAC reinsurers
Average combined ratios have remained above 100% for the last four years, says AM Best.
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- August 17 2022
Mapfre Re gets CBIRC approval to open Beijing branch
Ignacio Arteche is the general manager of the new branch of the Spanish reinsurer.
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- August 15 2022
TMK committed to Asia growth despite treaty reinsurance exit
The strategic rejig will cut two roles in Singapore.
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- August 12 2022
Piotr Nowakowski takes charge as Peak Re chief underwriting officer
The market veteran joined the Hong Kong reinsurer in January.
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- August 10 2022
Mitsui Sumitomo seals US$400m Transverse deal
The fronting carrier gives the Japanese insurer access to the US$66bn American MGA market.
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- August 9 2022
Japan and India drive up Munich Re’s 1.4 renewals
H1 operating profits down 34% on Australian flood hit and poor investment returns.
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- August 8 2022
Suncorp’s profits fall 34% on nat cats amid US$1.7bn of reinsurance recoveries
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
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- August 8 2022
AM Best upgrades Singapore Re after Fairfax support and positive 2021 result
The reinsurer's underwriting performance improved after reserve releases.
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- August 8 2022
Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
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- August 5 2022
China Re estimates H1 profit to slide 40-50%
The reinsurer attributed the drop largely to a decline in investment income.
