Industry Segments: Reinsurance Page 25 / 70
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- January 12 2023
Howden Tiger launches as TigerRisk deal completes
A combination of Howden Re and TigerRisk becomes the fourth largest global reinsurance broker with around US$400m of revenue.
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- January 12 2023
IAG renews Berkshire quota share agreement, ceases equity deal
The restructured transaction extends till the end of 2029, but removes limits on Berkshire's shareholding in the carrier.
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- January 12 2023
Reinsurers’ underwriting margins to grow by 4%: Fitch
Property and specialty enter hard market with up to 200% increase in premium rates.
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- January 11 2023
Everest Re signs up Bobby Kwan as APAC senior treaty underwriter
Prior to this appointment, Singapore-based Kwan managed property treaties at Axis Re.
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- January 9 2023
IAG increases maximum first event retention by 75% at 1.1 2023 renewal
IAG cited inflation and market conditions behind the decision. It also renewed quota share deals with Munich Re and Swiss Re.
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- January 9 2023
Malaysian Re’s India, MENA performance help mitigate 2021 domestic flood hit
AM Best has affirmed the Asean reinsurer's rating of A- (Excellent) with a stable outlook.
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- January 9 2023
Asian 1.1 renewals may have been ‘the big reset’
Past the deadline, the market is still busy tying up loose ends and closing gaps in cover.
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- January 4 2023
IRDAI allows auto-renewal of file reference numbers of foreign reinsurers
The change applies to cross-border carriers with credit rating not less than S&P's A- or equivalent.
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- January 4 2023
Asean, China rates up 20% in ‘late and tense’ 1.1 renewals: Gallagher Re
Retro deductibles and pricing rose across the region, while reinsurer exits hit Korea, Australia placements.
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- January 3 2023
2023 offers (re)insurers a slow path to recovery
Despite the challenges, carriers will find a way out of the woods as rates stabilise and more capital is made available.
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- December 30 2022
Renewals largely completed at client-issued structures, pricing: Guy Carpenter
Property was the most challenged sector with market adjustments focused on pricing, attachment and coverage.
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- December 29 2022
Philippines regulator sets aside cat premium hikes
The Insurance Commission has suspended the revised schedule of minimum catastrophe rates that took effect from November 1.
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- December 26 2022
Updated: Asian 1.1 renewals ‘toughest in living memory’
Retro constraint and nat cat losses leading to backlogs in a renewals season said to be 'challenging on all fronts'.
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- December 22 2022
RACQ challenges current cyclone pool structure
It has asked for amendments such as including all types of floods and motor in the scheme, extending the claim period and reconsidering the budge-neutral principle.
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- December 21 2022
Australian carriers seek cyclone pool clarity
The scheme's failure to take off risks worsening affordability of property cover in northern Australia, finds competition regulator.
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- December 19 2022
Qianhai Re on track to sustained profitability, capital efficiency: AM Best
The rating agency affirmed the reinsurer’s financial strength rating of A- (excellent) with a stable outlook.
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- December 16 2022
QBE Re confirms retro exit in ‘peak peril zones’
The decision, which allows the firm to redeploy capital, followed a strategic review and kicks in from January 1.
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- December 16 2022
Opinion: RACQ exit rumour calls into question CTP scheme
Demands for an overhaul of the state’s motor insurance framework have resurfaced with the reports of a possible sale of the club’s motor arm.
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- December 15 2022
Malaysian Re’s strong capital buffer offsets underwriting losses
Fitch affirmed the Asean reinsurer's A (strong) rating in terms of its financial strength with a stable outlook.
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- December 14 2022
Singapore’s cyber risk pool should be relaunched, says architect of last attempt
A reluctance to share capacity scuppered the efforts in 2018, but the market has evolved greatly since.
