Industry Segments: Reinsurance Page 27 / 70
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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.
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- October 20 2022
Peak Re bolsters retrocession team with Kenneth Ip
The former associate director at Aon's reinsurance arm joins as assistant vice president in Hong Kong.
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- October 19 2022
TMK eyes specialty growth in ‘complex, volatile’ Asia
Pavlos Spyropoulos says the target is to double regional GWP from US$100m in 2022 within five years.
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- October 19 2022
Ongoing Australian floods unlikely to trigger reinsurance cover: S&P
Insurers will be largely able to finance the claims themselves, though there are more flood warnings as rain and thunderstorms spread to other states.
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- October 18 2022
Guy Carpenter reinforces Australia treaty broking with Hannover Re hire
Bo Jiang, who was a senior underwriter at the reinsurer, joins the broker in Sydney as senior vice president.
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- October 18 2022
APAC ‘tip of the spear’ for Howden Tiger
The reinsurance broker will place about US$500m GWP from the region this year.
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- October 16 2022
Peak Re’s outlook revised to negative by AM Best
Despite contagion risks from the Fosun ownership, the reinsurer's standalone business fundamental remains stable, said the rating report affirming its A- credit rating.
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- October 13 2022
Opinion: Can reinsurers step up to Japan’s offshore ambitions?
Carriers are reluctant to provide capacity for offshore wind farm construction and operational risk covers.
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- October 8 2022
Asian cedents urged to get in early, lock down capacity for 2023 renewals
Prices are hardening and capacity is likely to be more constrained going into the upcoming renewal season.
