Industry Segments: Reinsurance Page 37 / 72
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- January 7 2022
IAG renews reinsurance cat cover at US$7.2bn
The 2022 program structure is similar to prior years with the price increasing by "mid single digits".
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- January 6 2022
Asia 1.1 renewals disappoint
Capacity held firm but the market showed some resistance in China and in retro.
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- January 4 2022
Asia cat capacity held firm at 1.1 renewals: Gallagher Re
Loss free XOL property programs saw flat to low single digit risk adjusted pricing.
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- December 16 2021
Australia’s cyclone risk pool a first step
The US$7bn reinsurance scheme needs to be backed up by other initiatives to address a rapidly changing risk environment.
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- December 14 2021
Fixing reinsurers’ big data problem
A more open ecosystem approach to data is urgently needed to expand the universe of insurable risk in Asia.
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- December 9 2021
Labuan Re faces GWP decline amid Lloyd’s rollback: AM Best
The rating agency also upgraded its outlook for the Malaysian reinsurer from negative to stable.
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- December 9 2021
China Re bullish on Hong Kong P&C market
The reinsurer's CFO tells IAN the local non-life market is still at an "early" stage of development.
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- December 6 2021
Qianhai Re’s underwriting progress faces nat cat pressure
AM Best tells IAN the reinsurer’s underwriting margin improved from 107.8% to 102.5% between 2019-20.
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- December 6 2021
Swiss Re appoints interim head to lead China operations
Brian Han replaces John Chen who is stepping down at the end of January.
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- December 2 2021
Indonesia’s Tugu ‘dominates’ energy, aviation and marine: AM Best
The company has "high reinsurance usage" to support the underwriting of large commercial risks.
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- December 2 2021
GIC Re takes premium hit amid ‘bottom-line’ focus
The reinsurer tells IAN classes with higher claims are being avoided as health and marine business drops.
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- December 1 2021
Gallagher closes Willis Re deal
The US$3.25bn acquisition will give the US broker a significantly expanded APAC reinsurance footprint.
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- December 1 2021
Japan property rates to keep rising: Fitch
The increases are set to continue in part due to higher reinsurance costs.
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- November 30 2021
Guy Carpenter’s Gallagher sees ‘more stable’ renewals
The Asia CEO expects a focus on poor performing programs where the nature of the exposure has changed.
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- November 29 2021
Reinsurance broker Richmond expands into Taiwan
Taipei-based Kevin Kuo has been appointed CEO of the new subsidiary ahead of the January 2022 renewals.
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- November 29 2021
Mitsui takes majority control of Pana Harrison (Asia)
The Singapore-based (re)insurance broker will change its name to Mitsui Bussan Pana Harrison.
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- November 25 2021
Axis Re’s Les Loh talks capacity and shifting risks
The firm's APAC president says more premium needed in the system after large China flood losses.
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- November 24 2021
UK competition authority approves Gallagher/Willis Re deal
The US$3.25bn sale received phase 1 approval from the London-based antitrust watchdog.
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- November 24 2021
Q&A: Swiss Re’s Even on parametric solutions, accountability
Hong Kong-based analytics expert flags how AI can promote fairness and accountability in underwriting.
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- November 23 2021
Asia’s reinsurance brokers in data, analytics push
The region’s P&C insurers are demanding better and faster information to help hedge their growing, ever more complex risks.
