Industry Segments: Reinsurance Page 37 / 62
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- January 8 2021
China’s P&C insurers crash to US$1.2bn underwriting loss: report
Investment returns allowed sector to achieve an overall profit of Rmb5bn.
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- January 8 2021
Asia’s 2020 nat cat losses highlight lack of cover: Munich Re
Only US$3bn out of US$67bn total losses were covered.
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- January 7 2021
‘Black Summer’ bushfires to cost Aussie market US$1.45bn
Catastrophe data provider Perils provides final P&C loss estimate.
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- January 6 2021
IAG keeps 2021 reinsurance cat cover at US$7.8bn
P&C giant reveals that BI claims provisions to be included in expenses.
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- January 5 2021
MS Amlin launches Asia-issued ILS
Phoenix 1 Re to provide US$42m capacity backed by Asia investors.
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- January 5 2021
1.1 brings some relief for Asia reinsurance buyers
Australia an outlier as even loss-free portfolios saw prices up by as much as 10%.
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- January 4 2021
KDB Life hardpressed to match Korean Re: report
Local PE firm JC Partners completes deal as Carlyle Group inks partnership with Korean Re.
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- December 17 2020
HKIA flags reinsurance moves in annual report
Tax concessions and ILS highlighted as key wins by the regulator in pandemic-hit year.
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- December 16 2020
Tencent’s reinsurer plans to face regulatory headwinds
The firm’s insurance platform WeSure was hit with a CBIRC fine in August over misleading marketing.
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- December 11 2020
GIC Re eyes underwriting profits amid investing woes
State-owned reinsurer's combined operating ratio overseas in H1 was 122% compared to 113% at home.
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- December 10 2020
Philippines to relaunch state reinsurance scheme in 2021
The state-run programme has failed to gain traction since its initial launch in 2019.
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- December 9 2020
Munich Re to stop pandemic event cancellation cover
German giant unveils 2025 vision after being hit hard by Covid P&C losses including the Tokyo Olympics.
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- December 8 2020
Reinsurers set to benefit from hard market in 2021
Rising demand in Asia is helping to drive strong premium growth.
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- December 7 2020
Guy Carpenter appoints new Japan head
Pietro Toffanello to relocate from London to Tokyo, and joins from Gen Re.
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- December 3 2020
Swiss Re’s Higginbotham: Partnerships are key
Asia reinsurance CEO on renewals, Covid-19, digital and management.
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- December 1 2020
Axis Re appoints Willis Re exec David Bangs as Japan head
The broker will continue to be based in Singapore after assuming the new role.
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- November 27 2020
Aussie BI losses to strain reinsurance relationships
Continued uncertainty around the ultimate loss and the nature of claims weighs on sector.
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- November 26 2020
Ariel Re seeks expansion as sale closes for US$30m
The specialty (re)insurer has a clean energy team in Hong Kong.
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- November 26 2020
Mitsui Sumitomo invests US$350m in insurtech Hippo
Japanese giant and US start-up ink partnership, which includes a reinsurance treaty.
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- November 25 2020
Willis Re appoints Cameron Hick for Australia director role
He joins from Partner Re and has previously worked at Munich Re in Australia.
