Industry Segments: Reinsurers Page 12 / 75
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- June 26 2024
‘Normalcy’ returns to Australia, New Zealand 1.7 renewals
Property cat renewals are seeing relatively flat pricing on bottom and middle layers and small risk-adjusted decreases in top layer pricing, brokers tell InsuranceAsia News.
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- June 25 2024
India to exempt reinsurance, co-insurance from GST: report
With the removal of the 18% tax, past cases where demand notices have been issued will be regularised on an “as is where is’ basis.
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- June 19 2024
Qubit ventures beyond digital assets with new CUO for reinsurance
The Hong Kong MGA has hired reinsurance veteran Xu Long executive vice-president and will start offering marine and energy products from next month.
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- June 18 2024
Asian Re constitutes management board, elects new chairperson
Sumalee Satitchaichareon, the deputy director-general of fiscal policy office for the government of Thailand, has taken charge as the chair of the regional reinsurer.
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- June 10 2024
Global reinsurance outlook upgraded to “positive” on strong profit margins: AM Best
Global reinsurers' strong underwriting margins and return-on-equity enable them to absorb large losses seen in the first quarter 2024, as the sector outlook improved from "stable" to "positive".
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- June 6 2024
New Zealand EQC secures record US$5.7bn reinsurance cover
The country's earthquake commission has increased its total cover by US$620m year-on-year, including the US$135m cat bond placed last year, at the June 1 renewals.
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- June 6 2024
Prudential Financial to acquire 10% stake in Qianhai Re
The deal, pending regulatory approval, will make the US insurance group the first foreign minority shareholder in the Shenzhen-based reinsurer.
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- June 5 2024
Seadrif mandates Gallagher Re as its reinsurance broker and risk advisor
The broker will be also responsible for the placement of reinsurance in international markets and the provision of strategic advisory services to the Asean cat risk facility.
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- June 5 2024
Fairfax names Gobinath Athappan as Asia chairman and chief executive
Athappan, who has been the insurance investment company's vice-chairman since 2015, is also set to take over as chairman of Fairfax-owned Singapore Re.
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- June 5 2024
Toa Re reshuffles key roles, appoints Michinari Takasaki as managing director
The Japanese reinsurer has named two new directors and promoted six executives to general manager roles effective June 27.
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- June 4 2024
AI key to exposure management, risk assessment beyond covered perils: CCR Re
Technologies such as natural language processing, machine learning are transforming how the global reinsurer assesses risks, predicts claims and prepares for climate change, says CRO & actuary Jérôme Isenbart.
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- June 3 2024
Vietnam National Reinsurance’s underwriting results to stay favourable: AM Best
The ratings agency has affirmed VinaRe's financial strength rating of "B++" (good) with a stable outlook.
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- May 31 2024
Property cat rates decline 5% at 1.6 renewals: Howden Re
Reinsurers remain vigilant as an active Atlantic hurricane season could present challenges.
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- May 29 2024
GIC Re’s FY 2024 underwriting losses near US$500m
The India state-owned reinsurer’s COR deteriorated to 111.82% for FY 2024, while GWP for the period grew marginally to US$4.5bn.
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- May 29 2024
Florida renewals highlight twin challenges of exposure management and inflation
While early signs from the 2024 reinsurance purchasing season show positive indications as prices begin to slide, forecasts of an above-normal hurricane season and inflation woes weigh on the renewals.
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- May 27 2024
Kay International AMEA appoints Grace Yeo as senior reinsurance broking manager for South-East Asia
Singapore-based Yeo was previously a reinsurance senior broker with UIB Asia Reinsurance Brokers from May 2023.
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- May 24 2024
Revival in property treaty appetite promises favourable outcomes for cedents mid-year
Key renewals for Australia and New Zealand are likely to follow the experience of 1.1 and 1.4, with growing demand for catastrophe risks at current pricing and terms.
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- May 23 2024
Aon elevates Wen Chen to APAC reinsurance agriculture leader
Singapore-based Chen, who was most recently Aon's head of agriculture for Greater China, will explore new regional reinsurance and retrocession opportunities in the sector.
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- May 23 2024
Gallagher Re promotes George Sherriff as Japan CEO, Tsuyoshi Noguchi to become chairman
Sherriff, who has been executive director at Gallagher Re since 2021, will retain oversight over global client proposition across Asia Pacific even after transitioning to the new role.
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- May 22 2024
Diot-Siaci to buy majority stake in Indian broker Unilight
The agreement is expected to strengthen Diot-Siaci's presence in Asia and allow the European broker to participate in the expansion of the Indian insurance market.
