Industry Segments: Reinsurers Page 14 / 73
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- February 26 2024
IRDAI retains 4% obligatory cession for upcoming renewals
The cession, a percentage of the sum insured on all general insurance policies, has to be placed with the sole India reinsurer, the state-owned GIC Re, for FY 2025 starting April 1 this year.
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- February 22 2024
India property cat rates rose 50% past nine months: report
Storms, tempests, floods, and inundations rates are expected to be further revised upwards during April 2024 renewals.
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- February 22 2024
IRDAI to introduce collateral for cross-border reinsurance programs
The collateral shall be either an irrevocable LOC, or premiums or funds withheld by the cedent, the Indian regulator said in an exposure draft.
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- February 21 2024
Taiwan’s green power credit guarantee to mitigate default risk, eases up project financing: Fitch
With reinsurance provided by the National Credit Guarantee Administration and backed by EximBank, the new credit guarantee scheme will facilitate financing to wind project operators, Fitch said.
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- February 21 2024
More IG P&I clubs introduce buyback for Red Sea war risks from February 20
Some of the clubs will have the Red Sea and the Russia, Ukraine, Belarus excluded areas combined under the same structure with the new reinsurance panel.
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- February 19 2024
David Howden sees commercial insurance rates flattening this year: report
The Howden chief executive told the FT that the business insurance market is beginning to see 'green shoots' with a recovery in (re)insurance capacity.
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- February 8 2024
Fosun revives Peak Re sale process: report
The Chinese conglomerate has mandated BNP Paribas to find a buyer for a majority stake in the business and is seeking a US$1bn valuation, a Bloomberg report said.
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- February 8 2024
Aon hires head of cedent facultative from Howden Specialty
Based in Singapore, Jack Eccles will be in charge of leading and developing the broker's cedent facultative proposition.
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- February 8 2024
Hannover Re grows APAC treaty book by 10% in 1.1 renewals
Asia Pacific was the fastest growing market for the reinsurer in terms of premium volume, as growth in EMEA and Americas came in lower, at 6.5% and 2.2%, respectively.
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- February 7 2024
Pacific Prime acquires Malaysia’s MIT Insurance Brokers from Johor Corp
The deal between the global insurance brokerage and Malaysia's state development corporation will see MIT Insurance Brokers integrate into Pacific Prime Consultants Malaysia.
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- February 6 2024
Indonesia’s tougher minimum capital rules for (re)insurers to drive consolidation: Fitch
About 62% of Fitch's rated carriers, all non-life and reinsurers, will need to raise new capital to meet the minimum equity requirement, which could unleash a wave of M&A.
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- February 6 2024
Berkley Re names treaty manager for Australia & New Zealand
Sydney-based Heath Sinclaire will enhance the firm's relationships with cedents and brokers, focusing on the casualty reinsurance sector.
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- February 5 2024
Swiss Re names cyber leadership roles for Asia and the UK
Giv Kahrom joins as head of cyber Asia as the global reinsurance group expands its treaty client base.
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- February 5 2024
Malaysian Re’s ‘business remodelling’ to bring product and distribution diversification: AM Best
The rating agency has reaffirmed the reinsurer's A- (excellent) with a stable outlook.
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- February 5 2024
Aon ‘doubling down’ on India with treaty team build out
George Attard, APAC head of reinsurance, and India CEO Jon Pipe outline the broker's ambitious plans for the region's fastest-growing insurance market in an exclusive chat with IAN.
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- January 29 2024
Toa Reinsurance’s earnings could seesaw on nat cat and social inflation risks: S&P
Still, taking into account its strong capitalisation S&P Global Ratings has affirmed its 'A' rating on the reinsurer, despite reporting COR at over 100% for five consecutive years.
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- January 25 2024
MS Amlin completes Singapore’s first-ever ILS renewal with US$35m Phoenix 2 Re
The Lloyd's player now has more than US$80m capacity in Asia through the twoi insurance-linked secuirities vehicles.
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- January 25 2024
China’s parametric pilots for nat cat cover finding early success: Taiping Re CEO
Wider use of index-based insurance and ILS is key to finding much-needed capacity for (re)insurers and widening nat cat insurance, according to Sheldon Yu.
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- January 24 2024
China Re can absorb Great Wall AMC write-off hit: S&P Global
Losses from a potential full write-off of the reinsurer's 6.5% stake in the state-owned bad debt manager would be within the reinsurer's capital buffer backing its rating.
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- January 23 2024
Thai Re to improve underwriting results in 2024 with COR below 100%: Fitch
The rating agency has affirmed the reinsurer's rating at 'A-' (strong) with a stable outlook based on strong capitalisation, favourable company profile and expectation of steady earnings from FY 2024.
