Industry Segments: Reinsurers Page 17 / 76
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- March 11 2024
Axa XL promotes Zoe Xie to property underwriting manager in Singapore
Singapore-based Xie will oversee the development and execution of the global (re)insurer's property strategy.
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- March 6 2024
Reinsurance pricing likely to peak in 2024: Moody’s
The demand for reinsurance will remain robust in 2024, despite subdued economic growth, which will support strong sector earnings, according to a new global report.
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- March 6 2024
Kay International AMEA establishes Singapore hub for South-East Asia expansion
The Dubai-based reinsurance broker has appointed Ho Wing Hoong as regional chief executive and director to lead the regional subsidiary.
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- March 6 2024
Sompo to align global P&C reinsurance purchase with senior appointment
Group veteran Koji Takahashi has been named chief risk officer and head of reinsurance for Sompo Japan and he will work closely with SompoRe.
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- March 6 2024
Howden Tiger takes QBE chief actuary Karl Marshall as APAC head of advisory and analytics
Sydney-based Marshall will lead cat and actuarial analytics build-out and strategy across the region and advise on reinsurance and capital solutions.
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- March 6 2024
China Re, PICC team up to form rule-setting body for typhoon, flood risks: report
The state-backed working group seeks to build a risk assessment platform to offer tailored insurance coverage for the two perils.
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- March 4 2024
Miller taps Marsh for Asia head of operations
Singapore-based Frédérique Champvillard will support the firm’s strategic expansion into Asia with a focus on client service.
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- March 1 2024
Opinion: How long will it take for Asia to bridge the nat cat protection gap?
Despite Asia constantly hitting records with the costliest catastrophes happening in the region, the sort of nat cat cover that can be bought in many economies in Asia Pacific is necessarily constrained and ineffective in the face of the growing threat from climate change.
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- February 28 2024
Gallagher plans APAC fac buildout with Singapore, Sydney hubs
The broker, which is hiring a new team in the hub, wants to support the underwriters locally while writing business from around the world as it brings the offering under one international platform, according to Malcolm Payton.
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- February 27 2024
Indian regulator approves Aon’s acquisition of Global Insurance Brokers
Aon and GIB will continue to operate independently until the transaction is completed in the coming months.
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- February 26 2024
Taiping Re may post FY 2023 underwriting loss on Turkey, Hong Kong cat exposures: Fitch
Higher retentions, reduced excess-of-loss coverage and increased retro cost are weighing on the reinsurer's performance, with its COR for the first half up at 106%.
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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.
