Industry Segments: Reinsurers Page 17 / 73
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- November 10 2023
GIC Re reports 9% dip in H1 earnings, COR deteriorates to 117%
The state-owned reinsurer reported a premium income of US$23.5bn and a profit after tax of US$2.85bn.
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- November 9 2023
Reinsurers are there to protect cedents’ balance sheets, not P&L volatility: Axa XL Re’s Guidée
The chief executive flags up US casualty exposure concerns for APAC insurers as “risks are more interconnected”.
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- November 8 2023
Axa Hong Kong completes first inward ceding deal on Shanghai reinsurance platform: report
The insurer ceded its Hong Kong-Guangdong cross-order motor insurance business to Axa Tianping P&C.
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- November 6 2023
Cautious approach on Aswata’s reinsurance dependence and panel: Fitch
The rating agency has affirmed an insurer rating of AA(idn) with a stable outlook, primarily driven by its high capitalisation and sustained high underwriting profitability.
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- November 6 2023
SIRC: Five key themes from the 2023 edition
With the region's biggest reinsurance gathering behind us, we bring you the big takeaways from last week's Singapore event and what they mean for the upcoming renewals.
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- November 3 2023
Roshan Perera to lead Gallagher Re APAC strategic solutions
Prior to joining Gallagher Re last year, Perera had spent over 12 years with consultancy firm consultant NMG Consulting.
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- November 3 2023
SIRC: Much more to be done to convince capital markets — Peak Re’s Hahn
Franz-Josef Hahn, the reinsurer's CEO, and Jasmine Miow, director of South Asia and SE Asia, spoke to IAN on nat cats, ILS, Asia's rising middle class and professional lines.
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- November 2 2023
SIRC: Expert panel urges more action on climate change in APAC during record year
Reinsurers, insurers and brokers need to help clients monitor and adapt as the climate in the region changes fast and losses pile up.
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- November 1 2023
SIRC: ‘There are more purchases towards the capital piece than the earnings piece’ — Gallagher Re’s Mark Morley
The broker's head of Asia Pacific is looking for a 'more nuanced approach' to the upcoming 1.1 renewals as it targets ‘ambitious’ growth around the region.
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- October 30 2023
SIRC: Reinsurance capacity squeeze higher this year for APAC insurers — Gallagher Re
The region's insurers are optimising their balance sheets and considering new operating models, according to the global broker.
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- October 27 2023
Asian reinsurers will continue to post underwriting losses through 2024: S&P Global
These carriers have not yet managed to fully pass through higher retrocession costs to the direct insurers.
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- October 26 2023
Labuan Re to report moderate growth ahead: AM Best
The rating agency has affirmed an insurer rating of ‘a-’ (excellent) for Labuan Reinsurance with a stable outlook.
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- October 20 2023
AM Best affirms Peak Re’s ratings as focus on risk selection helps earnings rebound
The rating agency has affirmed the Hong Kong-based reinsurer's financial strength rating of A- (Excellent) with a negative outlook.
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- October 20 2023
Record heat in 2023 spurs myriad APAC nat cat losses
15% of insured nat cat losses so far this year have been in Asia, with yet another US$100bn-plus loss year in the making, says Gallagher Re.
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- October 20 2023
Gallagher Re hires Priyanka Bhalla as associate director for India
Mumbai-based Bhalla joins from domestic broking company Hero Insurance Broking, where she was vice-president, reinsurance.
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- October 19 2023
India dam collapse claims’ burden on carriers may be lower due to glacial lake outburst rider
Early reports by the National Disaster Management Agency say the event was likely a GLOF, for which claims payable are capped at US$60m per any one accident.
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- October 16 2023
PICC injects US$280m into PICC Reinsurance
The company said the cash injection, which will boost capital to around US$760m, will help the reinsurer support business development and strengthen synergies.
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- October 12 2023
Liberty Mutual Reinsurance appoints Alex Koh as senior underwriter
Koh was treaty manager for China Reinsurance Corporation (Group) in its Singapore branch.
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- October 12 2023
IAG’s Hunter Hailstorm loss creep to squeeze H1 margins
Reinstatement costs of US$45m also to hit performance, as IAG's CEO laments a "substantial and sustained reduction" in reinsurance global capacity.
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- October 10 2023
Reinsurance-driven Indonesian non-life carriers continue to face underwriting challenges: AM Best
AM Best has assigned a negative sector outlook for the Indonesian non-life insurance sector due to heightened reinsurance credit risk.
