Industry Segments: Reinsurers Page 19 / 73
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- September 11 2023
Hannover Re expects APAC rates to harden further in 2024 after 1.4, 1.6 and 1.7 uplift
The reinsurer expects insurers to raise retentions for nat cats to counter increased costs, as it secured better prices and conditions, especially for non-proportional treaties.
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- September 11 2023
Despite volatility, Asian reinsurers set for better underwriting results: AM Best
The overall combined ratio of APAC's leading reinsurers improved slightly to 100.8% in FY 2022 from 101.1% in the previous year.
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- September 11 2023
Asian reinsurance rates to stay high in FY 2023: Fitch
Rate increases and tighter renewal terms have offset the impact of inflation-induced rising claims.
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- September 8 2023
S&P upgrades reinsurance outlook, hardening to continue
The average combined ratio of the top 20 global reinsurers was 96% in FY 2022 with positive trends continuing in H1 2023.
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- September 8 2023
Tysers Singapore ropes in Babita Rai as reinsurance MD
In her new role, Rai will lead the AUB Group-owned Lloyd's wholesale broker's reinsurance operations in the Lion City.
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- September 6 2023
Global reinsurers improve underwriting results marginally, revenue dips in H1 2023: Gallagher Re
While the overall underlying COR improved to 87.6% in H1 2023, the strongest performance in the last decade, revenue growth declined to 8.7% compared with 13.5% in H2 2022.
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- September 5 2023
Reinsurance rates to rise further across all lines in 2024: Moody’s
Demand for reinsurance to remain flat as cedents do not plan to purchase additional protection, mainly because of its high cost, a survey by the rating agency shows.
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- September 4 2023
Jeslyn Tan appointed Singapore Reinsurers’ Association executive director
Tan, who succeeds Jeffrey Yeo, will take charge from September 4.
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- September 4 2023
Volante bolsters Asia operations with senior management move
Bilal Zafar, a managing director of the Lloyd's syndicate, has relocated from London to Singapore.
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- September 1 2023
PICC on hook for US$530m from Typhoon Doksuri with reinsurance deductibles at US$150m
The slow moving, powerful storm in July, which was China's costliest typhoon on record, has left the market with a claims' bill of over US$1bn.
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- September 1 2023
Toa Re on course to improve its underwriting performance: AM Best
The rating agency has affirmed an A (excellent) with a stable outlook for the Japanese reinsurer though its COR has remained about 100% for the last five financial years.
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- August 31 2023
Chaucer’s COR turnaround propels China Re H1 results
The global specialty player benefited from rising rates and lower losses from catastrophes.
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- August 31 2023
Francis Savari lands UIB Asia Reinsurance Brokers CEO role as Hiroki Miyamoto moves to London
Singapore-based treaty specialist Savari (pictured left) joins the broker as Miyamoto aims to help facilitate Japanese client business from the UK.
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- August 28 2023
India’s new reinsurance regulations are small steps towards global hub status
Reduction in capital requirements could encourage smaller global players to come into the market but there was no 'game-changing' move.
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- August 25 2023
Tokio Marine China’s premium growth could be under pressure from tightening reinsurance rules: Moody’s
The rating agency has affirmed A2 rating with a stable outlook for the subsidiary of the Japanese insurer.
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- August 25 2023
China Taiping’s P&C H1 domestic profit falls 68%; Taiping Re’s COR increases to 105.8%
The group's overseas P&C insurance business, which has units in Hong Kong, Macau, Indonesia and Singapore, saw net profit climb 10%.
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- August 25 2023
IRDAI approves reinsurance regulation amendments
The minimum capital requirement for foreign reinsurance branches has been halved to US$6m, with the provision to repatriate any excess assigned capital.
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- August 23 2023
Asian reinsurers lag behind global peers in FY 2022 P&C premium growth: AM Best
The combined ratio for APAC reinsurers for FY 2022 stood at 100.8% against a global average of 95.6%.
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- August 18 2023
US insurers have US$1.3bn exposure to China Construction Bank letters of credit: AM Best
The Chinese lender has seen a 1,560% year-on-year increase in reinsurance collateral LOCs issued.
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- August 18 2023
AM Best expects Korea P&I Club’s ‘underwriting fundamentals’ to improve; affirms ratings
After a difficult few years, the Korean carrier has been taking action such as premium increases, the non-renewal of unprofitable policies and enhancing terms.
