Industry Segments: Reinsurers Page 21 / 75
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- September 25 2023
Nat Re’s underwriting to improve on exit from unprofitable non-life treaties and focus on life, specialty: AM Best
The rating agency has affirmed the reinsurer ratings of the Philippines' sole reinsurer.
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- September 20 2023
Miller rolls out APAC treaty team with Lockton Re raid
The team led by Richard Broad will see Bruce Ford and Pei Nee Goi join him in Singapore, while Jo Garnett and Hui Sin Low join in Malaysia.
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- September 15 2023
Miller taps Lockton’s Richard Broad as head of treaty reinsurance APAC
Singapore-based Broad's appointment follows a recent leadership rejig at the specialist broker that saw Nigel Cross named head of facultative reinsurance in the region.
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- September 15 2023
Lockton names Piers Hughes Asia head of reinsurance
Hughes, who started in the role on September 13, will continue to be based in Singapore and report to Warren Merritt, regional CEO - Asia Pacific.
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- September 14 2023
RVS Monte Carlo: What APAC markets can learn from the 2023 edition
Secondary perils, cyber risk and pressure from the war in Ukraine dominated discussions at the reinsurer meet-up, as well as the return of industry legend Brian Duperreault.
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- September 13 2023
Record rains add ‘further pressure’ on Hong Kong’s reinsurance renewals: AM Best
The impact of the black rainstorm is likely to be more of an earnings event for the market, rather than a material hit to capital adequacy, the rating agency noted.
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- September 12 2023
Swiss Re’s Mael He becomes head of client underwriting, China
Prior to the appointment this month, He was heading the reinsurer's APAC agriculture business.
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- September 12 2023
RVS Monte Carlo: APAC carriers hit by secondary peril volatility, but losses yet to impact reinsurers — Aon
Historic flood losses from around the region on the agenda as leading (re)insurance players gather in Monaco.
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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.
