Industry Segments: Reinsurers Page 22 / 73
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- July 3 2023
New capital, moderated demand lead to orderly 1.7 renewals: Gallagher Re
There were significant year-on-year rate increases and reinsurers sought to bring terms and conditions in line 1.1 and 1.4 renewals.
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- July 3 2023
Korean regulator mulling separate licence for reinsurers
The revised licensing regime will only apply to new players and is intended to bring more capacity and competition to the market, according to a Korean Re report.
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- June 30 2023
Suncorp joins Australia’s cyclone reinsurance pool
All new and renewal policies for home, strata, landlord and small business property insurance across the group’s brands, including AAMI, Apia and Vero, will now access the pool.
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- June 30 2023
Inver Re plots course for expansion of index products in APAC
The region’s cyber, marine and specialty will form a core market for the placement and structuring of ILW offerings, says Tom Johansmeyer.
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- June 29 2023
Lack of cross-border clarity slows (re)insurers entry into India’s Gift City
Despite the regulatory push, only four carriers have so far set up in the financial hub, with most non-life players awaiting clearer regulations.
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- June 27 2023
Retro capacity on slow path to recovery
While capacity providers are re-entering and the ILS sector is buoyant, the impact on 1.7 renewals will be limited as it takes time for the capital to feed into the markets.
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- June 27 2023
Scor appoints Fabrice Bregier as chairman
Bregier succeeds Denis Kessler, who died earlier this month.
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- June 23 2023
WTW India appoints Anand Kolhe as exec vice-president, facultative reinsurance
Prior to this move, he was associate director with Gallagher’s Indian insurance brokerage arm Edelweiss Gallagher Insurance Brokers.
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- June 22 2023
Analytics: Hong Kong and China P&C players’ underwriting margins squeezed
Carriers are under pressure as reinsurance costs rise, however, at 10% coverage for the top 15 Chinese insurers, there is plenty of room to grow.
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- June 21 2023
Korea’s Nonghyup Property and Casualty inks strategic parternship with Vietnam’s PVI Insurance
The two carriers plan to extend reinsurance capabilities and share customer networks and services in South-East Asia.
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- June 21 2023
‘Surprise’ losses put pressure on pricing for New Zealand renewals
Cedents and reinsurers alike are seeking to come to terms with a shifting threat landscape, especially where cat-exposures are concerned.
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- June 19 2023
Asian Re rating outlook positive as it lays out plan to improve underwriting results: AM Best
The rating agency affirmed B+ (good) rating and noted that the reinsurer's COR has improved to 103.3%.
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- June 16 2023
‘Late’ July renewals to continue hardening trend
Sluggish retro markets, and elevated nat cat losses in Australia and New Zealand will weigh on 1.7.
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- June 16 2023
Axa XL Re’s Japan CEO to step down
Takashi Oka will leave the global specialty (re)insurer on July 1 after seven years in the role.
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- June 15 2023
IAG hikes rates substantially in New Zealand and Australia
The carrier said price rises of up to 30% were a result of unprecedented nat cats, claims' inflation and reinsurance costs.
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- June 13 2023
Fubon hamstrung by US$620m reinsurance recoveries for Covid claims
Hannover Re is among the reinsurers with the most exposure and a resolution could be months away, IAN understands.
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- June 13 2023
Seoul Guarantee Insurance to file for IPO this month: report
The state-owned carrier, which is expanding overseas with reinsurance tie-ups with Allianz Trade and Coface, is eyeing a listing later this year as its biggest shareholder plans to exit.
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- June 9 2023
Guy Carpenter eyes growing APAC MGA sector with Steve Warwick
The broker's APAC CEO Tony Gallagher says the regional program market has seen tremendous growth in recent years.
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- June 9 2023
China targets global cedents with Shanghai reinsurance hub
The international board, launched on June 8, rolls out incentives for international (re)insurers to tap the country's capital.
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- June 8 2023
GIC Re set to appoint Ramaswamy Narayanan as chairman
The government will also appoint United India Insurance general manager Rajeswari Singh as chairman and managing director of National Insurance.
