Industry Segments: Reinsurers Page 29 / 74
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- February 1 2023
Axa XL appoints Dan Bryan head of Asia, reinsurance
Axa XL's head of treaty underwriting for Asia replaces Ann Chua who becomes a special adviser.
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- February 1 2023
New Zealand’s insurers reel from country’s ‘worst-ever’ climate catastrophe
As adjusters start work, hundreds of million of dollars of claims are expected, including significant commercial damage.
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- January 30 2023
Asia 1.4 renewals to bring more rate hikes and tough negotiations
Nat cats are set to impact the Philippines, while global trends will push up pricing in India and Japan.
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- January 27 2023
S&P lowers Toa Re’s rating to A after large Covid and cat claims
The Japanese reinsurer made a loss in the first half of the current fiscal year and its combined ratio has exceeded 100% for four consecutive years.
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- January 27 2023
Japan’s carriers support marine war market as deadline looms
(Re)insurers could see a potential US$1bn loss in February for policies connected to stranded ships.
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- January 26 2023
Berkley Re Asia appoints senior China casualty underwriter
Ling Li has most recently been a liability senior underwriter at PICC P&C.
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- January 25 2023
Micia Yong handed executive role at Gallagher Re
In her new role, Yong will be responsible for retrocession and client work in Asia Pacific.
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- January 25 2023
Aon implements OED standard for property reinsurance risk modelling
Initial testing on reinsurance placement data for Japan, Australia and China has proved highly successful.
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- January 19 2023
Competition cushions China renewals
Despite tough market conditions, cedents managed to extract some concessions.
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- January 19 2023
Sure Insurance joins Australia’s cyclone pool
The Queensland home insurer is backed by Liberty Mutual Insurance and Pacific International Insurance.
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- January 17 2023
Domestic market dynamics reshape Asean renewals
While rating downgrades shook up Indonesia, carriers sought ‘payback’ for Malaysian floods.
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- January 16 2023
MS Amlin secures US$45m capacity for Phoenix 3 Re
The special purpose reinsurance vehicle has secured more capacity than its two predecessors.
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- January 12 2023
Howden Tiger launches as TigerRisk deal completes
A combination of Howden Re and TigerRisk becomes the fourth largest global reinsurance broker with around US$400m of revenue.
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- January 12 2023
IAG renews Berkshire quota share agreement, ceases equity deal
The restructured transaction extends till the end of 2029, but removes limits on Berkshire's shareholding in the carrier.
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- January 12 2023
Reinsurers’ underwriting margins to grow by 4%: Fitch
Property and specialty enter hard market with up to 200% increase in premium rates.
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- January 11 2023
Everest Re signs up Bobby Kwan as APAC senior treaty underwriter
Prior to this appointment, Singapore-based Kwan managed property treaties at Axis Re.
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- January 9 2023
IAG increases maximum first event retention by 75% at 1.1 2023 renewal
IAG cited inflation and market conditions behind the decision. It also renewed quota share deals with Munich Re and Swiss Re.
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- January 9 2023
Malaysian Re’s India, MENA performance help mitigate 2021 domestic flood hit
AM Best has affirmed the Asean reinsurer's rating of A- (Excellent) with a stable outlook.
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- January 9 2023
Asian 1.1 renewals may have been ‘the big reset’
Past the deadline, the market is still busy tying up loose ends and closing gaps in cover.
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- January 4 2023
IRDAI allows auto-renewal of file reference numbers of foreign reinsurers
The change applies to cross-border carriers with credit rating not less than S&P's A- or equivalent.
