Industry Segments: Reinsurers Page 30 / 75
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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.
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- January 4 2023
Asean, China rates up 20% in ‘late and tense’ 1.1 renewals: Gallagher Re
Retro deductibles and pricing rose across the region, while reinsurer exits hit Korea, Australia placements.
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- January 3 2023
2023 offers (re)insurers a slow path to recovery
Despite the challenges, carriers will find a way out of the woods as rates stabilise and more capital is made available.
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- December 30 2022
Renewals largely completed at client-issued structures, pricing: Guy Carpenter
Property was the most challenged sector with market adjustments focused on pricing, attachment and coverage.
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- December 29 2022
Philippines regulator sets aside cat premium hikes
The Insurance Commission has suspended the revised schedule of minimum catastrophe rates that took effect from November 1.
