Industry Segments: Reinsurers Page 37 / 73
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- March 23 2022
TransRe deal to expand Berkshire Hathaway’s Asia footprint
The P&C reinsurer has offices in Hong Kong, Singapore, Shanghai, Tokyo and Sydney.
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- March 17 2022
MS Amlin expands in Singapore with two appointments
The Lloyd's syndicate has hired from Willis Re and promoted a claims specialist from Malaysia.
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- March 17 2022
Suncorp sees 34,000 flood claims, ups nat cat allowance
The group is forecasting a net retained loss of US$54m as it seeks recoveries from reinsurance.
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- March 11 2022
Hannover Re APAC profits up 66%
Strong growth came despite competition from China’s new state-owned agriculture reinsurer.
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- March 10 2022
IAG ups FY nat cat estimate to US$800m
The group has received 24,000 recent flood claims and says that it has 'all hands on deck'.
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- March 9 2022
Lockton (re)insurance arm targets Australia, NZ with former Willis Re execs
John Philipsz, Russell Hails and Max Garratt have joined the broker's advisory team in Sydney.
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- March 3 2022
Reinsurers on alert as Australia flood claims projected to top US$1.45bn
The Queensland and NSW floods could become one of the costliest nat cats in the country's history.
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- February 28 2022
Swiss Re names new Asia CEO as global P&C profits hit US$2.1bn
Global head of L&H Paul Murray to start in April as Russell Higginbotham handed CEO, Reinsurance Solutions role.
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- February 28 2022
Gallagher Re taps Munich Re for Australia chief exec
Sydney-based Heather Bone will join the global broker on March 16.
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- February 23 2022
Hannover Re eyes ILS in Asia
Hannover Re thinks Asia could play key diversification role as reinsurer transfers record US$2.7bn in cat bonds to capital markets.
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- February 9 2022
‘Fast growth markets’ boost Scor’s 1.1 renewals
The reinsurer saw a 'continuing hardening' of the P&C treaty market.
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- February 8 2022
Tackling Australia’s affordability crisis won’t be easy
Government signs off reinsurance pool design days after prudential regulator lists 2022 priorities.
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- February 4 2022
Hannover Re boosted APAC premiums by 8.2% at 1.1 renewals
Conditions and rates were stable or trended in a positive direction, the company said.
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- January 25 2022
Malaysian Re renews voluntary cessions until end of 2024
The reinsurer helps support the Malaysian Aviation Pool and Malaysian Energy Risks Consortium.
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- January 24 2022
Peak Re appoints P&C head of product underwriting
Piotr Nowakowski joins in February in Hong Kong and was most recently at Echo Re.
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- January 21 2022
GIC Re faces US$270m cession loss
1% cession cut hands advantage to foreign players.
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- January 19 2022
India reduces reinsurance cession requirement to 4%
The new IRDAI rules are for the sum insured on general insurance and kick in from April 1.
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- January 17 2022
Singapore P&C recovery continues
Non-life premiums increased by 7.5% in Q3 2021 led by property, motor and cargo in pandemic bounce back.
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- January 14 2022
Fitch downgrades Indonesia’s Nasional Re
The rating agency cited potential volatility from its credit book which accounts for 26% of total GWP.
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- January 14 2022
Climate crisis dominates Asia’s risk outlook
Nat cats caused US$50bn of losses in APAC in 2021, as WEF says top five risks are linked to climate change.
