Industry Segments: Reinsurers Page 38 / 87
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- May 12 2023
Hannover Re sees up to 20% nat cat rate hike in Japan 1.4 renewals
APAC benefits from the discontinuation of proportional business; books US$100m of New Zealand cat losses.
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- May 5 2023
Swiss Re Asia 1.4 renewal premiums grow 25%
The reinsurer booked US$171m in New Zealand Q1 cat losses, says "a continuation of related costs seems unlikely at the moment'.
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- May 5 2023
Frontier launches fac broker with ‘big Australia focus’
The wholesale broker will focus on finding capacity for hard-to-place risks such as crypto, cannabis, cyber and tech PI.
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- May 3 2023
Peak Re COR at 101.4% as it reports first-ever net loss
The Hong Kong-based reinsurer's GWP grew 7% to US$2.3bn in FY 2022, but it posted a net loss of US$81m.
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- April 28 2023
Zhongyuan sees stable business ahead, cat cover low: AM Best
AM Best has affirmed the insurer a rating of B++ (good) with a stable outlook, but says it requires more cat reinsurance.
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- April 26 2023
Aon names Paul Grasso head of treaty, Australia and New Zealand
The broker's former head of property is part of the Reinsurance Solutions team and is based in Sydney.
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- April 24 2023
Tower to sustain underwriting profits despite nat cat events: AM Best
The majority of the gross cost involved with weather events was absorbed by its catastrophe excess-of-loss reinsurance treaty.
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- April 24 2023
New Asia player Deutsche Rück eyes expansion after beating 2023 target
Digitalisation, new and emerging risks, regulatory changes and infrastructure development will be regional growth drivers, says Asia managing director Tarik Aouad.
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- April 21 2023
Lloyd’s syndicate Volante Global launches India office
The syndicate has hired Laxmeekant Walikar, former India CUO at Axa XL, as India managing director in Mumbai.
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- April 20 2023
Hannover Re becomes third major to leave Net-Zero Insurance Alliance
The reinsurer has joined Munich Re and Zurich in quitting the global climate group but hasn't given a specific reason.
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- April 18 2023
RMS Moody’s appoints client director in Singapore
Corene Lim, who joins the modeller in Singapore, was earlier a market development analyst at AM Best.
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- April 17 2023
Chinese non-life carriers have solid capital, reinsurance to face cat risks: Fitch
A steady investment yield contributes favourably to most insurers’ overall operating stability and underwriting performance.
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- April 17 2023
HKFI seeks easier re-domiciliation and improved positioning to attract global majors
Policy recommendations have been submitted by the Hong Kong Federation of Insurers to the Financial Services and Treasury Bureau and the Insurance Authority.
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- April 17 2023
APAC aviation renewals on course for 50% hikes
Middle and higher XOL treaty layers see steep climbs while terms and conditions are under scrutiny, especially for war risks.
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- April 13 2023
J.B. Boda Viva Indonesia Reinsurance Brokers names Ricky Natapradja as CEO
He has held senior positions in Sompo Insurance Indonesia and Mitra Proteksi Madani.
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- April 4 2023
Easing capacity constraints offer hope for mid-year renewals: Aon
April renewals progressed in an orderly fashion as the reinsurance market has found itself on a more sustainable footing.
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- April 4 2023
Hannover Re names Firdaus Kasman as Korea team lead
Kuala Lumpur-based Kasman will also continue to head the reinsurer's affinity team with responsibility for Asean, South Asia, Korea and Japan.
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- April 4 2023
Korean risks reeling from large industrial losses see 50% hikes in 1.4 renewals
Protracted negotiations on structures and data analysis requirements due to changes to cessions led to delays.
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- April 3 2023
Rate hikes, significant structural changes make April 1 renewals challenging: Gallagher Re
"We certainly didn’t see any meaningful new capacity, or any other indication that reinsurers are prepared to cede their hard-won pricing territory any time soon," says global chief executive James Kent.
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- April 3 2023
Japan bucks the trend with orderly 1.4 renewals
Alarmist projections of 35% hikes haven't materialised as the market saw a broad rating uplift of 15-20% with client and reinsurer expectations better aligned than at 1.1.
