Industry Segments: Reinsurers Page 74 / 76
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- January 8 2016
Sumitomo Life approved for US$3.8bn Symmetry deal
Approval issued after regulator says deal is not hazardous or prejudicial to the insurance-buying public.
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- January 5 2016
IAG secures US$7bn reinsurance cover for 2016
The new programme provides protection for most parts of Asia, as well as Australia and New Zealand.
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- December 15 2015
Lloyd’s registers first Malaysian reinsurer
AFR Asia Pacific becomes one of only 219 Lloyd’s registered brokers across the world.
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- December 11 2015
Negative outlook for reinsurance industry, says Moody’s
Shrinking demand and excess capacity has created sustained pressure on reinsurers.
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- December 11 2015
Sompo Japan scraps investment in reinsurer Scor
The Japanese nonlife insurer may also unload the shares it already owns in the French reinsurer.
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- December 4 2015
Zurich to exit general insurance in Middle East
The embattled insurer is expected to exit the region by the end of 2016 as part of a global restructuring.
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- December 3 2015
Axis Capital to join Lloyd’s China platform
Subsidiary Axis Syndicate 1686 will focus on treaty reinsurance business beginning January 1, 2016.
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- November 27 2015
Sompo sets up reinsurance unit in Zurich
The Japanese insurer has set up a reinsurance company in Switzerland under its wholly owned subsidiary Canopius.
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- November 18 2015
China seals insurance regulations deal with Russia
CIRC and Bank of Russia agree to promote cooperation between the two countries' insurance regulators.
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- November 17 2015
IRDA fast-tracks entry of Lloyd’s in India
The Insurance Regulatory and Development Authority of India is paving the way for an onshore presence.
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- November 13 2015
Bangladesh cancels insurance licence for first time
Standard Insurance has lost its operating licence for failing mandatory reinsurance regulation.
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- November 12 2015
Premiums growing faster than economy in emerging Asia
Lloyd's CEO Inga Beale says EMs account for nearly 50% of global insurance growth.
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- October 30 2015
Swiss Re declares profit rise despite Tianjin losses
The Zurich-based re-insurer posted a 13% rise in Q3 profit even after US$250m Tianjin losses.
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- October 30 2015
See you at SIRC
Insurers, reinsurers and risk managers will gather next week for the 13th Singapore International Reinsurance Conference.
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- October 29 2015
Validus hires China-focused underwriting manager
The appointment of Ellie Zhou forms part of the Bermuda-based insurer's continued expansion in Asia.
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- October 23 2015
Lloyd’s and China Taiping sign cooperation deal
Under the terms of the MoU, Lloyd's will help China Taiping to expand its global business network.
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- October 22 2015
Odyssey Re gets approval to establish office in Beijing
The US-headquartered reinsurer says China is a strategically important and evolving market.
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- October 22 2015
Korean Reinsurance gets ratings affirmation
The move reflects the insurer’s adequate risk-adjusted capitalisation and operating performance.
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- October 13 2015
Investors commit US$1.2bn for China Re IPO
Cornerstone investors include Great Wall Pan Asia, State Grid and China Development Bank.
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- September 29 2015
China eyes Bermuda reinsurance market after Tianjin
The explosions in Tianjin are spurring China to consider new sources of insurance.
