Industry Segments: Reinsurers Page 90 / 91
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- August 6 2015
GIC Re, names K Sananth Kumar as acting GM
Industry veteran replaces Ashok Roy who retired at the end of July.
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- August 5 2015
China Reinsurance files for HK IPO
State-owned reinsurer could raise up to US$2bn, hires CICC, UBS and HSBC as joint sponsors.
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- August 5 2015
TigerRisk enters China and names Houqin Zhu as Hong Kong head
Reinsurance broker marks it's first presence in Asia with the hiring of former American Re and QBE Re veteran.
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- August 3 2015
Lloyd’s seeks license to operate in Malaysia
World's specialist insurance market said to be applying for an onshore reinsurance license to operate in Malaysia.
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- July 29 2015
China Minsheng to buy Sirius for US$2.2bn
Acquisition of Sirius seen to give support to CMI's efforts to expand in the Bermuda reinsurance sector.
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- July 24 2015
Peak Re buys into Caribbean insurer Nagico
The Fosun-backed reinsurer has agreed to buy a 50% stake in Nagico as part of its expansion into non-Asian markets.
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- July 23 2015
PhilNaRe to expand life and health business
Expansion in life and health follows PhilNaRe rise in market share to one-fifth last year.
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- July 16 2015
Philippine insurers likely to hit US$4.4bn sales target
Sales growth likely to come from the country's non-life insurance sector, according to PhilNaRe.
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- July 15 2015
Guy Carpenter hails Panda bond as “historic”
Cat bond exemplifies the benefits of convergence between reinsurance and capital markets, says David Priebe.
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- July 10 2015
Chinese monsoon losses almost US$4bn in June
The amount is the largest impact of the month, according to Aon Benfield's Impact Forecasting unit.
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- June 30 2015
Peak Re appoints chief risk officer
The appointment signifies a move to strengthen corporate risk management amid rising international standards and requirements.
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- June 24 2015
Swiss Re becomes first Swiss firm to obtain China’s RQFII licence
RQFII programme allows the reinsurer to gain access to the Chinese financial market.
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- June 24 2015
JLT Re names Asia Pacific veteran as global COO
Craig Brokenshire, formerly COO of JLT's Asia Pacific region, moves from Singapore to London to take up new role.
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- June 23 2015
Bangladesh regulator suspends Standard Insurance
Suspension follows failure to reinsure BDT463.3m (US$5.98m) worth of its policies.
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- June 15 2015
German reinsurance giant Hannover mulls setting up India branch
Considers the possibility of setting up a branch in India as a reinsurer.
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- June 4 2015
Peak Re to partner with Shanghai Typhoon Institute
Collaboration for forecasting on China typhoon activities announced.
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- June 3 2015
Thailand’s life insurance industry captures attention of investors
Several global institutional investors interested in meeting insurance management teams for possible investment.
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- May 25 2015
Swiss Re completes acquisition of RSA’s China business
World's second biggest reinsurer pays GBP71m (US$111m) to acquire Sun Alliance Insurance.
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- May 22 2015
Reinsurers headed for catastrophe, say academics
The way that reinsurers are bundling catastrophe risk has echoes of the pre-crisis subprime mortgage market, warns a new book.
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- May 5 2015
Peak Re makes good underwriting progress in 2014
After-tax profits came in at US$42 million.
