Tower ups large event allowance by 33%, expects Gabrielle to trigger reinsurance
February 17 2023 by Andrew Tjaardstra
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South Korea mandates liability cover under new data, crypto regulations: Korean Re
- April 25
The market, which was hit by US$555m in summer rainfall losses last year, is set to benefit from compulsory insurance norms and the local players will also see easing of overseas expansion regulations, a report by the reinsurer says.
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CCR Re’s Africa and Asia FY 2023 GWP increases by 27%
- April 22
The reinsurer saw moderate claims in Asia throughout the year, not affected by big cat events such as typhoons Doksuri in Beijing and Saola in Hong Kong and saw few individual claims in Korea.
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Tower upgrades FY 2024 profit outlook to US$20m
- April 19
The updated guidance assumes full utilisation of the FY 2024 large events allowance, which is set at US$26.5m.
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ICICI Lombard’s FY 2024 underwriting losses up 10% at US$1.2bn, COR dips to 102.2%
- April 18
The Indian general insurer's GWP grew by 17.5% US$3bn and net profit was up 11% year-on-year.
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FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
