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Reinsurance tag returned 1180 results

  • Australia: APRA to curb use of offshore reinsurance

    The Australian Prudential Regulation Authority (APRA) is proposing revisions to a prudential standard to counter the potential risk from life insurers' increased use of offshore reinsurers, and to improve clarity on key definitions.

    Asia | 09 Apr 2021
  • Japan: Willis Re outlines 1 April P&C reinsurance developments

    Many reinsurers recognise that the primary fire market in Japan is seeing favourable rate development, says Willis Re in its latest 1st View renewals report.

    Asia | 09 Apr 2021
  • Southeast Asia: Capacity dampens price increases in regional retro segment - Willis Re

    Significant capacity was deployed in the Regional / Multi-territory Retro market in the region stifling previously anticipated price increases in the 1 April renewal period, says Willis Re in its latest 1st View renewals report.

    Asia | 06 Apr 2021
  • India: CAT activity seen as relatively benign

    The Indian market once again witnessed lower catastrophe activity this year. Treaties of the public insurers, though, suffered losses due to super cyclonic Storm Amphan which hit eastern India in May 2020. The other two cyclones which hit either side of the Indian peninsula -- Nisarga (June 2020) and Nivar (November 2020) -- were relatively benign, says Willis Re in its April 2021 edition of its 1st View renewals report.

    Asia | 05 Apr 2021
  • Reinsurance: Pricing for 1 April renewals stay firm - Willis Re

    International reinsurance renewals completed for 1 April 2021 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories.

    Asia | 02 Apr 2021
  • Hong Kong: Peak Re more than doubles net profit in 2020

    Hong Kong-headquartered Peak Reinsurance more than doubled its net profit to $90.8m for 2020 compared $35m for 2019,according to the 2020 financial report released by Fosun International which is the majority owner of the reinsurance company.

    Asia | 02 Apr 2021
  • Nominations open as Asia Insurance Industry Awards mark silver jubilee

    Nominations are open for the 25th annual Asia Insurance Industry Award (AIIA) which salute excellence in the insurance industry in Asia Pacific.

    Asia | 02 Apr 2021
  • Shipping: Ever Given losses could amount to US$200-250m, per Oakeshott Insurance

    The insured losses from the six-day blockage of the Suez Canal may total between $200m and $250m, distributed among cargo insurers, P&I and, possibly, the insurers of the Suez Canal Authority (SCA), says Mr George Grishin, managing director of Oakeshott Insurance, a Lloyd's insurance and reinsurance brokerage.

    Asia | 02 Apr 2021
  • Shipping: Lloyd's sees 'US$100m or more' loss due to Suez Canal blockage

    The blockage of the Suez Canal for nearly a week will result in a "large loss" for Lloyd's of London, its chairman has said, according to a Reuters report. He added that the loss for Lloyd's could be around $100m or more.

    Middle East | 01 Apr 2021
  • Malaysia: Insurance industry has a strong future post-COVID

    Malaysian Re released the second issue of its Malaysian Insurance Highlights 2020 in late February, covering the development of the insurance industry throughout the year - examining the impact of the COVID-19 pandemic on Malaysia's economy and its insurance markets. We spoke to president and CEO Zainudin Ishak about the results and its implications on the industry's future.

    AIRPlus | 01 Apr 2021