Closing India's large protection gaps and supporting the growth of new and existing insurance lines will require significant additional capacity, as well as innovation, according to Aon in its "Reinsurance Market Dynamics April 2024" report.
Global Risk Solutions (GRS), Liberty Mutual's global commercial and specialty (re)insurer and international insurance operations, has been restructured to bring together two business units in Asia - LSM and Asia Retail Markets - under a single unified strategy in the region.
Hong Kong's Insurance Authority (IA) held its Insurance-linked Securities (ILS) Conference earlier in April 2024. The conference, tailored specifically for institutional investors and related professional service providers, was the first of its kind.
Africa-focused reinsurers are rising to the challenge of the increasingly evolving risk landscape, even as persistent high inflation and slowing economic growth weigh on the continent, says Munich Re.
GIC Re, India's only locally incorporated reinsurer, plans to increase the proportion of its international business to diversify its revenue sources.
Members of the Netherlands-headquartered International Credit Insurance & Surety Association (ICISA) met recently in Porto, Portugal, to address the challenges and opportunities encountered by the sector in a dynamically changing global environment.
Howden Tiger, the global reinsurance arm of Howden, will rename itself as Howden Re in April 2024.
1 April renewals in China saw the consolidation of favourable trends witnessed at the January renewals and an easing of market conditions from 2023, according to Aon in its "Reinsurance Market Dynamics April 2024" report released earlier this week.
China's biggest reinsurance group, China Re, has posted a turnaround in its financial results with net profit attributable to equity shareholders of the parent company amounting to CNY5,652m ($781m) in 2023, representing a huge year-on-year increase of CNY5,977m, from a net loss of CNY324.6m in 2022.
AXA China Region Insurance Company (Bermuda) Limited (AXA Insurance) has completed the acquisition of all the shares of XL Reinsurance (China) Company (XL Re China), according to a company statement.