Reinsurance
Central Re’s finances bolstered by prudent investments and retrocession
Central Re’s finances bolstered by prudent investments and retrocession
AM Best sees Central Re to continue focusing on low-risk, fixed-income investments.
Talcott Financial enters reinsurance deal in Japan
It also expanded its APAC presence with a new appointment.
Howden Re boosts cyber reinsurance with new appointment
The company forecasts the cyber insurance market to reach $40b by 2030.
Miller expands Asian team, appoints Edward Cheak
He brings over a decade of experience.
Munich Re Korea gets new CEO
His role is effective 1 August.
Swiss Re reels Alan Wilson as board of directors
He was MSIG Asia's CEO for 14 years.
Munich Re’s technical performance boosts market position
The reinsurer reported a strong net income of $2.3b in Q1.
China Re to expand role in agri and catastrophe coverage
The group is also likely to continue its international expansion.
GIC Re’s underwriting losses widen by 71.1% YoY for end-March
Its combined ratio increased to 111.82%.
Global insured losses hit $58b in H1 2024
Natural catastrophes resulted in over 6,000 fatalities, the lowest since 2020.
Global NatCat drive $61b in insured losses in H1 2024
The region accounted for 6% of the total.
Toa Reinsurance grows net income by sixfold in FY 2023
Its net written premiums, on the other hand, dwindled 12.5%.
Lloyd's forms coalition to boost diversity in insurance
It includes eight market firms.
Nat Re posts record profits in 45th year
It saw its net profits surge 862% to $9m.
Current hard market challenges new reinsurer entries
Mainly these are competition, capital raising, and higher barriers to entry.
Reinsurers gain confidence with improved loss ratios
Some exceeded a 20% return on equity (ROE) in the first quarter.
Reinsurance market stabilises amid mid-year renewals
Property catastrophe reinsurance rates were generally flat to slightly down.
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