Reinsurance
Peak Re’s capitalisation remains robust amidst strong profits
Its net profit reached $200m in 2023.
Tough reinsurance market compounded by IFRS 17
Although this shouldn’t affect a company’s financial strength, says AM Best.
Mega Insurance seen to shift reinsurance strategy amidst domestic concerns
Its investment portfolio has been 90% cash equivalents and fixed-income securities.
Reinsurers meet cost of capital for first time in four years
The industry's weighted average cost of capital rose to 8.12% in 2023.
Central Reinsurance Q2 2024 net income surges to $183m
EPS stood at $0.03.
Swiss Re targets over $3.6b FY24 net income, bags $2.1b in H1
EPS for the period was $6.97.
GIC Re's profit climbs to $12m in Q1 2024
Its assets grew to $2.22b.
SCOR merges APAC Life & Health units under new leadership
Dion Russell left SCOR to pursue other opportunities.
De-risking drives reinsurance market stability
Current claims activity is increasingly influenced by medium-sized events.
VINARE bags $14.27m pre-tax profit in H1 2024
It targets to reach pre-tax profit of $20.2m by yearend.
Munich Re’s net profit soars 40.6% YoY in Q2 2024
The company hopes to reach $5.5b by the end of the year.
Aon names new leader of aviation reinsurance
He joined Aon back in 2015.
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.
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
