Reinsurance
What will drive the reinsurance sector to bag $68b in four years?
What will drive the reinsurance sector to bag $68b in four years?
In 2023, APAC accounted for 13.3% of global reinsurance premiums.
Swiss Re warns motor insurers on rising claims pressures
Last year saw 90 million car sales, which required mandatory motor coverage.
S&P says quake losses in Thailand capped by reinsurers
Thai insurers have strengthened their reinsurance coverage over the years.
Central Asia insurers diversify portfolios with reinsurance play: AM Best
Despite the shift possibly driving profits, AM Best still warns of risks.
Zhibao Technology opens reinsurance unit in Labuan for expansion
It expects Zhibao Labuan to act as a minority risk taker for selected businesses.
Swiss Re brings in 17-year CRO veteran for top risk role
He will succeed Patrick Raaflaub, who is stepping down from the role.
Willis selects Anant Pawar to lead aviation insurance in India
He brings over 27 years of experience in the insurance and reinsurance industry.
Miller reels ex-Munich Re as new head of Origination, Strategic Advisory
She spent 26 years at the company in various senior roles.
Hannover Life Re to acquire Swiss Re’s direct life portfolio
The transaction is expected to be completed within 18 months.
S&P says insurers can absorb South Korea wildfire losses
The fire was the worst on record since 1987.
S&P warns trade volatility may pressure reinsurer portfolios
Top 19 global reinsurers are expected to absorb around 20% of personal lines losses.
Howden Re sees 10% to 15% rate cuts in Japan catastrophe cover
Japan remains a key market for reinsurers due to its large volume.
BMS Group appoints new chairman
He was most recently CEO and Chairman of the Executive Board at Hannover Re.
Gallagher Re sees increased capacity, flexibility for reinsurance buyers
Many reinsurers also anticipate double-digit returns on equity in 2025.
Malaysian Re report calls for healthcare finance reform
The healthcare expenditure in Malaysia accounts for only about 4% of the GDP.
Peak Re obtains reinsurance branch license to operate in India’s GIFT IFSC
The approval allows Peak Re to conduct both property and casualty (P&C).
Fortitude Re completes $4b reinsurance deal with Taiyo Life Insurance
The deal transfers a part of Taiyo Life’s whole life annuity business to Fortitude.
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