Reinsurance
Hannover Life Re to acquire Swiss Re’s direct life portfolio
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.
Reinsurers enjoy favourable pricing at April 1 renewals across APAC
The relatively low NatCat losses in the region led reinsurers to deploy more capacity.
MS Amlin opens Sydney office to expand APAC reinsurance business
Matt Botfield was appointed as head of Australia and New Zealand.
Myanmar quake shows urgent insurance need in Asia: Howden
Myanmar is considered to have a low insurance penetration rate.
FuSure Reinsurance obtains Composite License from Hong Kong
The company is also exploring health, auto, pet, cybersecurity, and liability insurance.
Swiss Re board proposes 8% dividend increase
It will mount to $7.35 per share.
Resolution Life seals reinsurance deal with Protective for $9.7b
The deal is expected to drive further growth in the global life and annuity markets.
Japan Post Insurance to invest up to $2b in reinsurance vehicle
The company aims to deploy capital as early as 2026.
Swiss Re bags $3.2b profits, rises 3.1% YoY in FY 2024
The company targets a net income of over $4.4b for 2025.
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