Editorial team – (Re)in Asia

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Joyce Chua joins WTW as Captives Regional Lead for APAC

February 26 2024

Chua joins WTW after a decade with Aon.

IRDAI maintains obligatory cession rate at 4% for 2024-25

February 25 2024

Insurers to continue ceding 4% of GI business to GIC Re, excluding terrorism and nuclear pool premiums.

Zurich opts for 70% upfront stake purchase of Kotak General

February 23 2024

Kotak Mahindra Bank announced Zurich's revised plan to acquire 70% stake in single transaction, altering the initial phased acquisition strategy.

am-best-affirms-energass-ratings-but-negative-rating-maintained

AM Best affirms Energas's ratings, but negative outlook maintained for captive

February 23 2024

AM Best spotlights underwriting volatility, increase in large loss frequency, and reinsurance reliance in latest ratings note.

manulife-completes-landmark-us9-64bn-ltc-reinsurance-deal-with-global-atlantic

Manulife completes landmark LTC reinsurance deal with Global Atlantic

February 23 2024

Landmark deal was first announced in December and includes two Japanese whole life product blocks.

nsw-launches-first-state-disaster-mitigation-plan-to-combat-rising-nat-cat-costs

NSW launches Australia's first State Disaster Mitigation Plan to help combat rising nat cat costs

February 23 2024

Plan promises a proactive approach to disaster risk reduction including improved early warning systems and reviews of building codes and insurance levy arrangements.

Tokio Marine & Nichido's ratings affirmed as rate adjustments improve COR

February 22 2024

Fitch expects nat cat premium rate adjustments to bolster underwriting profitability in the coming years.

irdai-proposes-new-collateral-requirements-for-cross-border-reinsurance-deals

Indian cedents likely to face new collateral requirements for cross-border reinsurance transactions

February 22 2024

IRDAI issues draft guidelines mandating new collateral requirements from FY 2025-26.

Western Australia braces for ex-tropical cyclone Lincoln's return

February 21 2024

The cyclone is set to reintensify, after previously causing extensive rainfall in the NT, and is part of a series of weather challenges facing Australia.

hong-kong-pah-industry-to-hit-hk28-5bn-by-2028-globaldata

Hong Kong PA&H insurance to hit HK$28.5bn by 2028: GlobalData

February 21 2024

GlobalData projects 7.4% CAGR over the next five years amid rising health costs and increasing demand.

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