The Amwins-Dragoneer-KKR consortium is finalising documentation and financing for its proposed A$7.7bn (US$5.5bn) acquisition of Steadfast after entering the final stages of due diligence.
Reinsurance is playing a wider role in capital management across Asia, but executives warn insurers must get product economics and asset backing right first.
Lower volumes in key non-life classes weighed on premiums, while stronger claims performance and lower reserve provisioning boosted the reinsurer's underwriting profit.