AM Best confirms ‘Excellent’ ratings of Marubeni Corporation captive, Marble Re
Marble Reinsurance Corporation’s credit ratings are again affirmed, supported by a strong balance sheet, strict underwriting discipline and a five-year average combined ratio of 59%
UNCDF announces expansion of Fiji parametric cover
Supported by funding from India, the multi-agency project seeks to double the parametric coverage of the initiative first launched in 2021.
ERGO Insurance receives rating upgrade from AM Best
AM Best upgrades ERGO Insurance’s credit ratings to A+ (Superior), noting the important role in parent company Munich Re’s Southeast Asia growth strategy.
Lexasure launches new reinsurance risk management platform
Lexasure introduces new platform that streamlines and centralises reinsurance processes and contains Reinsurance-as-a-Service capabilities.
SIRC 2023 reflections: Discussions focus on the global reinsurance reset
Underwriting discipline, climate change and gen AI all featured prominently on the agenda as industry gathered for Asia’s largest (re)insurance conference.
Zurich set to acquire majority stake in India’s Kotak General Insurance
The deal would be the largest foreign investment in India’s insurance sector and follows regulatory changes in 2021 which made foreign ownership possible in the space.
FM Global appoints Ziad Tadmoury as Executive VP
Tadmoury has been with the commercial property insurer for over three decades and will take over from James R. Galloway, who retires on 31 Dec after 37 years of service.
AI AI captain: Autonomous vessels present new risks for marine insurers
Maritime Autonomous Surface Ships (MASS) are poised to revolutionise the maritime industry, but introduce a host of new considerations for insurers.
Ag Guard and Floodbase partner on ANZ parametric flood cover
The products are aimed primarily at agricultural risk and will be launched in 2024,
Insurers slammed for not accounting for climate change data
Panelists at SIRC say that not enough is being done to harness the information that is out there.
