Reinsurance

picc-hk-maintains-excellent-ratings-with-am-best

AM Best: PICC HK maintains excellent financial strength and credit ratings

June 23 2023

The (re)insurer is developing its inward reinsurance portfolio and with its expansion to Macau can now provide motor policies which cover the greater bay area.

am-best-revises-outlook-for-asian-re-to-positive-after-improvements-in-combined-ratio

AM Best improves Asian Re's future outlook to 'positive' after improvement in combined ratio

June 19 2023

The APAC reinsurer improved its CR to 103.3% in 2022, from 107.4% the year prior.

iag-expects-to-exceed-perils-allowance-for-the-seventh-time-in-eight-years

IAG expects perils cost to hit AU$2.9bn (US$1.99bn) and exceed perils allowance for the seventh time in eight years

June 15 2023

At its Investor Day, IAG executives revealed rate hikes, expected perils costs, and expected business achievement for 2023.

fitch-affirms-lloyds-and-lloyds-china-ifs-rating-at-aa-despite-2022-loss-and-environmental-exposure

Fitch affirms Lloyd’s and Lloyd's China IFS rating at 'AA-' despite US$1bn loss and Nat Cat exposure

June 15 2023

The (re)insurance marketplace recorded a 91.9% combined ratio in 2022 but was hit by valuation losses in its bond portfolio.

howden-helps-broker-insurance-deal-to-mitigate-one-of-the-largest-ever-environmental-disasters

Howden brokers (re)insurance deal to help avert environmental marine disaster

June 14 2023

Specialty (re)insurance coverage, involving 13 underwriters, has enabled a salvage operation for The FSO Safer which holds 1.14 million barrels of light crude and has been deteriorating since 2015.

Taiwan's Fubon Insurance needs to navigate reinsurance credit risk despite May US$519m capital injection

June 12 2023

Despite two capital injections worth US$1bn and a return to net profit, Fubon's credit ratings remain under scrutiny due to money owed from reinsurance counterparties.

china-establishes-board-for-shanghai-reinsurance-trading-hub-unveils-new-rules-and-says-new-digital-trading-system-is-on-the-way

China establishes board for Shanghai reinsurance trading hub, unveils new rules and says new trading system is on the way

June 9 2023

The newly established NFRA is working swiftly to transform Shanghai into a prominent international reinsurance center.

japan-post-insurance-to-make-a-material-investment-in-reinsurance-vehicle-sponsored-by-u-s-head-quartered-global-atlantic

Japan Post Insurance to invest in international reinsurance vehicle as part of international growth strategy

June 7 2023

The news was announced as part of a strategic partnership between Japan Post, investment firm KKR, and the U.S. head-quartered (re)insurer Global Atlantic.

axa-xl-promotes-renaud-guidee-to-reinsurance-chief-executive-officer

AXA XL promotes Renaud Guidée to Reinsurance Chief Executive Officer

June 7 2023

Guidée, currently AXA Group's CRO, will succeed Nancy Bewlay on September 1st.

John Fowle to step down as Group CEO of Chaucer

June 7 2023

Fowle said that, after 20 years with the group, the timing was right to pursue new opportunities.

munich-re-launches-ai-augmented-underwriting-solution-in-apac

Munich Re launches AI-augmented underwriting solution, Predictor, in Asia Pacific

June 3 2023

The cloud-based platform was developed by Munich Re Automation Solutions and is available immediately to L&H insurers in APAC, the Middle East, and Africa.

shanghai-taking-steps-to-position-itself-as-a-global-reinsurance-hub

China makes next move in goal to make Shanghai a go-to global reinsurance hub

June 2 2023

Deputy Director Zhang Zhongning revealed the NAFR are already finalising rules for a Shanghai reinsurance trading market.

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