Reinsurance

philippines-non-life-market-recalibrates-rates-amid-high-nat-cat-pressures-am-best

Philippines non-life market recalibrates rates amid nat cat pressures — AM Best

June 2 2026

Tighter pricing and higher catastrophe exposure are shaping underwriting trends in the Philippines’ non-life market.

Omega Insurance Broking Services gets IRDAI warning for regulatory violations

June 1 2026

Broker must strengthen controls on shareholding changes and maintain capital above regulatory thresholds, IRDAI said.

am-best-places-labuan-re-ratings-under-review-on-mnrb-80-acquisition-plan

AM Best places Labuan Re under review as MNRB moves to buy 80% stake

June 1 2026

The deal, valued at US$100.69m, is set to close in Q4, with ratings under review pending completion and assessment of Labuan Re’s credit fundamentals.

Specialty lines under extreme stress as Hormuz crisis tests reinsurance resilience — Howden Re

May 29 2026

A surge in claims and premiums across marine and war-related insurance is testing specialty markets, while reinsurers hold steady on capacity.

Middle East conflict losses ‘manageable’ for specialty P&C insurers – Morningstar

May 29 2026

Demand is rising for political risk, trade credit and energy cover, while a prolonged Hormuz disruption could still push up losses.

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Buckle, Gateway insurance sue China Construction Bank for US$13m over Vesttoo LOC fraud

May 29 2026

The latest claim adds to multiple similar actions against China Construction Bank Corporation, with estimated exposure of around US$2.81bn.

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GIC Re cuts FY2026 underwriting loss by 47% as gross premium rises 7%

May 28 2026

Claims pressure eased over the year, although the reinsurer’s combined ratio remained above break-even.

Niyam appoints Ruchi Sheth as director for marine and energy

May 28 2026

She joins after working at TATA AIG for over eight years.

Insurers better prepared for rare disease outbreaks after COVID-19 lessons — AM Best

May 28 2026

Recent Ebola and hantavirus outbreaks pose limited systemic risk, but insurers should continue exposure management and regular stress testing.

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South Korea explores strengthening of space insurance capacity for commercial launches

May 28 2026

The space agency's review found that domestic insurers currently lack sufficient capacity to underwrite large and complex space risks, leading to heavy dependence on international reinsurance markets.

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