Reinsurance

AM Best affirms Thaire Life's ratings, withdraws them at reinsurer's request

July 12 2024

Reinsurer saw ratings downgraded in September, but maintains a strong balance sheet and adequate operating performance, said AM Best.

Everest promotes Harry Townsend to Chief Ceded Reinsurance Officer

July 12 2024

Townsend sees role elevation six months after joining Everest as Head of Ceded Reinsurance, International.

Aon promotes Marguerita Silitonga to President Director of Reinsurance Solutions for Indonesia

July 10 2024

Silitonga is elevated from her role as Senior Relationship Manager and Treaty Broker.

Lack of new reinsurers signals departure from historical trends: AM Best

July 9 2024

Despite most profitable period in 30 years, market conditions have created barriers for new reinsurance entrants.

Singapore Reinsurers’ Association announces 2024/2025 EXCO

July 8 2024

During its AGM, the SRA revealed its Executive Committee, a new logo and website, and strategic goals for the year ahead.

Suncorp's FY25 reinsurance renewal bumps main cat limit, axes QLD quota share

July 5 2024

Cost of program expected to be broadly in line with FY24 renewal.

MAPFRE RE strengthens China presence with approval of onshore branch

July 5 2024

MAPFRE RE gains regulatory approval for Beijing branch, as reinsurer looks to strengthen its presence and diversify its portfolio in the country.

miller-strengthens-treaty-team-with-mandy-phan-appointment

Miller strengthens Treaty team with appointment of Mandy Phan

July 5 2024

Phan takes on new role as Treaty Broker, joining from Guy Carpenter where she was Senior VP.

rga-inks-first-korean-cross-border-coreinsurance-deal-with-tongyang-life

RGA inks first Korean cross border coinsurance deal with Tongyang Life

July 2 2024

Building on agreements in Japan this year, RGA signs a 200bn Korean won (US$145m) deal with Tongyang Life.

Koo Kang Wuu joins Munich Re Syndicate, Labuan as Managing Director

July 2 2024

Koo joins from Swiss Re where he was Senior Client Underwriter.

Guy Carpenter estimates insurance losses for Kansai April hail at US$1bn

July 1 2024

Recurring hail events have prompted Japanese insurers to implement new risk management strategies, says Guy Carp.

iag-overhauls-reinsurance-program-to-limit-nat-cat-volatility-over-next-five-years

IAG overhauls nat cat reinsurance program to mitigate volatility

June 28 2024

Five-year program includes volatility cover from Berkshire Hathaway and Canada Life, which would see FY25 peril costs limited to AU$1.283bn in 90% of modelled scenarios.

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