Reinsurance

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Doksuri second costliest nat cat in 2023 as Munich Re stresses importance of closing Asia's protection gap

January 9 2024

"Storms like Doksuri are likely to become more frequent" says Munich Re's Achim Kassow as reinsurer publishes 2023 NatCat report.

1/1 renewals: Risk challenges remain despite much smoother treaty negotiations

January 9 2024

A lower-than-average loss environment, a reduced inflationary environment. and diversification all helped keep rate rises in check.

IAG ups reinsurance placement for 2024

January 5 2024

"Global reinsurance markets have stabilised during 2023, allowing IAG to purchase greater reinsurance protection" says IAG CFO, William McDonnell

India reinsurance premiums shrink but life grows in 2022-23

January 5 2024

Following cuts to obligatory cession rates at GIC Re, reinsurance premiums shrink 12.17% in 2022-23 in India, says IRDAI.

AXA XL appoints Sumner as Chief Claims Officer and Louis as COO for APAC and Europe regions

December 21 2023

Julijana Sumner (pictured left) and Sandhya Louis (pictured right) have both been with AXA XL since 2012.

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S&P: Insurers well placed to meet Cyclone Jasper and Queensland floods claims

December 20 2023

Claims low due to regional demographics, but coverage by reinsurance pool likely to be limited due to time limitations.

Munich Re: multi-year view needed on Nat Cat profitability

December 19 2023

Firm's CFO told analysts that while a single event could wipe out a year’s profits the sector was stable over the longer term.

IAG's ratings upgraded after S&P applies new risk-based capital criteria

December 18 2023

Ratings upgraded with stable outlook after S&P assesses IAG's entities to have stronger capital adequacy under new criteria.

Malaysian Life Re launches retakaful business, hopes to reach 10% premium contribution in 3 years

December 15 2023

Malaysian Life Reinsurance (MLRe) launches Shari’a-compliant retakaful business, aiming to reinforce Malaysia's position as a hub for Islamic finance.

Asia asset intensive reinsurance market set to expand

December 14 2023

Market poised for growth, driven by increased global interest and regulatory shifts in solvency and accounting standards.

ARPC: increased capacity in Northern Australia following introduction of cyclone pool

December 13 2023

New report shows improvement in accessibility, but warns 'misalignment on views of cyclone pool coverage' and building cost inflation remain key issues for affordability.

Asian insurers face six-year wait for reliable carbon emission disclosures

December 13 2023

With IFRS S1 and S2 looming, (re)insurers grapple with estimating risks contained in underwriting and investment portfolios.

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