Reinsurance

Skuld issues notice of cancellation for Red Sea War Risk cover

February 14 2024

Skuld announces cancellation of certain war risks after it received notice of cancellations from reinsurers.

fosun-renews-efforts-to-sell-majority-stake-in-peak-re-report

Fosun renews efforts to sell stake in Peak Re - report

February 8 2024

Bloomberg reports that Fosun International is reviving plans to sell its majority stake in the Hong Kong-based reinsurer, aiming for a US$1bn valuation.

Aon taps Jack Eccles as Head of Cedant Facultative, Singapore

February 8 2024

Eccles moves from Howden Specialty to take up the new role.

CPS 230 means increasing focus on cyber risk for Australian insurers

February 8 2024

Insurers will need to focus on fourth and fifth party outsourcing as part of the new APRA standard.

India braces for new entrants to its onshore reinsurance market

February 7 2024

Regulators have been travelling overseas to tout the country's strengths as a fast-growing place to do business.

indonesias-insurance-sector-set-for-consolidation-due-to-upcoming-minimum-capital-requirements

New capital requirements to drive consolidation in Indonesia's insurance market

February 6 2024

OJK will raise minimum requirements in 2026 and again in 2028, creating a leaner but more robust industry, Fitch said.

Munich Re launches global parametric risk unit

February 6 2024

German reinsurer launches dedicated unit to meet growth in the 'highly dynamic' parametric market.

Fitch maintains 'A' Rating for China Taiping Group

February 6 2024

Taiping Life sees 9.4% growth, but TPRe faces underwriting loss in 2023 following severe nat cat events.

giv-kahrom-moves-from-munich-re-to-swiss-re-in-newly-created-role-of-head-of-cyber-asia

Swiss Re appoints Giv Kahrom in newly created role of Head of Cyber, Asia

February 5 2024

Kahrom moves from Munich Re and will continue to be based in Singapore.

am-best-malaysian-reinsurance-berhads-credit-ratings

AM Best affirms Malaysian Re's 'Excellent' ratings with stable outlook

February 5 2024

Despite nat cat exposure, Malaysian Re set to benefit from portfolio remediation, geographical diversification, and stable investment approach.

Resolution Re inks flow reinsurance deal with Dai Ichi Life

February 1 2024

Flow reinsurance contract is Bermuda-based company's second deal with the Japanese firm.

new-directive-likely-to-deflate-profitability-of-sri-lankas-non-life-segment-fitch

New motor SRCC directive likely to deflate profitability of Sri Lanka's non-life segment: Fitch

February 1 2024

Directive requires Sri Lankan non-life insurers to transfer 100% of SRCC-related motor premiums to state-run NITF.

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