Reinsurance

mixed-results-for-asia-as-top-20-global-insurers-see-modest-premium-growth-amidst-falling-revenue

Mixed results for Asia as top 20 global insurers see modest premium growth but falling revenue overall

July 20 2023

Seven of the top 20 insurers came from Asia, with Global Data warning the insurance industry will continue to face numerous challenges in 2023.

am-best-nat-re-positioned-for-stability-and-growth-in-the-philippine-insurance-market-1

Nat Re positioned for stability and growth in the Philippine insurance market: AM Best

July 14 2023

Nat Re's investment income declined in 2022, but the national reinsurer has strong connections with local cedants and the ability to tap into mandatory cessions.

A large building with a sign in front of it.

Asia ILS market set for expansion: MAS

July 14 2023

Singapore regulator points to multiple tailwinds driving the region’s ILS sector.

Global: Canopius Group appoint new reinsurance CEO and head for Bermuda

July 13 2023

Charles Cooper has 20 years experience in the Bermudian reinsurance sector, including most recently as Reinsurance Chief Executive, Bermuda at AXA XL.

Global: Jacques de Vaucleroy nominated for Chairman at Swiss Re

July 12 2023

The decision was fully endorsed by the members of the Board of Directors.

axa-weighs-divestment-of-property-reinsurance-business-1

AXA weighs divestment of XL property reinsurance business: Reuters

July 12 2023

AXA is reportedly considering divesting its AXA XL reinsurance unit in order to mitigate its exposure to natural disasters.

reinsurers-left-disappointed-with-indian-regulators-decision-to-maintain-obligatory-cession-at-4-report

(Re)insurers left disappointed with Indian regulator's decision to maintain 4% obligatory cession: Report

July 10 2023

Despite hints the obligatory cessions to GIC Re could be phased out, the IRDAI has maintained the status quo of 4% for the coming year.

iags-completes-renewals-with-global-reinsurers-after-finalising-5-year-deal-with-hannover-re

IAG completes renewals with global reinsurers after finalising 5-year deal with Hannover Re

July 7 2023

The Australian insurer renewed its 2.5% whole-of-account quota share arrangement with Hannover Re, marking the completion of all four of its reinsurance arrangements with global reinsurers.

un-drop-climate-targets-for-nzia-membership

UN climate alliance drop climate targets for Net-Zero Insurance Alliance membership

July 6 2023

In the face of antitrust pressure, the UNCA said each company that chooses to be an NZIA member will independently decide its own to net zero.

Swiss-Re-recruit-Ali-Shahkarami-from-AGCS-to-be-their-Global-Head-of-PC-Solutions

Swiss Re recruit Ali Shahkarami from AGCS to be new Global Head of P&C Solutions

July 6 2023

Shahkarami's wealth of knowledge as a trained engineer, coupled with extensive expertise in NatCat and data, make him a valuable asset in the role.

Guy Carpenter: Mid-year reinsurance renewals seeing improved timing, continued recalibration, and T&C consensus

July 6 2023

Property pricing witnessed risk-adjusted rate increases, casualty faced pressure due to prior-year losses and economic factors, while the cat bond market experienced record highs in issuance and total...

gallagher-on-1-7-renewals-australias-retention-levels-facing-ongoing-pressure-china-experiencing-decrease-in-capacity

Gallagher Re on 1.7 renewals: Australia's retention levels facing ongoing pressure, China experiencing decrease in capacity

July 5 2023

Gallagher Re provided global updates on the key 1.7 renewal season in their latest 1st View report.

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