As Cyclone Jasper brews off the North Quensland coast, ACCC releases report saying premiums in North WA, North QLD, and NT went up 4%, 7%, and 13% receptively this year.
Despite heightened challenges — including climate risk and social inflation — AM Best's report suggests a stable, yet cautious global reinsurance market with opportunities for increased margins.
Fitch affirms PT Tugu Reasuransi Indonesia's National IFS Rating at 'A+(idn)', but notes volatility from its property and credit insurance segments — which have seen COR rise to 106% in the first nine...
Insurance Council of Australia's Andrew Hall delivered an impassioned speech on the country's protection gap — urging short-term tax reform alongside other medium and long-term recommendations.
GIC Re sees rating outlook upgraded to positive and a National Scale Rating designation of 'aaa.IN' (Exceptional), reflecting enhanced financial stability and enterprise risk management.
More expertise, communication, trust, and transactions are needed - but Shanghai's international reinsurance trading platform opens up opportunities for global (re)insurers.
Tomi Latva-Kiskola will join Everest from AIG and Swee Keong Mah is promoted to Singapore CEO, having served as Interim Regional Head of Insurance since July.
Volante continues its expansion in Asia with the appointment of seasoned reinsurance professional Liu Song, who be responsible for Treaty in Southeast Asia, Greater China, and South Korea.
