GI – (Re)in Asia

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am-best-confirms-confirms-excellent-ratings-of-marubeni-corporation-captive-marble-re

AM Best confirms 'Excellent' ratings of Marubeni Corporation captive, Marble Re

November 3 2023

Marble Reinsurance Corporation's credit ratings are again affirmed, supported by a strong balance sheet, strict underwriting discipline and a five-year average combined ratio of 59%

UNCDF announces expansion of Fiji parametric cover

November 3 2023

Supported by funding from India, the multi-agency project seeks to double the parametric coverage of the initiative first launched in 2021.

South Korea's KB Insurance has ratings affirmed by AM Best

November 3 2023

AM Best credits KB Insurance Co.'s improved underwriting profitability and robust operational performance as key factors behind reaffirming its A (Excellent) Financial Strength and "a" Long-Term Issuer...

ERGO Insurance receives rating upgrade from AM Best

November 3 2023

AM Best upgrades ERGO Insurance's credit ratings to A+ (Superior), noting the important role in parent company Munich Re's Southeast Asia growth strategy.

Lexasure launches new reinsurance risk management platform

November 3 2023

Lexasure introduces new platform that streamlines and centralises reinsurance processes and contains Reinsurance-as-a-Service capabilities.

zurich-acquires-majority-stake-in-indias-kotak-mahindra-general-insurance

Zurich set to acquire majority stake in India’s Kotak General Insurance

November 2 2023

The deal would be the largest foreign investment in India’s insurance sector and follows regulatory changes in 2021 which made foreign ownership possible in the space.

ai-ai-captain-autonomous-vessels-bring-new-risks-to-the-insurance-landscape

AI AI captain: Autonomous vessels present new risks for marine insurers

November 2 2023

Maritime Autonomous Surface Ships (MASS) are poised to revolutionise the maritime industry, but introduce a host of new considerations for insurers.

ag-guard-and-floodbase-partner-for-2024-launch-of-parametric-flood-cover-in-australia-and-new-zealand

Ag Guard and Floodbase partner on ANZ parametric flood cover

November 2 2023

The products are aimed primarily at agricultural risk and will be launched in 2024,

Australian regulator applies additional AU$20m (US$12.7m) capital requirement to RAC insurance

November 1 2023

APRA has imposed an extra capital requirement on RAC, citing deficiencies in outsourcing controls, conflict management, and board decision making.

Insurance to underpin Asian voluntary carbon credit markets

November 1 2023

The VCC market is expected to surge by 2030 and insurance is poised to play a key role for both buyers and developers.

new-report-reveals-areas-of-improvement-for-insurers-in-wake-of-australias-largest-weather-event

New report reveals areas of improvement for insurers in wake of Australia's largest nat cat event

October 31 2023

The review of insurers' response to the 2022 floods, commissioned by ICA and conducted by Deloitte, has yielded a report with recommendations to improve disaster readiness and handling across seven key...

demand-for-manda-cover-for-domestic-deals-in-japan-grows-as-cross-border-activity-declines

Demand for domestic M&A cover rises in Japan as cross-border activity falls

October 31 2023

Private equity firms are the biggest users of the insurance but it’s becoming more popular with corporates.

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