Asia
THB grows international treaty team
THB hires three senior brokers from RFIB
Pick of the week
Kerry London raise funds for acquisition drive; Lamp plans stock market flotation; DAS set to announce 2009 loss; GAB director defects to Cunningham Lindsey.
Markel International strengthens Asia Pacific team
Simon Moi joins the team in Singapore
Mitsui first Japanese trading firm to invest in Lloyd's syndicate
Mitsui, the Japanese insurance giant, has become the largest shareholder of ACAL in Singapore, the sole capital provider for Syndicate 1965 at Lloyd's.
Axa Taikang Life sale on hold
The auction for Axa's stake in China's Taikang Life has been put on hold amid growing concerns about new rules drafted by China's insurance regulator
Validus opens new Singapore office
Bermudian reinsurer gets permission to open new office in Asia
Aviation reinsurance rates to rise 10-15%
GIC India and other sources claim that they are looking to raise their aviation reinsurance rates by 10-15% for 2010 renewals.
Whittington strengthens management team in Asia
James Kim has been appointed as Whittington Asia Pacific country manager in Hong Kong.
AIG's AIA unit to float
Hong Kong chosen as the destination for IPO.
Swiss Re, Scor in cat bond launches
Swiss Re and Scor launch Cat bonds.
Insurers and reinsurers to continue recovery in 2010
Insurers and reinsurers to continue recuperating from the problems of 2008, according to Swiss Re.
Total catastrophe losses fall in 2009
The total cost of natural catastrophes and man-made disasters in 2009 fell to $52bn from $267bn in the 2008, a survey from Swiss Re has shown.
Low interest rates could topple insurers, Baloise
Continued low interest rates could cause some insurers to collapse according to the chief executive of Baloise.
Tokio Marine joins forces with Edelweiss Capital
Tokio Marine to invest $117.6m in life insurance joint venture with Indian Edelweiss Capital
Toa Re and China Re enter co-operation pact
Japan's Toa Reinsurance has teamed up with state owned China Reinsurance in a bid to enhance the two reinsurers' market development.
Allied World open Singapore office
Allied World has opened a branch office in Singapore in order to further expand its operations in Asia, and has appointed Bruce Ford as its principal officer and head of treaty Asia Pacific, Middle East and Africa.
Fitch happier about reinsurance sector
Ratings agency turns upbeat about reinsurance sector
GIC Re to set up nat cat pool
General Insurance Corporation (GIC Re), the Indian state-owned national reinsurance company, is in the process of setting up a natural catastrophe pool for insurance and reinsurance companies in Africa and Asia
Tropical Cyclone Phyan hits off coast of Mumbai
Tropical Cyclone Phyan hits India’s western coast near the commercial capital, Mumbai, prompting evacuations and storm warnings.
Failed reinsurers should be left to collapse - Allianz
A senior member of the board of management of German insurer Allianz has said insurers and reinsurers should not expect government help if they hit problems.
Rates have to rise in Asia - Gerhardt
Pairs Re CEO Hans-Peter Gerhardt says the Asian market has to look at the prices which are being charged for risks if there is to be a sustainable market for all.
Troubling period ahead for reinsurers - Partner Re CEO
Partner Re’s CEO Patrick Thiele did not win many friends among some of his peers when he delivered his address at the Singapore International Reinsurance Conference.
Axa Asia Pacific rejects Axa and AMP purchase bid
£5.9bn bid to acquire and split company rejected
BTA collapse may cost market up to $500m - sources
Collapse of Kazhakstan bank could cost the market losses of $500m, sources have told Reinsurance.