Reinsurance
Mitsui posts £12m profit
Mitsui Sumitomo holding company MSI Corporate Capital has reported a pre-tax profit of £11.99m, up from a £17.77m loss restated.
Onshore captives on the rise, says Marsh
Organisations are increasingly forming captives onshore in the European Union or United States, while the use of alternative captive structures is growing, especially among smaller organisations, according to Marsh.
India's domestic market faced restrictions at renewals
Despite positive results in the Indian domestic market, insurers faced problems similar to their Asian counterparts at the April 1 renewals, according to Guy Carpenter.
Energy insurers discriminating in favour of differentiated risks
The energy market recorded its worst ever year for non-windstorm losses in 2011 with close to $9bn in combined insured and uninsured total losses, according to Willis' Energy Market Review.
Willis Re appoints Beedle CEO for Asia
Willis Re has appointed James Beedle as chief executive of its Asian operations.
Swiss Re claims it will outperform
Swiss Re has told investors it expects to outperform this year through a mix of unique business opportunities, capital strength and three new business units.
Insurers must develop policies responsive to evolving risk landscape
A paper published by Marsh today urges insurers to re-examine risk management strategies and introduce procedures that strengthen operational and financial resilience.
Integrated risk management absent in most APAC insurers
Despite strong progress in Japan, Australia, Taiwan and Singapore, most insurance companies in Asia-Pacific are still formalising their enterprise risk management governance structures.
Argo appoints Jameel in Dubai
Argo Group International Holdings has appointed Nasurudeen Jameel as a senior casualty and professional underwriter for Argo Re (DIFC) in Dubai.
Iran insuring oil tankers as sanctions bite
Iran is insuring tankers transporting its oil to buyers at a cost of millions of dollars per delivery, according to reports.
Middle East guest blog: A silver lining?
The United Arab Emirates insurance industry went from denial of the financial crisis in 2008 to a rude awakening.
Countdown to ISA: Q&A with Swiss Re's Qin Lu
As part of a series counting down to Insurance Strategy Asia, Insurance Insight spoke to Qin Lu about his views on the Chinese insurance market.
Canopius promotes Manning to group COO
Specialist reinsurer Canopius has promoted Steve Manning to group chief operating officer with responsibility for all operational matters.
Reinsurer capital remains strong despite near record catastrophe losses
Global reinsurer capital fell 3% during 2011 to $455bn (€345.5bn), according to an Aon Benfield Analytics study examining the impact of catastrophe losses on reinsurers' capital and earnings positions.
Free webinar: The property & casualty market in South East Asia
Post and Insurance Insight in conjunction with the Chartered Insurance Institute will present a free webinar on the property and casualty insurance markets in South East Asia today at 16:00 Hong Kong time and 8:00 GMT.
AIA Group rejects Singapore move to fee-based model
Proposals to end commission-based remuneration for insurers in Singapore have been criticised by one of Asia's largest insurance firms.
Reinsurance sector "strong" despite 3% drop in capital
Global reinsurer capital was down by 3% to $455bn (£286bn) last year, according to the Aon Benfield Aggregate analytics report, but the sector has been described as remaining strong.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
500 million microinsurance schemes worldwide, says report
The number of microinsurance schemes has reached an estimated 500 million worldwide, according to the Microinsurance Innovation Facility and the Munich Re Foundation.
Japanese insurers' revenues rise after surge in quake policies
Japan's five major insurance companies experienced year-on-year increases in premium revenue during the 2011 fiscal year, according to Japanese publication The Daily Yomiuri.
State-provided cover needed to insure China's crude supplies
Tankers carrying Iranian oil will not be fully covered by Hong Kong marine insurers after EU sanctions take effect from July, an industry official told Reuters.
Lancashire renews $350m of finance
Lancashire Holdings has arranged a $350m five-year letter of credit and revolving facility with Lloyds TSB for Lancashire Insurance Company.
March cat claims topped $1.1bn in the US
Reinsurance broker Aon Benfield has reported that US storms in March will cost insurers more than $1.1bn, while catastrophes hit Mexico and Australia as well.
Asian aviation: risk or opportunity?
The Asian aviation market is set to grow rapidly in the next 20 years, bringing many opportunities for insurers. But Edward Murray asks whether underwriters are taking all the future risks into consideration.