Reinsurance
The Asian reinsurance story so far
The reinsurance market has great potential for growth in Asia as insurers, brokers and banks try to address a chronic deficit in insurance cover across the continent writes Andrew Tjaardstra.
Swiss Re warns of major disaster threats to East Asia
Eight urban areas in East Asia are most at risk from natural disasters when taking data from across the world according to Swiss Re.
JLT Group acquires Towers Watson's reinsurance brokerage
Jardine Lloyd Thompson Group is acquiring the reinsurance brokerage business of Towers Watson for a cash consideration of $250m (£156m).
$100bn of reinsurance capital to enter market, says Aon Benfield
Aon Benfield has said insurers and reinsurers will benefit from $100bn of alternative capital that will enter the reinsurance market over the next five years.
Price softening possible in reinsurance market, says Fitch
The outlook for global reinsurance sector ratings remains stable, supported by capital strength and continued profitability, according to Fitch.
Peak Re makes gains at renewal season
Hong Kong-based reinsurer Peak Re said it welcomed a good 1 July renewal season in the Asia-Pacific region.
Willis Re's Australia chairman in Bermuda move
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
AJ Gallagher targets reinsurance expansion in Asia
Arthur J Gallagher (Singapore) is targeting 30% reinsurance premium growth this year as the broker promotes Maxwell Sung to managing director of reinsurance.
Huge reinsurance growth potential in Asia, says Fitch
Global ratings agency Fitch believes there is significant room for the reinsurance market in Asia to grow given relatively low insurance penetration in Asian markets.
GIC Re launches hazard map after flooding “wake up call”
Devastating floods in the Indian state of Utterakhand has prompted Indian reinsurer GIC Re to unveil a new hazard map.
German floods to cost industry €2bn
Claims from last month's flooding in Germany alone are expected to cost insurers nearly €2bn, German trade association GDV said on Tuesday.
Primary insurance growth to outstrip reinsurance says Munich Re
The global insurance market will grow strongly over the next decade, according to Munich Re’s Insurance Market Outlook published this week.
Bahrain-based Trust Re bolsters capital as it seeks new growth opportunities
Trust Re announced today an increase in its paid up capital, from US$ 100m to US$ 140m, and an increase in its authorised capital to US$200m.
Peak Re CEO: Japan has been a surprise
Five months since its launch, Peak Re's CEO Franz Josef Hahn says business is going to plan and the reinsurer has been particularly well received in Japan.
Aon net income declines
Aon net income from continuing operations drops 11%.
IPC second quarter net income surges
Bermudian reinsurer's results 'a testament' to staff loyalty, interim CEO says.
Liberty senior casualty underwriter defects to Novae
Alan Tomlinson will join Novae in December say sources
Flagstone Re trumps Validus' bid for IPC
Flagstone Re gets involved in the IPC arms race by making a 'superior' offer for IPC Re
HSBC broker and Ace lead insurer for Yemen plane crash
HSBC was the lead broker and Ace was the lead insurer for today's Yemeni plane crash, sources told Reinsurance
Yemen jet crashes in Indian Ocean
Airbus flight operated by Temenia Air fourth major air crash of this year
Capital shortages to drive up prices, says Swiss Re
Underwriting results strong despite Cat losses
