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Members of the Netherlands-headquartered International Credit Insurance & Surety Association (ICISA) met recently in Porto, Portugal, to address the challenges and opportunities encountered by the sector in a dynamically changing global environment.

Asia Insurance Review Magazine » Reinsurance

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1w ago

Following challenging renewals in 2023, the Korean reinsurance market was stable at 1 April, with more than adequate capacity for property catastrophe risks, says Aon ..read more

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Paris-headquartered international reinsurer, CCR Re, has reported an EBITAER (Earnings Before Interest, Taxes, Amortisation and Equalisation Reserve) of EUR88m ($95.4m) and a net income of EUR56m for 2023, higher than the EUR64m and EUR4m posted...

Asia Insurance Review Magazine » Reinsurance

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2w ago

Following challenging reinsurance renewals in 2023, which resulted in a global reset in property catastrophe pricing and retention levels, the 1 April renewals were more predictable and generally favourable to reinsurance buyers, according to ..read more

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Australian managing general agent (MGA) Agile Underwriting Services has received 'in-principle' approval from Lloyd's to create Agile Syndicate 2427 (AUS 2427).

Asia Insurance Review Magazine » Reinsurance

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1M ago

The operating performance of Paris-headquartered global reinsurer SCOR SE is assessed as adequate, supported by improved underwriting in 2023 and solid investment activities result over the business cycle, says AM Best ..read more

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Indonesia Financial Group (IFG), a state-owned insurance holding company, is collaborating with Indonesia Re to accelerate the standardisation of technical data in the insurance industry through an "Insurance Data Taxonomy Cooperation" agreement.

Asia Insurance Review Magazine » Reinsurance

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1M ago

London-headquartered Miller, a leading independent specialist (re)insurance broker, has said that in its international operations, it is in particular establishing an increasingly meaningful market share in Singapore ..read more

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Asia Pacific's contributions to the business of Canopius Group, a leading global specialty and P&C (re)insurer, increased to 10.6% of the total Insurance Contract Written Premium (ICWP) in 2023, one percentage point higher than 2022's...

Asia Insurance Review Magazine » Reinsurance

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1M ago

Asia Pacific's contributions to the business of Canopius Group, a leading global specialty and P&C (re)insurer, increased to 10.6% of the total Insurance Contract Written Premium (ICWP) in 2023, one percentage point higher than 2022's ..read more

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Kay International AMEA Limited, a boutique reinsurance intermediary and underwriting management agency headquartered in the Dubai International Financial Centre in the United Arab Emirates, has established a wholly-owned subsidiary in Singapore....

Asia Insurance Review Magazine » Reinsurance

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1M ago

The IRDAI is considering the introduction of collaterals in the Indian insurance industry, specifically for reinsurance transactions with Cross Border Reinsurers (CBRs ..read more

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London-headquartered Miller, a leading independent specialist (re)insurance broker, has said that in its international operations, it is in particular establishing an increasingly meaningful market share in Singapore.

Asia Insurance Review Magazine » Reinsurance

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1M ago

London-headquartered Miller, a leading independent specialist (re)insurance broker, has said that in its international operations, it is in particular establishing an increasingly meaningful market share in Singapore ..read more

Visit website

Global reinsurance giant Swiss Re's financial results for 2023 demonstrate the group's continuing performance improvement, said S&P Global Ratings (S&P) in a commentary yesterday.

Asia Insurance Review Magazine » Reinsurance

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2M ago

Hannover Re has boosted its premium volume by 10.1% in the Asia-Pacific market in traditional P&C treaty reinsurance to EUR1,193bn ($1,285bn) as at 1 January 2024, the global reinsurance giant announced in a statement ..read more

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The IRDAI is considering the introduction of collaterals in the Indian insurance industry, specifically for reinsurance transactions with Cross Border Reinsurers (CBRs).

Asia Insurance Review Magazine » Reinsurance

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2M ago

The IRDAI is considering the introduction of collaterals in the Indian insurance industry, specifically for reinsurance transactions with Cross Border Reinsurers (CBRs ..read more

Visit website

Shanghai-headquartered conglomerate Fosun International has revived a plan to sell Hong Kong-based Peak Reinsurance after failing on a previous attempt, reported Bloomberg citing people familiar with the matter.

Asia Insurance Review Magazine » Reinsurance

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2M ago

The January 2024 renewal season, which accounts for approximately 65% of CCR RE's portfolio, resulted in the underwriting of almost EUR840m ($905m) of premiums?- an increase of 11% at constant exchange rates in comparison to last year, says ..read more

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