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Swiss Reinsurance Company's (Swiss Re') operating performance metrics, particularly in more recent years, have been supportive of a strong operating performance assessment, says AM Best.

Asia Insurance Review » Reinsurance

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6d ago

Swiss Reinsurance Company's (Swiss Re') operating performance metrics, particularly in more recent years, have been supportive of a strong operating performance assessment, says AM Best ..read more

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Global reinsurance giant, Hannover Re, anticipates prices and conditions to remain on a sustained stable level for treaty renewals in property and casualty reinsurance as at 1 January 2025 and anticipates a balance of supply and demand in...

Asia Insurance Review » Reinsurance

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2w ago

Higher property values, urbanisation and rising repair costs due to inflation are expected to drive demand for property (re)insurance, especially in areas with intensifying natural catastrophe risks, said Swiss Re ..read more

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The bulk of losses resulting from Typhoon Yagi claimed on Vietnam insurance companies is expected to be borne by domestic and international reinsurers, according to a new commentary by AM Best.

Asia Insurance Review » Reinsurance

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2w ago

The bulk of losses resulting from Typhoon Yagi claimed on Vietnam insurance companies is expected to be borne by domestic and international reinsurers, according to a new commentary by AM Best ..read more

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Major Asia Pacific reinsurance companies saw their composite's return on equity surge to 9.2% from 0.1% under IFRS 17, supported by a more stable investment environment and benign catastrophe activity, according to a new AM Best report.

Asia Insurance Review » Reinsurance

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1M ago

Howden Re, the reinsurance and risk advisory arm of Howden, the global insurance intermediary, yesterday released a report titled "Beyond the horizon: shaping the future of risk", which underscores the imperative for industry collaboration ..read more

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Higher property values, urbanisation and rising repair costs due to inflation are expected to drive demand for property (re)insurance, especially in areas with intensifying natural catastrophe risks, said Swiss Re.

Asia Insurance Review » Reinsurance

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1M ago

Higher property values, urbanisation and rising repair costs due to inflation are expected to drive demand for property (re)insurance, especially in areas with intensifying natural catastrophe risks, said Swiss Re ..read more

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Peak Reinsurance's net profit reached a record level of $200m in 2023, supported by improvements in reinsurance service results and investment performance under new international accounting standards, notes AM Best.

Asia Insurance Review » Reinsurance

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1M ago

Although higher interest rates and more favourable mortality trends have led to improved conditions for life/annuity (L/A) reinsurance companies, they have also created more competition, with some backed by alternative investment managers or ..read more

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Earnings of global reinsurance companies should remain favourable in 2H24 and 2025, as pricing is generally adequate and underwriting discipline should be maintained, Fitch Ratings says in a new report.

Asia Insurance Review » Reinsurance

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1M ago

Earnings of global reinsurance companies should remain favourable in 2H24 and 2025, as pricing is generally adequate and underwriting discipline should be maintained, Fitch Ratings says in a new report ..read more

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Hannover Re, one of the world's biggest reinsurers, increased its Group net income by 21% to EUR1.2bn ($1.3bn) in the first half-year and confirmed its full-year guidance for 2024.

Asia Insurance Review » Reinsurance

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1M ago

Hannover Re, one of the world's biggest reinsurers, increased its Group net income by 21% to EUR1.2bn ($1.3bn) in the first half-year and confirmed its full-year guidance for 2024 ..read more

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InsuranceDekho, an online insurance platform, has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to enter the reinsurance broking sector with a composite insurance broking license marking a...

Asia Insurance Review » Reinsurance

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2M ago

The profitability of Reasuransi MAIPARK Indonesia (MAIPARK) has improved, reflected in an increase in return on equity (ROE) to 10% in 2023, from 7% in 2022, on higher investment income, Fitch Ratings has pointed out ..read more

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A high frequency of small to medium events resulted in global insured losses from natural catastrophes of $60bn in the first half of 2024, according to Swiss Re Institute's preliminary estimates.

Asia Insurance Review » Reinsurance

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2M ago

A high frequency of small to medium events resulted in global insured losses from natural catastrophes of $60bn in the first half of 2024, according to Swiss Re Institute's preliminary estimates ..read more

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