Foreign reinsurers' branches (FRBs) in India will, in a breakthrough move, now be able to bid for reinsurance contracts along with Indian reinsurers. At present, GIC Re is the only active Indian reinsurer.
Financial lines and liability claims in the Asia Pacific region are increasing in size and frequency as regulators step up their activities, introduce tougher environmental and consumer protection regulation and with growing public awareness of rights to compensation, according to Allianz Global...
Insurers have spent more than $226m ($155m) this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ).
Financially stricken Anbang Insurance Group has put up its 35% stake in Chengdu Rural Commercial Bank for...
Korean Re maintains a strong presence in South Korea, with a share of more than 60% in this insurance market...