Country Profile - MAS: Attracting New Capital
Source: Asia Insurance Review | Mar 2007
Following a long capacity crunch in the aftermath of 9/11 when reinsurers’ numbers halved and attention turned northward toward China, there has been renewed interest in Singapore’s insurance industry of late in the form of an influx of new capital. In the last year alone, the market saw several Lloyd’s syndicates opening in the Republic and bringing the total number to eight at the beginning of 2007, as well as the entry of US$620-million reinsurer Asia Capital Reinsurance Group.
Asia Insurance Review speaks with Mr Low Kwok Mun, Executive Director, Insurance Supervision from the Monetary Authority of Singapore, about this renewed buzz in the insurance marketplace.
Archived articles are available to Magazine subscribers only.
For Full Access to
the magazine
SUBSCRIBE here.