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Reinsurance tag returned 531 results

  • SCOR confirms the accuracy of vote results during AGM

    French reinsurer SCOR has verified the vote results for resolutions 4 and 5 concerning the remuneration of its chairman and CEO which was approved by the combined general meeting of SCOR shareholders on 26 April 2019. This comes as a response to the information that has appeared in the press regarding a request to recount the votes for these resolutions which activist fund CIAM claims to have made.

    Asia | 20 Jun 2019
  • Global reinsurer closes senior notes offering

    PartnerRe's subsidiary, PartnerRe Finance B (PRE Finance B) has closed its previously announced offering of $500m aggregate principal amount of 3.70% Senior Notes due 2 July 2029. The notes are senior unsecured obligations of PRE Finance B and are guaranteed fully and unconditionally by PartnerRe. Last week, Moody's assigned an A3 rating to the notes.

    Asia | 20 Jun 2019
  • Oman: Reinsurer rated 'BBB-' by Fitch

    Fitch Ratings has assigned an Insurer Financial Strength (IFS) Rating of 'BBB-' (Good), with the rating outlook stable.

    Middle East | 16 Jun 2019
  • India: Commerce federation calls for raising FDI ceiling in insurance to 74%

    The government needs to raise the ceiling on foreign direct investments in the insurance sector in order to attract overseas investments, the Federation of Indian Chambers of Commerce and Industry (FICCI) said yesterday.

    Asia | 14 Jun 2019
  • Smile on wheels

    GIC Re, India's national reinsurer, has partnered with leading NGO, Smile foundation to provide mobile health care facilities for urban slum dwellers in Mumbai city and in other small towns across the country.

    AIRPlus | 12 Jun 2019
  • Current reinsurance pricing movement is firming - S&P

    Reinsurers saw increases in pricing over the April and June renewals, with property catastrophe rates going up in the 15% to 25% range on loss affected accounts. This followed a disappointing pricing trend in 2018 and early 2019, according to S&P's latest report. Despite the magnitude of the catastrophe losses in 2017-2018, global reinsurance pricing in aggregate was flat to up 5% in 2018 and flat to up 3% during the January 2019 renewals.

    AIRPlus | 11 Jun 2019
  • Saudi Arabia: Reinsurer more than doubles net profits in 1Q

    Saudi Arabia's sole local reinsurer, which writes life and non-life business in more than 40 markets in Asia, Africa and MENA, saw its profits surge by 226% in the first quarter of 2019 against the corresponding quarter of the previous year despite 19.7% drop in GWP.

    Asia | 11 Jun 2019
  • New Zealand: EQC secures reinsurance cover of over US$4bn

    International reinsurers have shown their continuing confidence in New Zealand and the Earthquake Commission (EQC) with an agreement reached for NZ$6.2bn ($4.1bn) of reinsurance with EQC for the policy year that began on 1 June 2019, EQC Chief Financial Officer Chris Chainey has said.

    Asia | 10 Jun 2019
  • Nigeria: Mart consolidation looms as insurers scramble to meet new capital rules

    The National Insurance Commission (NAICOM), which regulates the industry in Nigeria, has increased the required minimum capital for insurance and reinsurance companies, with the exception of takaful operators and microinsurance firms. As an estimated 10 of the 57 insurance companies in operation currently meet the requirements, a shake-up is expected in the market with moves towards consolidation.

    Africa | 09 Jun 2019
  • Reinsurers' capacity behind small insurers' anaemic development

    Apart from motor business, local reinsurance companies in China lack the capacity to support other forms of risks, according to a senior insurance industry executive.

    China | 07 Jun 2019

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