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Reinsurance tag returned 1113 results

  • UAE: Regulator suspends reinsurance rating requirements for one year

    The Insurance Authority (IA) has exempted reinsurance providers from rating requirements for a period of one year to ease the pressure on capacity, especially with the COVID-19 pandemic causing more stress.

    Middle East | 14 Jan 2021
  • Reinsurance: Howden Group provides US$84m to increase Tamesis DUAL's capacity

    Howden Group Holdings yesterday announced an investment of $84m in support of Tamesis DUAL, the reinsurance division of DUAL Group, the world's largest international MGA. This additional capacity has been in place since 1 January 2021 and the capital was provided by Howden Group and a third-party investor.

    Asia | 14 Jan 2021
  • Australia: QBE finalises 2021 reinsurance coverage on better terms

    QBE, Australia's largest insurer in terms of premium income, has finalised renewal of the Group's reinsurance programme effective 1 January 2021, the company says in a statement.

    Asia | 13 Jan 2021
  • Reinsurance: 1 Jan renewals seen as orderly and efficient -- Aon

    The reinsurance market operated in an orderly and efficient manner for January renewals despite record-setting hurricane landfall in the US and uncertainty about the impact of COVID-19 in some lines, says Aon in its January 2021 edition of the "Reinsurance Market Outlook" report.

    Asia | 13 Jan 2021
  • Ghana: Local reinsurer has favourable operating record

    Ghana Re has a track record of positive operating results, which are considered adequate when the high level of inflation in the company's key markets is taken into account, says AM Best.

    Africa | 11 Jan 2021
  • Africa: Insurers urged to play a role in new continental free trade area

    The insurance sector in Africa can push for the inclusion of insurance particularly as the African Continental Free Trade Area (AfCFTA) has come into effect since 1 January 2021, according to Mr Ekerete Olawoye Gam-Ikon, a management consultant with a specialisation in strategy and insurance.

    Africa | 11 Jan 2021
  • Africa: Growth of insurance market delayed, not derailed

    The adverse effect of the COVID-19 pandemic on the insurance sector in Africa is expected to delay rather than alter the pattern and potential of future growth. And in some cases, the crisis may accelerate existing trends-notably the shift toward digital and remote channels, which has the potential to offer new opportunities to both insurers and consumers, says global consulting firm McKinsey.

    Africa | 11 Jan 2021
  • Reinsurance: Discipline marks 1 Jan renewals, expected to continue in the short term

    Reinsurers were mostly disciplined and discerning at 1 January 2021 reinsurance renewals, portending similar discipline in the near-term, according to UK headquartered international insurance broker Howden.

    Asia | 07 Jan 2021
  • Singapore: MS Amlin Underwriting launches Phoenix 1 Re

    MS Amlin Underwriting Limited (MS AUL), a Lloyd's (re)insurer, has announced that MS Amlin Asia Pacific (MS AAP), its Singapore based operation, has launched a local special purpose reinsurance vehicle (SPRV) called Phoenix 1 Re. This is a landmark first locally issued ILS to provide capacity to a local cedant, solely focused on the Pan-Asia region.

    Asia | 07 Jan 2021
  • Turkey: Nexus facilitates first structured MTPL reinsurance deal

    Leading independent specialty Managing General Agent Nexus Group has announced that Labuan-based Nexus Structured Solutions has developed a groundbreaking, 10-year structured reinsurance deal for innovative niche Turkish insurer, Koru Sigorta Anonim Sirketi, covering its Motor Third Party Liability (MTPL) book of business with capacity provided by an 'AA-' rated global reinsurer.

    Middle East | 06 Jan 2021

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