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Reinsurance tag returned 1186 results

  • Saudi Arabia: Reinsurer to increase capital through bonus issue

    Saudi Reinsurance Company (Saudi Re), a leading reinsurance company in the MENA region, said it will increase the company's capital to fund its expansion plans.

    Middle East | 18 Apr 2021
  • Global: Reinsurers expected to post modest underwriting profits this year - Fitch

    Global reinsurers are expected to post modest underwriting profits in 2021, as increases in reinsurance rates across almost all business lines are expected to outpace loss cost inflation, says Fitch Ratings. Pandemic-related losses are projected to normalise across non-life (re)insurance, life and health reinsurance mortality businesses.

    Asia | 15 Apr 2021
  • Lebanon: At least 16,000 Beirut Port-related claims amounting to US$1.1bn received

    Insurers in Lebanon have received at least 16,000 claims for estimated losses of close to $1.1bn from last year's 4 August Beirut Port explosions, according to the latest report released in February by the Insurance Control Commission (ICC), Lebanon's insurance regulator. Only $60m of this total has been settled so far.

    Middle East | 13 Apr 2021
  • Singapore: Honan offers reinsurance solutions

    Australian owned insurance and financial services broker Honan Insurance Group (Honan) has launched Honan Re, a new reinsurance offering to the broker marketplace.

    Asia | 13 Apr 2021
  • Global: Reinsurers show signs of underlying combined ratio improvement - Willis Re

    An in-depth analysis conducted by Willis Re of the results of a set of 17 reinsurers shows that their reported combined ratio deteriorated from 100.6% in 2019 to 104.1% in 2020, due entirely to COVID loss reserving.

    Asia | 13 Apr 2021
  • Indonesia: Reinsurer eyes international market

    Tugu Reasuransi Indonesia (Tugure) is partnering with its holding company, Asuransi Tugu Pratama Indonesia (Tugu Insurance), to expand its business network to the international market.

    Asia | 12 Apr 2021
  • Australia: APRA to curb use of offshore reinsurance

    The Australian Prudential Regulation Authority (APRA) is proposing revisions to a prudential standard to counter the potential risk from life insurers' increased use of offshore reinsurers, and to improve clarity on key definitions.

    Asia | 09 Apr 2021
  • Japan: Willis Re outlines 1 April P&C reinsurance developments

    Many reinsurers recognise that the primary fire market in Japan is seeing favourable rate development, says Willis Re in its latest 1st View renewals report.

    Asia | 09 Apr 2021
  • Southeast Asia: Capacity dampens price increases in regional retro segment - Willis Re

    Significant capacity was deployed in the Regional / Multi-territory Retro market in the region stifling previously anticipated price increases in the 1 April renewal period, says Willis Re in its latest 1st View renewals report.

    Asia | 06 Apr 2021
  • India: CAT activity seen as relatively benign

    The Indian market once again witnessed lower catastrophe activity this year. Treaties of the public insurers, though, suffered losses due to super cyclonic Storm Amphan which hit eastern India in May 2020. The other two cyclones which hit either side of the Indian peninsula -- Nisarga (June 2020) and Nivar (November 2020) -- were relatively benign, says Willis Re in its April 2021 edition of its 1st View renewals report.

    Asia | 05 Apr 2021

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