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Reinsurance tag returned 1764 results

  • India: Panel proposes cutting compulsory cessions by insurers to zero

    A committee appointed by the IRDAI has recommended that the percentage of obligatory cessions that general insurers have to cede to state-controlled reinsurer GIC Re be removed, compared to the existing mandatory cession rate of 4%.

    Asia | 07 Dec 2022
  • Hong Kong: Govt releases development roadmap for the insurance sector

    The government yesterday issued a development roadmap for the insurance sector in Hong Kong, outlining its vision and mission as well as targeted policy measures to consolidate the city's status as a global risk management centre and sophisticated insurance hub.

    Asia | 06 Dec 2022
  • Indonesia: Reinsurer aims to limit exposure to credit business

    Tugu Reasuransi Indonesia's (Tugure) aims to improve underwriting performance by limiting its exposure to credit insurance through curtailing the claim ratio, says Fitch Ratings Indonesia.

    Asia | 02 Dec 2022
  • Reinsurance: Market conditions made uncertain by positive and negative factors

    AM Best has maintained its market segment outlook for the global reinsurance segment at 'Stable', citing the presence of highly uncertain market conditions with positive and negative factors offsetting one another.

    Asia | 01 Dec 2022
  • Reinsurance: Profits for 9M2022 boosted by continued double-digit premium growth

    The financial results of 25 reinsurance companies covered in Gallagher Re's data set remained strong on a nine-month basis, with an average combined ratio of 96.9%, up modestly from 95.5% from 9M2021, driven by more favourable performance in the first half of 2022.

    Asia | 01 Dec 2022
  • India: IRDAI proposes revamp of reinsurance regulations

    The IRDAI has revised an exposure draft on reinsurance business to harmonise the provisions of various regulations applicable to Indian insurers and Indian reinsurers including foreign reinsurance branches (FRBs) and Lloyd's India, and to enhance the ease of doing business.

    Asia | 29 Nov 2022
  • Eswatini: Lawmakers enact reinsurance law

    Eswatini's House of Assembly has passed the Reinsurance Bill into an Act, governing the establishment, regulation and promotion of reinsurance business and plugging a gap in insurance legislation.

    Africa | 28 Nov 2022
  • Africa: London-based group and continental reinsurer forms partnership

    London-based Africa Specialty Risks (ASR) and pan-Africa reinsurer, African Reinsurance Corporation (Africa Re), have entered into a partnership agreement on the provision of Political Risk and Trade Credit Insurance (PRI & TC) through an underwriting authority agreement.

    Africa | 28 Nov 2022
  • China Re sees boost to bottom line from investments, receives credit rating upgrade

    China Reinsurance (Group) Corporation (China Re) chalked up a five-year average return-on-equity ratio of 6.3% from 2017 to 2021, mainly attributed to favourable investment returns supported by a growing stream of interest income, which also helped offset capital losses in equity and funds during the first half of 2022, notes AM Best.

    China | 25 Nov 2022
  • Munich Re launches Shanghai-based innovation R&D Centre

    Munich Re has opened a new dedicated Shanghai-based R&D Centre that will enable the global reinsurer to strengthen its in-market knowledge and technology know-how and build a strong network with clients across industries.

    China | 25 Nov 2022

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