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Reinsurance tag returned 1146 results

  • MENA: Insurers should brace for a tougher reinsurance environment

    Change in the reinsurance equation is imminent and insurers in the MENA region, especially small institutions, are going to bear the brunt of changes unless they take the right measures, executives at a webinar organised by General Arab Insurance Federation (GAIF) have warned, while voicing the need to establish a strong regional reinsurer.

    Middle East | 25 Feb 2021
  • Qatar: Oman Re grows with new branch at QFC

    Oman Re, the sole reinsurer based in Oman, has launched its branch at the Qatar Financial Centre (QFC) in Doha to provide its regional clients with greater access to its underwriting expertise and capacity. The establishment of the branch follows the receipt of necessary regulatory approvals.

    Middle East | 25 Feb 2021
  • Hong Kong: Govt proposes pilot ILS grant scheme

    The Hong Kong government has proposed launching a two-year Pilot Insurance linked Securities (ILS) Grant Scheme to attract insurance enterprises or organisations to issue ILS in the territory.

    Asia | 25 Feb 2021
  • Global: COVID-19 expected to boost reinsurance growth despite losses faced by reinsurers

    Paris headquartered SCOR says that COVID-19 is helping to create the conditions for stronger reinsurance growth along with a positive pricing dynamic, even though the pandemic cost the global reinsurance company EUR640m ($777m) in 2020.

    Asia | 25 Feb 2021
  • Thailand: Pacific Life Re forms strategic partnership with ThaiRe Life

    Pacific Life Re and ThaiRe Life Assurance (ThaiRe Life) have signed a collaboration agreement to provide sustainable life reinsurance solutions to Thailand-based life insurance operators, according to a statement issued yesterday by Pacific Life Re.

    Asia | 23 Feb 2021
  • India: Reinsurance market shows red ink in FY2020

    The reinsurance sector in India reported aggregate losses for for the financial year ended 31 March 2020 (FY2020), compared to profits for FY2019, according to the IRDAI's "Annual Report 2019-2020" released recently.

    Asia | 23 Feb 2021
  • Global: Swiss Re dragged into red ink by COVID-19-related claims and reserves

    Swiss Re has reported a Group net loss of $878m for 2020. Excluding $3.9bn of COVID-19-related claims and reserves (pre-tax) for the year, Swiss Re's net income was $2.2bn, a material increase from $727m in 2019, the global reinsurance giant says in a statement.

    Asia | 22 Feb 2021
  • Australia: Terrorism insurance scheme renews reinsurance programme

    Australia's terrorism insurance scheme, administered by the Australian Reinsurance Pool Corporation (ARPC) , has renewed its retrocession reinsurance programme for the 2021 calendar year. The A$3.475bn ($2.73bn) retrocession reinsurance programme, plus ARPC's net assets and the A$10bn Commonwealth guarantee, provides scheme capacity in the event of a declared terrorism incident, against commercial and eligible property assets of just under A$14bn.

    Asia | 22 Feb 2021
  • Asia Pacific: Hannover Re sees 4.1% premium growth in the region at 1 Jan renewals

    One of the world's largest reinsurers, Hannover Re, increased its premium volume with growth of 4.1% in the Asia Pacific last year while at the same time boosting profitability, according to a statement issued by the reinsurer.

    Asia | 22 Feb 2021
  • Insurance industry estimated to have realised combined net profits exceeding US$53bn in 2020

    The aggregate full-year profits of insurance companies in China for 2020 are expected to have exceeded CNY343.2bn ($53.1bn), an increase of CNY29.85bn or 9.5% higher than in 2019. The favourable results were backed by investment income of around CNY1.1tn.

    China | 19 Feb 2021

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