Tobias Farny is Munich Re’s chief executive for the Asia Pacific markets of China, Hong Kong, Taiwan, Australia and New Zealand
Chief economist briefing emphased the ‘R’ word(s): trade war is risk number one; recession in the US 35% likely; and resilience in the global economy is worse than before the financial crisis
A panel debate at the end of the SIRC conference asked whether traditional broking is dead and how it should evolve
Lloyd’s CEO John Neal addressed SIRC 2019 about Asia’s place within the Blueprint One strategy for the future at Lloyd’s
A government minister’s speech at SIRC 2019 emphasised three issuances so far, encouraging more Asian cat bond business to come to the Southeast Asian city-state
Catch up with all the news on the third day of the 16th Singapore International Reinsurance Conference (SIRC)
Pricing inadequacy means saying no to some business, stresses PartnerRe’s Asia Pacific CEO
There has never been a better time to buy cyber insurance. Despite this, there is still a concerning lack of take-up among Asia’s insurance buyers, according to Alex Jomaa (pictured), cyber underwriter at Tokio Marine Kiln
Transparency for investors and clients together with “institutionalising” corporate governance, are at the centre of Trust Re’s new chief executive’s plan to return the reinsurer to a growth trajectory
Catch up with all the news on the second day of the 16th Singapore International Reinsurance Conference (SIRC)
This year’s event is “the largest SIRC ever”, organisers boast, welcoming 1,130 delegates from more than 400 organisations and 53 countries to Singapore
Tony Gallagher, reinsurance broker Guy Carpenter’s CEO of Asia Pacific answers GR’s questions, as the region’s reinsurance players meet for the annual SIRC rendezvous in Singapore
China, India and Vietnam represent health reinsurance opportunities
Smaller Asian insurers have had limited provision under reinsurance treaties to write professional lines business, relying on fac placements, something broker New Dawn Risk is trying to change
Malaysia, Indonesia, and Singapore were ranked in top positions in a country opportunity index
Catastrophe risk poses one of the big challenges for Asia Pacific’s economies. Modelling solutions need to keep up with the reinsurance market’s developing exposures, Brad Weir, Head of Analytics for Asia at Aon’s Reinsurance Solutions business tells GR.
Catch up with all the news from the first day of the 16th Singapore International Reinsurance Conference (SIRC)
Defining the pro-democracy protests as terrorism could impact insurance policies, as the cost of the demonstrations continues to rise
Q&A with Marc Haushofer, SRA chairman and honorary advisor to the organising committee for the 16th Singapore International Reinsurance Conference (SIRC)
Q&A with Peter Schmidt, chief executive, MEA, APAC, LATAM, Credit & Surety, AXA XL Reinsurance, a division of AXA
The insurance protection gap in emerging Asia has been exasperated by insufficient protection through social security, according to Hong Kong-based reinsurer Peak Re
Q&A with GIC Re General Manager Satyajit Tripathy, who explains that even after significant loss events Asian prices have barely budged
Beazley is expanding its Asia Pacific underwriting footprint. The specialist insurer said it has made a strategic investment in the region to facilitate its expansion.
Asia’s life and health (L&H) reinsurance market is changing, with fresh entrants and a change of products being sold on the primary side, according to Pierre Vende, Head of Accident, Health and Life, Aon Reinsurance Solutions.
Catastrophe risk modeller AIR Worldwide said more than half of the losses would come from inland flooding
Marsh discussed some exclusions that may arise and legal issues during its briefing on the pandemic last week
Kroll Bond Rating Agency (KBRA) releases updated views about COVID-19’s implications for the global insurance sector.
2020-03-25T09:26:00+00:00By Clare Ruel
In a briefing last week, Marsh also revealed the four areas that businesses should prioritise during this global outbreak including regular communication with staff
2020-03-19T09:07:00+00:00By Katie Scott
Covid-19 is leaving an unstoppable imprint across global businesses – Sister title, Insurance Times reviews the current lay of the land in the industry sectors most affected
Insurers are likely to face progressively difficult conditions in the immediate future, both in terms of navigating challenging market conditions and in maintaining operations, while taking steps to protect employees and customers.
Following UK government advice on COVID-19, Lloyd’s Executive Committee has today decided to close the Underwriting Room with effect from 16:00 (GMT) on Thursday 19 March. We’re confident our emergency trading protocols will enable the market to continue trading.
AM Best is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy and other aspects of the risks borne by rated entities.
2020-03-18T12:19:00+00:00By Fitch Ratings
Financial market disruption stemming from the spread of the coronavirus is the main threat to the credit profiles of European reinsurers, Fitch Ratings says.
Most businesses do not have insurance cover to compensate them for coronavirus losses
2020-03-17T14:43:00+00:00By Katie Scott
Coronavirus-related impacts on insurers’ investment businesses could see premiums skyrocket
As energy systems change globally to incorporate renewable technologies, opportunities are arising for insurers to innovate products and to support this industry.
MultiStrat’s innovative products can now be scaled more rapidly with the support of Canopius’ expertise and resources.
Mango will report to Everest Re Group President and CEO Juan C. Andrade
2020-03-16T10:57:00+00:00By Source: Company press release
Effective April 1, 2020
A committee of the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to put in place a system in place which would help foreign reinsurance company branches, reinsurers and Lloyd’s India in carrying out their operations seamlessly.
2020-03-12T12:49:00+00:00By Clare Ruel
The underwriting room and other public areas will also get a deep clean
2020-03-11T14:34:00+00:00By Clare Ruel
Boots takes action after card security breach
Aon chief executive Greg Case believes combined firms will boost solutions for customers
2020-03-11T14:26:00+00:00By Clare Ruel
It will mean greater operational efficiencies and cost savings for Guy Carpenter
2020-02-28T10:13:00+00:00By Katie Scott
The two new starters have a combined 19 years of industry experience
One of the best performing in 5 years