Reinsurance

Record-breaking Nat Cat causes $108b insured losses in 2023, says Swiss Re

Over the past 30 years, insured losses from Nat Cat have outpaced global economic growth

Record-breaking Nat Cat causes $108b insured losses in 2023, says Swiss Re

Over the past 30 years, insured losses from Nat Cat have outpaced global economic growth

Korean Re faces downgrade risk amid shifting market dynamics

S&P hints at better assessments if Korean Re sustains strong performance and market leadership.

Munich Re HealthTech taps Bilal Ramadan as CEO

Ramadan succeeds Gerry Raftopoulos, who served the HealthTech arm for 28 years.

Miller names new head of operations for Asia

Frédérique Champvillard will spearhead the firm's expansion in the region with a particular emphasis on enhancing client service.

Rishi Mehra to lead Aon India

Mehra was previously Chief Financial Officer for Asia and Greater China.

New reinsurance guidelines spotlight Indian insurers' capital management

The IRDAI is actively considering introducing collaterals within the Indian insurance industry.

AXA XL Reinsurance CEO ‘bullish’ for 2024

The CEO said a shift towards a more balanced relationship between insurers and reinsurers, with a clearer division of labour, in terms of the renewal season.

Dai-Ichi Life and Resolution Re signs reinsurance agreement

This marks the first Japanese reinsurance transaction for Resolution Re.

Natural calamities, pandemic push Asian reinsurers’ growth

Climate change and the COVID-19 pandemic presents vast potential for the reinsurers’ to transform.

Tokyo Olympics without crowds could cost reinsurers up to $400m

These losses should not materially affect earnings as there are reserves in case of potential losses.

AXA units, KKR subsidiary ink $4.8b whole life reinsurance deal

AXA HK has reinsured a closed block of whole life insurance policies originating in Asia.

Australia's Suncorp renews reinsurance programme for FY2022

The FY2022 reinsurance tower will grant Suncorp with $4.9b (A$6.5b) of protection.

Taiwan's COVID measures bring remote meeting, broker amendments to insurance market

Although temporary, the remote meeting measures may be adopted as a general practice.