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Updated: 2 hours 30 min ago

Insurers welcome unanimous vote for bill to extend TRIA

1 November, 2019 - 10:59
The insurance industry has welcomed the U.S. House Financial Services Committee voting by 57 votes to zero to advance a bill to extend the Terrorism Risk Insurance Act (TRIA).

Ascot launches management liability and financial institutions group

1 November, 2019 - 10:24
Ascot has launched a management liability and financial institutions group, with the appointment of Ryan Becker as executive vice president.

Catastrophe insurance data firm PERILS to include New Zealand in coverage

1 November, 2019 - 10:08
PERILS, a Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include New Zealand.

Thomas Leahy named as president of Ironshore’s professional and management liability division

1 November, 2019 - 10:00
New York-based Ironshore has named Thomas F. Leahy, Jr. as president of IronPro, its professional and management liability division, effective November 1, 2019.

Argo Group appoints new executive VPs with new reporting structure for Americas

1 November, 2019 - 09:57
Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance products, has established a new reporting structure led by newly appointed executive vice presidents. They will report to Kevin Rehnberg, president, group chief administrative officer and head of the Americas for Argo.

Mapfre shares fall 4.6% and Mapfre Re sees decline in profit

1 November, 2019 - 09:41
Mapfre Re reported a sharp fall in profit yesterday, hurt by an increase in claim frequency, and shares in Mapfre fell 4.6 percent despite strong growth for other parts of the company.

RMS’ modelling grows broader following Typhoon Jebi, says Asia director

31 October, 2019 - 16:19
Media reports of differences between modelled losses and actual claims following Typhoon Jebi reflect a misguided expectation that the modelled figures include factors not covered by the models factors that the re/insurers using the models know they need to consider.

High proportion of SIRC 2019 survey respondents embracing insurtech, Intelligent Insurer finds

31 October, 2019 - 16:17
More than half, 53 percent, of respondents to a survey carried out by Intelligent Insurer said they are actively partnering with or investing in insurtech companies, and insurtech is high on the agenda at SIRC this year.

A Japanese perspective from S&P Global Ratings

31 October, 2019 - 16:16
If typhoons Faxai and Hagibis prove as big an insurance event as Jebi, domestic primary insurers’ capital and earnings assessment will take a hit, Eiji Kubo of S&P Global Ratings tells SIRC Today.

Cat models in demand in Asia with focus on typhoon, earthquake and flooding models, says AIR

31 October, 2019 - 16:15
In line with the growth of the re/insurance industry in the region, there is growing demand for cat models for Asia, Milan Simic, executive vice president and director of global business development for AIR, told SIRC Today.

Cyber market has momentum; coverage needs to be more explicit, says Hannover Re

31 October, 2019 - 16:14
The cyber market is exhibiting good momentum, with efforts being made to ensure the coverage is more explicit, Sven Althoff, member of the executive board for Hannover Re, told SIRC Today.

Shevawn Barder of AM Re Syndicate can see opportunities in the current market

31 October, 2019 - 16:13
Shevawn Barder of AM Re Syndicate can see opportunities in the current market, as she told SIRC Today.

Survey find Singapore firms at cutting edge of data

31 October, 2019 - 16:12
Singapore-based organisations are the most data-ready in the Asia-Pacific region, according to a new survey of the area.

Singapore minister Indranee Rajah praises plans for ASEAN nat cat data and analytics platform

31 October, 2019 - 16:11
Indranee Rajah, Singapore’s minister in the Prime Minister’s office and second minister for finance and education, highlighted the environment and politics as two headwinds that the re/insurance industry is Asia is facing.

Allianz sees success as it grows Asia footprint, says Asia-Pacific CEO, Mark Mitchell 

31 October, 2019 - 16:10
Four or five years ago Allianz’s footprint in Asia was “pretty limited”, Asia-Pacific CEO Mark Mitchell told SIRC Today, saying it started out with branches in Japan, Hong Kong and Singapore.

Re/insurance to grow in importance in the future, SIRC 2019 panel confirms

31 October, 2019 - 16:08
Gross domestic product growth is outstripping insurance growth, the protection gap is widening and insurance coverage is not keeping pace with rising risks, but there are reasons to be optimistic about the future importance of re/insurance, according to panellists in the “Reshuffling the Industry” panel discussion at the Singapore International Reinsurance Conference yesterday.

Asia Pacific sees rapid insurance market liberalisation: Aon

31 October, 2019 - 11:13
Asia Pacific re/insurance markets are seeing accelerated liberalisation and cross-jurisdiction collaboration develop further as rating agencies and regulators evolve to keep up with the rapid pace of change in the region, according to research from Aon.

Reinsurance revenue and margins grow at Willis Towers Watson

31 October, 2019 - 11:03
The Investment, Risk & Reinsurance (IRR) segment of Willis Towers Watson (WTW) saw revenue rise to $325 million in the three months to September, an increase of 2 percent, and 5 percent in constant currency terms, from $317 million in the prior-year third quarter.

China agricultural insurance premiums surge on government subsidies

31 October, 2019 - 10:48
China has increased its insurance premium volume more than tenfold in just a few years, according to analysis by reinsurer SCOR.

Trov partners with Suncorp for auto & mobility insurance in Australia

31 October, 2019 - 10:18
Insurtech firm Trov is partnering with Suncorp Group to launch a personal auto & mobility insurance product, which will provide coverages tailored to personal transportation preferences, in the Australian market.

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