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Updated: 1 hour 7 min ago

Hagibis losses estimated between $7bn and $11bn

4 November, 2019 - 10:06
Insured losses stemming from Typhoon Hagibis in Japan will be between $7 billion and $11 billion, according to catastrophe risk modelling company RMS.

Markel Acquires Caunce O’Hara Freelancer and Contractor Insurance Business

4 November, 2019 - 10:02
Markel UK, the division of Markel International that provides insurance, tax and legal services for SMEs, has acquired Caunce O’Hara & Company Ltd, following regulatory approval from the FCA.

Reinsurance Group of America reports dip in Q3 net income

4 November, 2019 - 10:01
Reinsurance Group of America, a global provider of life reinsurance, has reported third quarter net income of $262.8 million down from $301.2 million reported for the prior-year quarter.

Hiscox CEO Masojada: gross written premiums rise 7.3% in 2019 so far from 2018

4 November, 2019 - 10:00
Specialist insurer Hiscox’s latest trading statement for the first nine months of 2019 shows that gross written premiums grew by 7.3 percent in constant currency to $3,212.6 million (2018: $3,044.6 million), with growth in every segment.

Berkshire Hathaway Reinsurance operation rebounds into profit

4 November, 2019 - 09:56
Berkshire Hathaway’s reinsurance division rebounded into profit in the third quarter, as premiums grew amid stronger demand.

SIRC concludes with record numbers

4 November, 2019 - 09:43
The 16th Singapore International Reinsurance Conference (SIRC) concluded on Friday at the Sands Expo and Convention Centre. This year, the conference attracted a record number of over 1,100 delegates representing over 400 companies and 53 countries from the insurance, reinsurance and broking community.

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.

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