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Updated: 45 min 45 sec ago

Verisk sees strong growth in insurance business

30 October, 2019 - 11:11
Data analytics company Verisk saw strong growth in its insurance business in the third quarter, despite suffering a $125 million charge for patent infringement.

AXIS Capital combined ratio soars to 109.4% on cat losses

30 October, 2019 - 10:52
AXIS Capital’s combined ratio soared to 109.4 percent in the third quarter, hit by catastrophes, and losses in its credit and aviation lines.

LV= appoints Jon Mansley as sales and marketing director

30 October, 2019 - 10:23
LV= General Insurance (LV= GI), a personal lines insurers in the UK, has appointed Jon Mansley to the newly created role of sales and marketing director.

Apollo Syndicate Management appoints Vinay Mistry as chief risk officer

30 October, 2019 - 10:01
Apollo Syndicate Management, an independent specialist insurer and reinsurer at Lloyd’s, has appointed Vinay Mistry as chief risk officer, effective from November 1. He reports to David Ibeson, Apollo’s chief executive.

China and India have biggest non-life insurance potential: Mapfre

30 October, 2019 - 08:51
China and India are the markets with most growth potential for closing the protection gap in non-life insurance, according to analysis carried out by Spanish insurer Mapfre.

Premiums surge at RenaissanceRe in casualty and specialty

30 October, 2019 - 08:44
RenaissanceRe reported sharply higher third quarter premiums, and a sharp reduction in its combined ratio.

Malaysia constructs first run-off rules for AXA LM to complete Munich Re deal

29 October, 2019 - 16:19
On October 1, 2019, AXA Liabilities Managers (LM) completed its acquisition of the Munich Re non-life run-off portfolio in Malaysia.

Identifying attractive buyers based on performance

29 October, 2019 - 16:15
Reinsurers may think they know what the perfect client looks like but they might not always be correct. Stuart Shipperlee, managing director of Litmus Analysis, explains the perspective offered by the results of the consultancy’s analysis of Asia-Pacific cedants.

Insurtech, cyber, rates and T&Cs the hot topics for SIRC 2019, finds Intelligent Insurer survey

29 October, 2019 - 16:14
The growing role of insurtech and its influence on the industry is expected to be the main topic of conversation at SIRC this year, according to delegates surveyed by Intelligent Insurer.

Typhoons hit Japanese non-life market in 2018, Toa Re report finds

29 October, 2019 - 16:13
The Japanese non-life insurance market experienced a mixed year in 2018, according to a report from the underwriting and planning department of Toa Reinsurance.

Asian Development Bank report claims disaster insurance lacking in the region

29 October, 2019 - 16:11
The Asian insurance market is expanding but in a fitful manner, with some countries lacking disaster or agricultural insurance schemes, according to a report by the Asian Development Bank (ABD).

MGA Nexus Asia expands business lines on offer and expects to be “largest MGA in the region” within two years, says CEO Egerton

29 October, 2019 - 16:10
Nexus Asia expects to be the largest managing general agency (MGA) in Asia by gross written premium, as well as commission income and earnings before interest, tax, depreciation and amortisation, in the next 12 months to two years.

Losing home advantage

29 October, 2019 - 16:09
Home-court advantages are eroding for Asia-Pacific reinsurers as urbanisation and chaotic weather throw up new pricing challenges, Eunice Tan of S&P Global Ratings told SIRC Today.

Clyde & Co Clasis sees favourable conditions for re/insurers to grow in South East Asia

29 October, 2019 - 16:08
Justin Tan, corporate partner at law firm Clyde & Co Clasis, part of the global firm’s Asia-Pacific network, sees growth for re/insurers coming from the consistent economic growth of South East Asian countries, as they have been actively targeted by several global life and health companies as new and/or growth markets.

Specialist valuer John Foord says Asia growth ‘strong overall’ despite US-China trade tensions

29 October, 2019 - 16:07
John Foord, the specialist valuation and appraisal practice headquartered in Singapore, saw its global team grow in size by 15 percent in 2018, and the firm expects to match this growth in 2019.

Opportunities in Asia-Pacific for GIC Re

29 October, 2019 - 16:06
With India providing the bedrock for its operations in the region, GIC Re sees the wider Asia-Pacific region as the growth engine for the world economy and its own aims, Devesh Srivastava of GIC Re told SIRC Today.

PartnerRe refocuses Asia strategy to grow profits in challenging times

29 October, 2019 - 16:00
PartnerRe is placing a significant focus on achieving technically sustainable pricing with long-term client partners as a “business as usual” approach will not be sufficient to achieve profitable growth and adequate returns in today’s challenging environment.

Beazley builds US commercial property capability

29 October, 2019 - 15:40
Specialist insurer Beazley has appointed Matthew Westhoff as head of US large commercial property based in New York.

California wildfires are ‘new normal’: AM Best

29 October, 2019 - 15:33
California wildfires have hit the headlines, but the problem so far in 2019 is less than in previous years, and the bigger insurance companies operating in California should have adequate resources to cope, according to ratings agency AM Best.

Risk & insurance revenue tops $2 billion at Marsh

29 October, 2019 - 15:28
Marsh & McLellan’s third-quarter revenue topped $2.2 billion at its risk & insurance division, with strong growth at Guy Carpenter among the highlights.

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