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Updated: 8 min 43 sec ago

More growth ahead

30 October, 2017 - 22:27
Indian reinsurer GIC Re is preparing to launch an IPO. Chairman-cum-managing director Alice G Vaidyan explains the reasons behind it and the company’s plans for the months ahead to SIRC Today.

Launching new risk models in Asia

30 October, 2017 - 22:27
As JBA Risk Management Singapore launches new risk models in the Asia-Pacific region, Iain Willis, its managing director, explains to SIRC Today the potential of these new products and how they will benefit the region.

How some reinsurers stand apart

30 October, 2017 - 22:27
Flaspöhler, part of NMG Consulting, conducts an annual, global study designed to illustrate reinsurers’ competitive positioning and value proposition in relation to their peers. Here, we reveal how the top reinsurers fared when brokers and insurance executives across Asia-Pacific were surveyed.

A perfect storm for shipping

30 October, 2017 - 22:26
Asian shipping has endured the coincidence of low freight rates, market consolidation, and the continued broader economic slowdown. Simon Saunders of Barbican Insurance Group discusses the implications of current conditions with SIRC Today.

Not immune to global rate pressures, but regulatory matters and technological disruptions also dominate discussions in Asia

30 October, 2017 - 22:26
While the global reinsurance markets are reeling from the recent hurricane losses and negotiating rate hikes, Asia has not seen major catastrophe losses this year and the dynamics are very different. Competition remains fierce while regulatory change and the influence of disruptive technologies on the markets are also hot topics, as Philip Chung of S&P Global Ratings explains to SIRC Today.

Ironshore appoints specialty executives in US, London Market

30 October, 2017 - 13:38
Ironshore said on Oct. 30 that it appointed three executives to underwrite specialty casualty risk in the US and the London Market.

XL outlook deteriorates due to nat cat losses

30 October, 2017 - 13:08
Fitch Ratings has reduced the outlook for Cayman Islands-based XL Group subsidiary XL (XLIT) and its property/casualty re/insurance subsidiaries to negative after “a meaningful deterioration in capitalization” following third-quarter nat cat losses.

Aon acquires Henderson Insurance Broking Group in UK expansion

30 October, 2017 - 12:45
Aon said on Oct. 30 that it has acquired has acquired UK’s independent insurance broking firm Henderson Insurance Broking Group.

New insurtech MGA Wrisk raises £0.5m through crowdfunding

30 October, 2017 - 10:42
Managing general agent (MGA) Wrisk said on Oct. 30 that it raised £500,000 through crowdfunding in less than five working days.

Markel CATCo raises over $1.8bn

30 October, 2017 - 10:19
Bermuda-based Markel CATCo Investment Management (Markel CATCo) said on Oct. 30 that it raised over $1.8 billion for its private fund as a result of additional investments from both existing and new investors.

Forces Shaping the London Market

30 October, 2017 - 10:00
Eight senior figures gathered at a roundtable discussion covering the forces driving change in and shaping the London Market in the context of how insurers and reinsurers are responding. The discussion, held in partnership with DXC, covered topics including Brexit, premium shrinkage and competition from other domiciles, talent and diversity.

Economic losses from wine country wildfires at up to $8bn

30 October, 2017 - 09:57
Economic losses from the wildfires impacting Sonoma, Napa, Solano, Lake, and Mendocino counties are estimated at between $6 billion and $8 billion, according to catastrophe risk modelling firm RMS.

RFIB launches Singapore operation in Asian expansion

30 October, 2017 - 09:48
Lloyd’s re/insurance broker RFIB Group said on Oct. 30 that it has launched RFIB (Singapore). The new operation will serve as a hub for the continued development of RFIB’s presence across Asia, according to the statement.

Global insurance M&A activity slow in 2017

30 October, 2017 - 09:38
Global mergers and acquisitions’ activity has been “well below average levels recorded in the 2000s-era” in terms of both deal value and deal count, CreditSights analysts said in an Oct. 29 research note.

R&Q agrees with ProSight Specialty Insurance to manage Syndicate 1110

30 October, 2017 - 09:36
Randall and Quilter Investment Holdings (R&Q) said on Oct. 30 that it has reached an agreement with ProSight Specialty Insurance (ProSight) to novate the management of Syndicate 1110 (S1110) to R&Q Managing Agency Limited (RQMA).

R&Q unit partners with Atlas General

30 October, 2017 - 09:21
Florida-based P&C insurer Accredited Surety and Casualty Company (ASC), a subsidiary of Randall & Quilter (“R&Q”), said on Oct. 30 that it has partnered with Atlas General Insurance Services (“Atlas”).

US GDP Growth: How much is possible?

27 October, 2017 - 14:00
While 3 percent GDP growth in the US is possible but difficult to sustain, the talked-about higher numbers are not likely to eventuate, say Vin DeLucia and Michele Matzinger of NEAM.

Struggling to keep pace

27 October, 2017 - 14:00
The London Matters 2017 report has confirmed what anecdotal evidence had pointed to for some time: the London Market is starting to lose market share to other risk transfer hubs globally. The question now is how it can reverse this trend. Intelligent Insurer reports.

Aon profit falls YOY in Q3

27 October, 2017 - 11:58
Net income attributable to Aon shareholders was $185 million in the third quarter of 2017 compared to $319 million in the same period a year ago as operating income falls and restructuring costs bite.

$1.9bn nat cat hit drives Chubb into Q3 loss

27 October, 2017 - 09:43
Property/casualty insurer Chubb said on Oct. 26 that it reported a net loss for the third quarter of $70 million after recording pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, of $1.89 billion in the quarter.

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