Reinsurance
Global reinsurance market set for robust profit margins
AM Best expects reinsurers to maintain underwriting discipline in the near term.
Global reinsurance market set for robust profit margins
AM Best expects reinsurers to maintain underwriting discipline in the near term.
Mitsui Sumitomo Insurance boasts strong capital base: AM Best
Thanks to its resilient capital base and strategic equity disposal plans.
FuSure Reinsurance’s risk-adjusted capital to stay solid until 2027
From 2024 to 2027, it targets double-digit growth in gross written premiums.
Reinsurance risks increase at Tokio Marine Indonesia
As a small non-life insurer in Indonesia, TMI holds a 2.1% market share.
BMS Re boosts MGA business with six new hires
It said it boosts its ProLink Solutions personnel by 40%.
GIC Re witnesses premium income fall in 9M’23
Its premium income fell to INR28,458.1 crore.
Munich Re projects $2b net profit in Q1’24
It forecasts a net profit of €5b for the year, 9% higher than 2023.
Malaysian Re inks deal with Chinese firms on cancer treatment
It hopes to improve products under health and medical.
Allianz Partners establishes presence in GIFT City
It is the first foreign reinsurer to operate in the area.
Canopius reels in new CEO for APAC, MENA
Soon Keen Lee is expected to join Canopius before the end of Q2’24.
Global non-life reinsurance market to see improved margins
The market witnessed a dramatic increase in average retentions on property reinsurance programmes.
Australia’s Christmas storms cause AU$1.5b industry loss
The storm brought hail sizes of up to 10cm.
Swiss Re welcomes new CEO, Mumenthaler steps down after 8 years
His role as CEO will be effective 1 July.
Property catastrophe reinsurance sees ‘strong’ appetite on higher returns
At $670b, total global reinsurance capital is now close to the 2021 peak levels.
Reinsurers adopt risk-on strategy, boost capacity – Gallagher Re
Japanese catastrophe excess of loss programs showed consistent quoting.
Hanoi Re faces elevated expense ratio challenges – AM Best
As one of the two domestic reinsurers in Vietnam, Hanoi Re has a moderate underwriting risk.
Lloyd’s sees 11.6% gross written premiums surge in 2023
Its overall profit before tax stood at $13.5b.
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