News
Alternative Risk Transfer
There is an oversupply of capacity in the Asia-Pacific region, which is driven in part by the success of Singapore as a regional reinsurance hub, according to Nick Orton, senior international treaty underwriter at Hiscox Re & ILS. 29 October 2018
Alternative Risk Transfer
Allianz has a comprehensive footprint across Asia, with its risks managed by a centralised buying strategy, as Amer Ahmed of Allianz Re tells SIRC Today. 29 October 2018
Insurance
Flood exposure data in Asia poses challenges due to the lack of precise location information, which in turn is making it difficult to underwrite this risk and close the protection gap, Iain Willis, managing director of JBA Risk Management Singapore, told SIRC Today. 29 October 2018
Insurance
Allied World’s acquisition of RSA’s operations in Hong Kong and Singapore as well as its takeover by the Fairfax group has strengthened the re/insurer’s capabilities and potential growth opportunities in Asia, Michael Garrison, president Asia-Pacific, told SIRC Today. 29 October 2018
Alternative Risk Transfer
The ILS market has continued its spectacular growth and steady evolution to become an important part of the re/insurance toolbox, according to Paul Schultz of Aon Securities. 29 October 2018
Insurance
Insurers and reinsurers must find a way to plug the protection gap in the US, revealed so starkly in the aftermath of recent hurricanes and especially relating to flood risk, David Sampson, chief executive of the Property Casualty Insurers Association of America (PCI), told PCI Today. 28 October 2018
Insurance
Insurers are increasingly baffled by the array of insurtech companies competing for their attention and are struggling to conceive a strategy that ensures they keep track of important developments, while ignoring irrelevant background noise. 28 October 2018
Insurance
Broker Miller will acquire Alston Gayler and Co, an independent London market re/insurance broker specialising in multiple lines of business, from Nelson Holdings. 22 October 2018
Insurance
Japanese insurance group MS&AD is seeking acquisitions outside Japan to further diversify the business, CEO Yasuyoshi Karasawa said while presenting the group’s “Vision 2021” plan. 12 October 2018
Insurance
Insured losses from Hurricane Michael will be close to $8 billion, according to catastrophe modelling agency Karen Clark & Company (KCC). 12 October 2018
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