News
Insurance
Lancashire Holdings posted what it called a “disappointing loss” in the third quarter of 2018 as it absorbed the effects of another busy period in terms of catastrophe losses; its book also shrank significantly mainly because of reinstatement premiums and the timing of some large multi-year deals. 1 November 2018
Insurance
Two large typhoons in Japan as well as earthquakes and heavy rainfall experienced in Japan have recently revealed the growth potential for business interruption cover in the country’s commercial insurance market, Ken Motoda, president of AGCS Japan, the local unit of Allianz’s commercial insurer, told SIRC Today. 31 October 2018
Insurance
Through FP Marine, RKH has a significant and longstanding presence in Asia, and one of the largest marine teams in London, as Stuart Beatty of RKH Specialty Asia tells SIRC Today. 31 October 2018
Insurance
Megacities represent significant concentrations of exposure at risk from typhoons—with high population densities and often unregulated expansion—and efforts are needed to make them more resilient to natural disasters, Hemant Nagpal, managing director and specialist on Asia-Pacific models at RMS, told SIRC Today. 31 October 2018
Insurance
The Lloyd’s profitability review had to happen, and against that backdrop has helped its Asia platforms keep competitive within the Asia-Pacific region, Veronica Grigg, chief executive officer of Asia-Pacific, Argo Global, told SIRC Today. 31 October 2018
Insurance
Various markets such as Indonesia and India have a level of insurance sector protectionism, and more needs to be done to remove barriers to entry in order to reduce the insurance gap in Asia, says Philip Chung of S&P Global Ratings. 31 October 2018
Insurance
Specialist re/insurer Beazley has a very distinct approach to countries in Asia, reflecting the particular social and economic development in each country, Lucien Mounier, head of Asia-Pacific, and Nicholas Tey, regional manager, Asia, at Beazley told SIRC Today. 31 October 2018
Insurance
Singapore-based re/insurance broker Symbo is raising fresh capital to expand its fully digital platform, Anurag Jaroli, head of reinsurance of Symbo, told SIRC Today. 31 October 2018
Insurance
Bermuda-based RenaissanceRe Holdings has agreed to acquire its competitor Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent company Tokio Marine Holdings. 31 October 2018
Insurance
Natural catastrophes have impacted Bermuda-based RenaissanceRe Holdings’ (RenRe) profits in the third quarter of 2018 while the company revealed that it is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion. 31 October 2018
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