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Nat cats squeeze RenRe’s profit prior TMR acquisition
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
Tokio Marine exits reinsurance as profitability slumps
News
Challenging market conditions and a renewed focus on building its primary insurance business have resulted in Tokio Marine Holdings taking the decision to divest its reinsurance operations in a $1.5 billion sale to specialist Bermuda reinsurer RenaissanceRe Holdings, which is scaling up its business.   31 October 2018
CCR Re to grow Asia-Pac life
Insurance
CCR Re is looking to expand the life business with its existing partners in the Asia-Pacific region, as Bertrand Labilloy, CCR chairman, told SIRC Today.   30 October 2018
Insurance
The continued pressure on rates despite recent losses seems to dominate re/insurers’ concerns ahead of renewals.   30 October 2018
Insurance
The key to unlocking Asia-Pacific is product expertise that responds to clients’ needs—as opposed to targeting growth in a specific region, says Stuart Beatty of RKH Specialty Asia.   30 October 2018
Insurance
Canopius is looking to re-engage with some of the former clients in the Japanese market it had prior to ownership by Sompo, chairman Michael Watson, and Asia-Pacific and MENA chief executive officer Mark Newman, told SIRC Today.   30 October 2018
Insurance
Chinese insurers are diversifying their business and product offering, which is set to lead to higher cessions to reinsurers, Brian Secrett, chief underwriting officer at Tokio Millennium Re (TMR), told SIRC Today.   30 October 2018
Insurance
The boss of US re/insurer Navigators believes the company will go from strength to strength under the ownership of The Hartford—especially in its international operations and its reinsurance unit—as it rolls out a wider range of products and is backed by an even bigger balance sheet.   30 October 2018
Insurance
An increase in losses from unmodelled non-catastrophe events has again illustrated the need for rate increases, Mohit Pande, head of US global property underwriting, Swiss Re, told PCI Today.   30 October 2018
Insurance
While China and India promise great growth potential, profitable business for reinsurers is hard to come by—the key is to offer cedants added value and additional services, Jean-Paul Conoscente, CEO of SCOR’s P&C reinsurance business unit globally, told SIRC Today.   29 October 2018

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