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Insurance
Peak Re’s licence to establish a branch in Labuan, Malaysia, to write general insurance business in Malaysia has come “at just the right time”, Jasmine Miow, director of South Asia, SEA and MENA markets at Peak Re, told SIRC Today. 30 October 2017
Insurance
Although earthquake risk in Japan is relatively well understood and the industry performed well in the aftermath of the last big quake to hit the country, in 2011, more must be done to tackle the protection gap (the difference between the economic loss and the insured loss) and the extent to which insurance is used to protect certain risks. 30 October 2017
Insurance
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. 30 October 2017
Insurance
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. 30 October 2017
Insurance
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. 30 October 2017
Insurance
Ironshore said on Oct. 30 that it appointed three executives to underwrite specialty casualty risk in the US and the London Market. 30 October 2017
Insurance
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. 30 October 2017
Insurance
Aon said on Oct. 30 that it has acquired has acquired UK’s independent insurance broking firm Henderson Insurance Broking Group. 30 October 2017
Insurance
Managing general agent (MGA) Wrisk said on Oct. 30 that it raised £500,000 through crowdfunding in less than five working days. 30 October 2017
Alternative Risk Transfer
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. 30 October 2017
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