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Insurance
Lloyd’s has appointed Daniel Revilla as head of Latin America. He will be responsible for enhancing business relationships and trading rights across the region for the benefit of the Lloyd’s market. 14 October 2016
Insurance
Building client trust is a key ingredient for success in Asia, Laurence Cheng, Peak Re’s head of underwriting, told EAIC Today. 13 October 2016
Insurance
As India opens its market to international reinsurers, major foreign players are applying for licences to take advantage of the country’s strong growth potential. But they will encounter a fairly soft market with prices likely to depreciate further due to the additional inflow of capacity, and a paramount state-run competitor, experts believe. 13 October 2016
Insurance
Companies with captives based in Europe are likely to consider redomiciling them to Asia, due to the higher capital charges they will incur under Solvency II, according to a report from Marsh, Asia Insurance Market Report 2016. 13 October 2016
Insurance
Economic growth and a low insurance penetration compared to advanced economies is set to drive re/insurance growth in developing countries in Asia such as China, India and Thailand, according to a JLT Re report titled Emerging Markets: Moving Ahead. 13 October 2016
article
Cyber liability is one of the hottest topics in the Asian insurance market today, Patrick Chan, director and general manager at Hong Kong-based Nova Insurance Consultants, told EAIC Today. 13 October 2016
Insurance
There is huge potential for the growth of extended warranty insurance in Asia, Dermot Reilly, principal officer for Hong Kong-based NexAssure Agency, told EAIC Today. 13 October 2016
article
The question of whether the growing diversity of capital entering the risk transfer industry will ultimately end the traditionally cyclical nature of the industry was debated by senior industry executives at the annual Intelligent Insurer roundtable in Monte Carlo. 13 October 2016
Insurance
The Caribbean Catastrophe Risk Insurance Facility (CCRIF), a regional catastrophe fund for Caribbean governments to limit the financial impact of catastrophe events including hurricanes, is prepared to make additional pay-outs totalling almost $8 million to CCRIF member countries following the damage caused by Hurricane Matthew. 13 October 2016
Insurance
In May this year, Gen Re revealed that Kara Raiguel would replace Tad Montross at its helm, a move that triggered a phase of reassessment and change at the company. For Rainer Schuermann, Gen Re’s regional manager, P/C Treaty Asia, this can bring exciting opportunities to the region he is responsible for. 12 October 2016
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