singapore skyline

Munich Re Syndicate Singapore partners with coverholder Nectar

2019-04-18T10:58:00+01:00

Munich Re Syndicate Singapore – the Asia-Pacific arm of the Dominick Hoare-led Lloyd’s syndicate – has continued its expansion in the region, entering a partnership with coverholder Nectar Specialty Risk.

SCOR_Paris3-HD

Scor top line grows 9% at 1.4 renewals; rates “responded rationally”

2019-04-17T18:59:00+01:00

Scor Global P&C grew its gross written premiums at the 1.4 renewals by 9.6 percent at constant exchange rates to Eur548mn ($619mn), with rates up significantly in Japan and US market conditions improving.

Typhhon Jebi

Swiss Re’s Jebi loss could increase by $500mn in Q1: KBW

2019-04-09T16:08:00+01:00

Swiss Re’s long list of large losses is likely to be above budget in its first quarter results, believe KBW analysts following a pre-close call with management.

Japanese property cat pricing trends i

Loss-hit covers price up to 25% higher in rational 1.4 renewal: Willis Re

2019-04-01T14:27:00+01:00

Loss-affected contracts and programmes saw price increases of up to 25 percent at the Japan-dominated 1 April renewal balanced by flat pricing for loss-free classes and programmes, according to Willis Re.

HDI - Melbourne

HDI Global launches Australian aviation unit with QBE hire

2019-03-28T12:11:00+00:00

HDI Global Specialty SE – the new insurance heavyweight  created from the merging of the specialty lines activities of Hannover Re and HDI Global SE – has launched an Australian-based general aviation operation.

Florida and japan renewals

A tail of two renewals

2019-03-26T21:07:00+00:00

The influence of adverse loss development on “short-tail” wind risk is proving a common theme in Japanese and Florida negotiations. But the reinsurance buying culture in the two markets couldn’t be any more different.

1.4 Japan renewals analysis

Japanese wind covers price up 20-30% as reinsurers reassess risk

2019-03-22T21:33:00+00:00

Loss struck wind specific layers of excess-of-loss (XoL) covers bought by the Japanese “Big Three” carriers are seeing significant rate increases of 20-30 percent as reinsurers react to dramatic creep on Typhoon Jebi losses, The Insurer has learned.

US flood

Townsville flood claims total 25,778 as bill hits $742mn: ICA

2019-03-21T11:21:00+00:00

Insured losses emanating from the flood event which impacted the Australian city of Townsville earlier this year are estimated at A$1.04bn ($742mn), according to the Insurance Council of Australia (ICA).

US Flooding

Perils pegs Townsville flood losses at $677mn

2019-03-15T10:56:00+00:00

Loss aggregation firm Perils has pegged insured losses stemming from the flood event which impacted the city of Townsville earlier this year at AUD$957mn ($677mn).

Wind farm

China Re launches Lloyd’s renewable energy consortium

2019-03-11T12:41:00+00:00

State-back reinsurer China Re has launched a renewable energy reinsurance consortium at Lloyd’s which will focus on cover for the construction and operation of offshore wind farms in mainland China.

Swiss Ren – Beijing

Emerging markets to drive global insurance growth: Swiss Re

2019-03-07T11:37:00+00:00

Emerging market insurance premiums will more than double over the next 10 years, outpacing growth in advanced markets by four times, according to forecasts from Swiss Re.

Philip Corrigan - Lockton

Lockton swoops on JLT for APAC COO

2019-03-07T10:56:00+00:00

Lockton has hired former JLT Thailand CEO Philip Corrigan as regional chief operations officer for Asia-Pacific (APAC) as it looks to expand its business across the region.

Volume of- deals in Europe Jan 2019 – Dec 2018 i

Insurance M&A forecast to slow over H1 2019

2019-03-05T13:07:00+00:00

After a buoyant 2018 the pace of insurance M&A is set to slow in the first half of this year as political and economic uncertainty across multiple regions detracts investors, according to forecasts.

IAG Singapore

IAG launches first Singapore catastrophe bond A$75mn Orchard ILS Pte

2019-02-27T08:08:00+00:00

Sydney-headquartered Insurance Australia Group (IAG) has launched the first catastrophe bond issued out of Singapore with the A$75mn issuance of Orchard ILS Pte.

Japanese flag image

Big spread of rate hikes expected at Japan renewal: JMP

2019-02-26T22:10:00+00:00

The upcoming 1 April Japanese reinsurance renewal will see significant price increases on the back of 2018 cat losses that will vary hugely by type of cover and client, according to analysts from JMP Securities.