Here’s your daily Reinsurance News for Thursday 5th January 2017:
According to reinsurance giant Munich Re, insured natural catastrophe losses during 2016 totalled $50 billion, the highest of the last four years.
Insurance brokers in India are calling for the reinsurance preference rules outlined by the IRDAI to be re-thought, and will meet with CEOs and CMDs of general insurers this week.
Swiss Re Corporate Solutions has announced the appointment of Falk Schmaler as its new Head of Middle East and North Africa (MENA).
Florida domestic insurers saw their combined ratios increase by roughly 13% on average in the third-quarter, following the impacts of rate declines and attritional non-catastrophe weather losses, which suggests a need for greater reinsurance protection.
Global specialty insurer and reinsurer, The Navigators Group, has appointed a new leadership team for Asia, announcing three senior hires from Chubb.
According to reports insurance company AXA lost roughly $85.6 million from the sale of its UK insurance broker Bluefin Insurance Group.
The Lloyd’s Market Association (LMA) recently published a new guide on catastrophe risk models, in an effort to bring more clarity to the issue.
The General Manager of the Mediterranean & Gulf Insurance & Reinsurance Company (MEDGULF), Shadi Al Mahameed, has said that within the next three years the firm will be an all-line re/insurer.
Mitsui Sumitomo Marine Management has now licensed the RMS Exposure Manager in an effort to improve its risk accumulation management.
As the number of foreign reinsurers entering, or seeking to enter the Indian market continues to rise, the region has the potential to emerge as a global reinsurance hub.
The Singapore division of Great American Insurance Company has appointed Choi Moon Kee as Director, Marine & Client Relationship Management. He joins the firm from insurer ACE.
An extension notice for the Gator Re catastrophe bond has been filed, suggesting a partial repayment event and retention of $35 million.
A recent report from the National Disaster Risk Reduction and Management Council of Philippines claims that typhoon Nina caused roughly $105 million of damages to infrastructure and agriculture.
A thoughtfully curated annual insurance-linked securities event in New York City from Artemis. Featuring ILS & reinsurance industry leaders speaking on forward-thinking, engaging topics.
The Chinese insurance regulator, the CIRC, is looking to implement a set of new, tighter regulations to improve governance in the country’s insurance industry.
According to the latest catastrophe bond report from PCS, the use of PCS data issuance in 2016 increased, reaching $3 billion from eleven transactions.
Reports from the region claim that mobile wallet companies lack adequate cyber insurance protection as they look to scale and increase penetration of their services across India.
Fairfax Financial Holdings Limited has announced that it has declared a dividend of $10 per share on its outstanding multiple voting and subordinate voting shares.
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