Here’s your daily Reinsurance News for Tuesday 27th December 2016:
If tested re/insurance fundamentals could deteriorate: A.M. Best
The potential for risk accumulation has never been greater for insurers and reinsurers, and with market pressures expected to persist, A.M. Best warns that industry fundamentals could start to weaken.
IRDAI approves India market access for five global reinsurers
The Insurance Regulatory and Development Authority of India (IRDAI) has approved five global leading reinsurance firms to launch their branch operations there.
Fairfax to launch African Subsidiary
Insurer and reinsurer Fairfax Financial has announced that it plans to launch a public company in Africa, with reports that the firm will look to raise $1 billion from an IPO.
ILS NYC 2017 conference – Feb 3rd, New York
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.
More global reinsurers looking to establish Indian presence
According to reports from the region as many as four more global reinsurance companies are looking to establish a presence in India.
A.M. Best revises outlooks to negative for Kenya Re
Ratings agency A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ of Kenya Reinsurance Corporation Limited.
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