Reinsurance

Alice Vaidyan, CMD, GIC Re

GIC Re's record prm at Rs 41,800 cr,logs a net profit of Rs 3,234 cr in 2017-18, declares 1:1 bonus

Indian News       May 25, 2018

  Mumbai: With a record premium income of Rs 41,799.37 crore, up 24.5 per cent, the state-run GIC Re has posted a net profit of Rs 3,233.59 crore, up  three per cent, in 2017-18.   The Indian insurer, that got listed recently in the Indian bourses with...

Swiss Re CFO says SoftBank talks still on but no clear sign of deal

International News       May 04, 2018

FRANKFURT: Swiss Re on Friday said it was still in discussions with SoftBank (9984.T) about the Japanese group potentially taking a stake in the reinsurer but that a deal was not a sure thing.   “We continue to be in discussions with SoftBank,” John Dacey, Swiss...

Cat Bond issuance reaches record in Jan-Mar Qtr

International News       Apr 26, 2018

  Chicago: The catastrophe bond issuance during Q1 stood at USD3.58 billion across 10 transactions – a new record for first quarter issuance that easily surpassed the 2016 and 2017 issuance volumes of approximately USD2.2 billion.   Aon Securities forecasts around USD9bn in catastrophe bond issuance for...

Denis Kessler, Chairman & Chief Executive Officer, SCOR,

SCOR's  net income at EUR 166 million, up 18.6 % in Q1 2018

International News       Apr 26, 2018

  Paris: The French reinsurance major SCOR  has delivered a strong start to 2018 by combining profitable franchise expansion, robust earnings and a strong solvency position in the first quarter 2018.   The group's net income reached EUR 166 million in Q1 2018, an increase of 18.6...

Reinsurer capacity remains stable despite 2017 catastrophe loss activity: Willis Re

International News       Apr 23, 2018

HONG KONG: 2017 saw a mixed picture for the 34 reinsurance companies tracked in the Willis Reinsurance Index, according to the latest reinsurance market report from Willis Re.Shareholders’ equity in 34 reinsurance companies tracked in the Willis Reinsurance was up 7.8% to USD 371 billion...

Global reinsurer capital up 2 pc to USD605 billion at December 31,2017

International News       Apr 16, 2018

  Chicago: Aon Benfield estimates that global reinsurer capital stood at USD605 billion at December 31, 2017, an increase of 2 percent relative to the end of 2016.    This calculation is a broad measure of the capital available for insurers to trade risk with.Traditional capital rose...

SoftBank‘s stakes in Swiss Re  expected not to exceed 10 pc

International News       Apr 04, 2018

Zurich: In February 2018, Swiss Re announced it had entered into preliminary discussions with SoftBank Group Corp. regarding a potential partnership and minority investment.   Today, Swiss Re confirmed that negotiations are still ongoing in respect of a minority investment by SoftBank in Swiss Re, currently...

ONGC renewal cost falls 12 pc to USD 12.9 mn, GIC Re leads the reinsurance deal in 2018-19

Indian News       Apr 03, 2018

Mumbai: For 2017-18, a clutch of reinsurers and insurers led by the state owned GIC Re, have renewed the insurance cover of the ONGC(Oil & Natural Gas Corporation),the largest offshore exploration and production company in India with USD 40 billion assets, with almost 13  per...

Laurent Rousseau to become Deputy CEO of SCOR Global P&C

International News       Mar 29, 2018

Paris: The French reinsurer SCOR announced that Laurent Rousseau will become Deputy CEO of SCOR Global P&C and will join the Group's Executive Committee effective April 1, 2018. In his new role, he will also become Chief Underwriting Officer for Specialty Lines and Business Solutions....

Masayoshi Son,CEO of Japanese telecommunications corporation SoftBank,

SoftBank said to near deal for $9.6b stake in Swiss Re 

International News       Mar 29, 2018

  SoftBank Group Corp. is edging closer to a deal to buy a stake in Swiss Re AG that would value the reinsurer at as much as 37 billion Swiss francs ($39 billion), according to people with knowledge of the matter.   Billionaire Masayoshi Son’s SoftBank is...

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