Winfried Heinen, Chairman of the Executive Board of Directors of General  Reinsurance AG,

``Market conditions are very tough in the Indian general reinsurance business''

Interviews       Jul 10, 2018

  Winfried Heinen, Chairman of the Executive Board of Directors of General  Reinsurance AG   Finally you have a direct branch operation in India. How do you see the journey so far?  Establishing a reinsurance branch is an important milestone for us. We firmly believe in the...

Lloyd' Chief Executive Officer, Dame Inga Beale

Lloyd’s CEO Inga Beale to leave in 2019

International News       Jun 29, 2018

  London: Lloyd’s today announced that Chief Executive Officer, Dame Inga Beale, will step down next year after leading the global insurance and reinsurance market for five years.   Inga joined Lloyd’s in January 2014. Since then, her commitment to transformation across the market, and within the...

Subhas Khuntia, Chairman, IRDAI

IRDA Board to meet on June 29 to clear new Reinsurace Regulations

Indian News       Jun 14, 2018

Hydearbad: The board of insurance regulator IRDAI is scheduled to meet on June 29 under the new chairman Subhas Khuntia to approve the much awaited revamped `Reinsurance Regulations.  Though, the new set of reinsurance regulation were expected to be finalised by April, it couldn’t be...

Lloyd's Syndicate Markel receives license for India operation

Indian News       Jun 11, 2018

  London: After MS Amlin, another syndicate of Lloyd’s of London, Markel International, a specialist insurer, has received a licence from the Insurance Regulatory and Development Authority of India (IRDAI) to undertake  reinsurance business in the country. The capacity will be provided by Markel’s Syndicate 3000...

Low single-digit reinsurance rate hike at June1 renewal, JLT Re

International News       Jun 01, 2018

  London: JLT Re, the world’s fourth largest reinsurance broker has said that study has shown that low single-digit reinsurance rate increases were recorded at the 1 June 2018 Florida property-catastrophe renewal, once again failing to meet early market expectations.   Buyers’ needs were adequately met at...

SoftBank’s talks for minority investment in Swiss Re fails

International News       May 28, 2018

  Zurich: Swiss Re and SoftBank Group Corp. ("SoftBank") have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re, said a press release by the Swiss Re on Monday.   In February 2018, Swiss Re announced it had entered into preliminary discussions...

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...

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