"We have hired Mike Andrews. We expect the raw details of...
Category:
Reinsurance
Latest
African lender weighs claiming Lloyd’s payout on Zambia debt
TDB — together with the African Export Import Bank — has found...
Swiss Re tackles longevity drug impact with life policy advice
Metformin, traditionally used to manage type 2 diabetes, and...
S&P Global raises reinsurance sector view to stable from negative on higher prices
Analysts at S&P Global and Moody’s also told media briefings on Tuesday that they expected rates to rise further in 2024, after reinsurers took the brunt of catastrophe losses in recent years S&P Global has raised its view of the global reinsurance sector to...
Tokio Marine Kiln appoints Joe Pickford as Aviation Underwriter
This appointment follows the continued development and expansion of TMK’s business in the Asia Pacific region, where it has operated since 2007. Other recent new hires include special risks underwriter, Cindy Gunawan, and cyber underwriter, Sam Bye Singapore: Tokio...
‘Market will have a negative view of GIC Re if clubbed with GIPSA’: GICOA
The reinsurer's CMD has communicated to the Department of Financial Services several times to keep GIC Re separate from GIPSA With about 500 employees GIC Re is making good profits. The attrition rate has increased nowadays owing to attractive pay packets offered by...
Hong Kong to be hit super typhoon Saola, biggest typhoon in 3 yrs
“This can be a very destructive typhoon,” the chief secretary said Thursday, flanked by heads of various government departments. “We hope to minimize the damage.” Hong Kong was starting to feel the impact of Super Typhoon Saola as winds reached hurricane force and...
Insight: Coal miners forced to save for a rainy day by insurance snub
Dozens of insurers have announced restrictions on their cover for the coal industry, particularly for new projects, in response to pressure from shareholders, governments and environmental groups who want to limit coal’s contribution to global warming. This follows...
Sompo International appoints Vicky Sarjeant as Head of Energy Insurance, Asia Pacific
Sompo International, a global provider of commercial and consumer property and casualty (re)insurance, has appointed Vicky Sarjeant as Head of Energy Insurance, Asia Pacific. She will be based in Singapore, and report to Paul O’Neill, President of Commercial Lines,...
Howden makes new appointments for Asia Pacific and India
Howden has appointed of Bozidar Ljubisavljevic as executive director, Marine, based in its Singapore office. He is taking on a new role in Singapore to strengthen Howden’s value proposition for the benefit of marine and logistics clients in Asia Pacific. The broker...
El Nino likely to develop between Sept and Nov, Australian weather bureau says
“Sea surface temperatures (SSTs) in the tropical Pacific are exceeding El Niño thresholds and have continued to warm slightly over the last fortnight,” the bureau said in a statement on its website.Climate models indicate further warming of the central to eastern...
Munich Re launches parametric driven NatCatcover for small borrowers in India
``We worked with the insurers and launched product that pays if the event happens and the trigger is met. This expedites the payout and the small borrowers receives money in real time of need. This addresses the bottom most section of the Pyramid,’’ said Hitesh Kotak,...
“Munich Re is committed to support Indian insurance industry, to bring in new products and solutions to the market’’
Growing its business fast, Munich Re, the largest global reinsurer,has emerged as one of the key Foreign Reinsurance Branche(FRB) in India. Hitesh Kotak, Chief Executive, India, Middle East and Africa, Munich Re,in an interview with Asia Insurance Post, outlines his...