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Insurance
Tropical cyclones in September have cost the global economy over $4 billion dollars, according to Impact Forecasting’s Global Catastrophe Recap report.   7 October 2016
Insurance
Risk exposures in emerging markets in Asia are growing faster than insurance penetration and the insurance protection gap is therefore widening, according to a Peak Re report.   7 October 2016
Insurance
The financial strength rating of Sompo Japan Nipponkoa following its planned acquisition of Endurance Specialty Holdings looks stable, according to both S&P Global Ratings and Fitch Ratings.   6 October 2016
Insurance
After battering Japan’s Okinawa Prefecture with high winds and heavy rain on October 3, Typhoon Chaba moved north and east to Jeju Island and the southern coast of South Korea, according to catastrophe modeling firm AIR Worldwide.   6 October 2016
Insurance
The financial strength ratings (FSR) of Asia Capital Re have been placed under review with developing implications by AM Best and on CreditWatch with negative implications by S&P Global Ratings.   6 October 2016
Insurance
A desire to access to the US market was a big driver behind Sompo’s acquisition of Bermuda-based Endurance Speciality and further deals could be in the pipeline as the Japanese insurer aims to become one of the ten biggest corporations globally.   5 October 2016
Insurance
Two investment corporations owned by the Chinese state will acquire ACR Capital Holdings, the holding company of Asia Capital Re, as they look to increase their investments in the reinsurance industry and also developing Shenzhen Qianhai into a regional reinsurance hub.   5 October 2016
Insurance
John Charman, the chief executive of Endurance, has stated the company’s acquisition by Sompo Holdings represents a critical move for the company to achieve the scale it needs to remain relevant and also said he had previously signalled he wanted to partner with a strong Asian partner.   5 October 2016
Insurance
Sompo Holdings has confirmed that it has entered into a definitive agreement for the acquisition of 100 percent of the outstanding ordinary shares of Endurance Specialty Holdings, in a deal that could be finalised by March 2017.   5 October 2016
Insurance
Qatar Re has been granted a license to operate a branch office in Singapore by the Monetary Authority of Singapore (MAS).   4 October 2016

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