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In what is a fairly volatile re/insurance landscape in Asia, international reinsurers should look to share their expertise and experience to help local players understand the benefits of dispersing risk, Richard Chu, senior underwriter credit & surety, Asia Pacific, PartnerRe, told SIRC Today. 2 November 2015
Insurance
The Islamic countries of South-East Asia represent a rich potential area of growth for insurers, especially those able to offer Sharia-compliant products, Richard Bishop, chief executive officer of Cobalt Underwriting, told SIRC Today. 2 November 2015
Insurance
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has appointed Yan Jun as marine underwriting manager of ArgoGlobal’s underwriting division, Lloyd’s China. 2 November 2015
News
John Tan, group chief executive of ACR Capital Holdings, has retired from his executive positions in the company due to medical advice. 2 November 2015
Insurance
As Chinese insurers look to branch out it will impact the re/insurance landscape across Asia, says Malcolm Steingold, chief executive officer, Aon Benfield Asia Pacific. 2 November 2015
Insurance
Although rates remain almost universally soft, a sense of cautious optimism is entering the market with some chief executives forecasting a “soft landing” in 2016 where declines are not as severe as anticipated and not as steep as they were in 2014 and 2015, says Dennis Sugrue, director, insurance ratings at Standard & Poor’s Ratings Services (S&P). 2 November 2015
Insurance
The challenges and opportunities presented by new risks will be the most featured talking point at the Singapore International Reinsurance Conference (SIRC) this year, according to an online poll of Intelligent Insurer readers in Asia, many of whom are attending the conference. 2 November 2015
Insurance
The explosion and subsequent blaze that hit the chemical storage facility in the port of Tianjin, China, in August, seems destined to be a big talking point at SIRC this week as re/insurers continue to grapple with the potential scale of the loses from the disaster. 2 November 2015
News
Impact Forecasting, Aon Benfield’s catastrophe model development team, is launching new catastrophe models for Malaysia and Jakarta flood at the Singapore International Reinsurance Conference this week. 2 November 2015
News
AM Best has upgraded the issuer credit rating of Asian Re to bb+ from bb and affirmed its financial strength rating of B (Fair). The outlook for both ratings is also now positive. 2 November 2015
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