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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
News
Brokers and reinsurers must both find ways to differentiate themselves in what remains a congested market in Asia where an ample supply of reinsurance capital continues to exert downward pressure on pricing, James Beedle, senior managing director, Willis Re Asia, told SIRC Today. 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 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
Property and casualty insurer ACE Group has expanded its political risk and credit division to Japan. 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
Peak Re’s recent expansion into the European market by opening an office in Zurich will not mean it will ignore either its roots in Asia or opportunities in other parts of the world, Franz Hahn, chief executive of Peak Re, told SIRC Today. 2 November 2015
Insurance
Many of the recent regulatory changes in Asia are creating more constraints than opportunities for reinsurers in the short term, Victor Peignet, chief executive officer of SCOR Global P&C, told SIRC Today. 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
Tokio Marine Kiln (TMK) and Lloyd’s have signed a memorandum of understanding (MoU) with the PICC Property and Catastrophe Company (PICC P&C) to provide intellectual property (IP) infringement liability insurance in China. 2 November 2015
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