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Insurance
PERILS, the European aggregator of catastrophe insurance data, is preparing to set out a new suite of products and take its offering into new markets, including Asia. 1 November 2015
Insurance
The economic outlook for China and recent events such as the explosions in the port of Tianjin and the cyclones and hurricanes in the Philippines, Mexico and the US, will be some of the main talking points at the Singapore International Reinsurance Conference, Billy Bennett, insurance leader, PwC Singapore, told SIRC Today. 1 November 2015
Insurance
As some of China’s re/insurers find their feet and settle on a reinsurance strategy Shanghai could develop as another reinsurance hub in Asia over the next few years, just as Singapore has, Moungmo Lee, managing director, analytics, AM Best, told SIRC Today. 1 November 2015
News
The introduction of risk-based capital (RBC) regulatory regimes by regulators across Asia will accelerate the development of insurance markets in the region and drive demand for reinsurance as insurers change the way they manage their capital, Kenrick Law, regional chief executive, Allianz Reinsurance Branch Asia Pacific, told SIRC Today. 1 November 2015
Insurance
The move by the Monetary Authority of Singapore to allow Lloyd’s service companies in Singapore to delegate authority to third parties represents a game changer for Lloyd’s in Asia and will enable significant growth, Kent Chaplin, Lloyd’s head of Asia-Pacific, told SIRC Today. 1 November 2015
Insurance
Climate change is real and has catastrophic implications if not managed and prepared for. The re/insurance industry must collaborate with all other parties to get a grip on the consequences of global warming, says K Sanath Kumar, acting chairman-cum-managing director, GIC Re. 30 October 2015
Insurance
The Singapore International Reinsurance Conference (SIRC) was launched in 1991 to fill the gap between the biennial meetings of the East Asian Insurance Congress (EAIC). Its stated aim was to give insurance professionals a forum to meet and discuss issues of the day, while taking stock of developments in the reinsurance market; and starting preparations for the following year’s treaty renewals. 30 October 2015
News
Asia Capital Re has estimated its net loss relating to the 12 August explosion in the port of Tianjin, China, to be approximately $26 million. 30 October 2015
Insurance
Tokio Marine Kiln 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. 30 October 2015
Insurance
The acquisition of US-based HCC Insurance Holdings by Tokio Marine Holdings has been completed. 29 October 2015
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