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Alternative Risk Transfer
Korean Re has unveiled an ambitious and wide-ranging vision that would see it become one of the world’s top three reinsurers. 29 January 2014
Insurance
ACE Group has appointed Anthony O'Brien as head of marine insurance in Asia Pacific. He will be based in Hong Kong and will report to Paul McNamee, deputy regional president and regional head of property & casualty for Asia Pacific. 24 January 2014
Alternative Risk Transfer
The insurance industry appears to be close to establishing a solution, likely to use a structure similar to that used in insurance-linked securities (ILS), which would mean much better insurance coverage for the Philippines. 22 January 2014
article
Markel International, the specialist insurer, has promoted Li Shengnan to head the offshore energy team in Singapore. In a new appointment, Kelvin Lee also becomes assistant manager, finance and operations. 20 January 2014
Insurance
Cooper Gay (Australia) has launched a new wholesale division for the Australian insurance market. 17 January 2014
Insurance
Re/insurers faced natural catastrophe losses of $45 billion in 2013 – 22 percent lower than the ten-year average of $58 billion and the lowest total since 2009, according to Aon Benfield’s Impact Forecasting. 14 January 2014
Insurance
ACE will acquire a 60.9 percent stake in Siam Commercial Samaggi Insurance, a general insurance company in Thailand, from Siam Commercial Bank. 13 January 2014
Insurance
Nationale Suisse’s new Singapore branch has received a licence allowing it to insure risks directly and to offer facultative reinsurance in Singapore and other Asian markets. 10 January 2014
Alternative Risk Transfer
QBE Insurance Group has completed a $250 million cat bond which is the first such deal to cover Australian perils for a primary insurance company on an indemnity basis. 8 January 2014
Insurance
Bermuda-based re/insurer Catlin, has formed a Singapore branch of Catlin Insurance Company. The branch, effective January 1, 2014, will be managed by Catlin Singapore Pte, Catlin’s current Singapore-based underwriting operation, and will write specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region. 7 January 2014
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