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PERILS works with Singapore to improve loss data
Insurance
The quality of data in Asia-Pacific is gradually improving although this varies from market to market, and there is still some way to go, Darryl Pidcock, head of PERILS Asia-Pacific, told SIRC Today.   29 October 2018
Overcapacity driven by success
Alternative Risk Transfer
There is an oversupply of capacity in the Asia-Pacific region, which is driven in part by the success of Singapore as a regional reinsurance hub, according to Nick Orton, senior international treaty underwriter at Hiscox Re & ILS.   29 October 2018
Insurance
ProAssurance’s consolidated combined ratio for Q3 is 103.6 percent, a two-percentage point increase quarter-over-quarter. The company said this was primarily due to changes in the mix of premiums earned and a lower amount of prior accident year favourable development due to its perception of loss trends in the healthcare professional liability market.   7 November 2019
Insurance
A recovery of the US excess and surplus (E&S) lines insurance market is benefitting US property & casualty (P/C) insurance companies, according to a Fitch Ratings report.   14 September 2018
Insurance
Specialty insurer Markel has reported on Oct. 25 that it made a net loss of $259.1 million in the third quarter of 2017 attributable to shareholders.   26 October 2017
Insurance
AXIS has revealed the timeline for it to complete its acquisition of Novae following consultation with the European Commission and other regulators.   26 September 2017
Insurance
Bermuda-based Fidelis Insurance Holdings has revealed plans to establish a re/insurer in Ireland, which it said will allow it to take advantage of opportunities in the European Economic Area.   23 October 2018
Insurance
Broker Gallagher has bolstered its Manchester-based team with two experienced specialists from Marsh to build out its footprint in the north of the UK.   26 July 2018
Insurance
The growth in the use of insurance for mergers and acquisitions (M&A) has created greater opportunity and cost-savings for all stakeholders. According to Aon’s M&A and Transaction Solutions: Risk in Review report released ahead of Baden-Baden, M&A insurance has changed the way deal professionals distribute risk and how insurers view the risk.   22 October 2018
Insurance
MassMutual International has completed its sale of 85.1 percent of MassMutual Japan - its wholly-owned life insurance and wealth management affiliate - to Osaka-based mutual life insurer Nippon Life.   1 June 2018

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