Articles

Insurance

Malaysia constructs first run-off rules for AXA LM to complete Munich Re deal

On October 1, 2019, AXA Liabilities Managers (LM) completed its acquisition of the Munich Re non-life run-off portfolio in Malaysia.   29 October 2019

Insurance

Identifying attractive buyers based on performance

Reinsurers may think they know what the perfect client looks like but they might not always be correct. Stuart Shipperlee, managing director of Litmus Analysis, explains the perspective offered by the results of the consultancy’s analysis of Asia-Pacific cedants.   29 October 2019

Insurance

MGA Nexus Asia expands business lines on offer and expects to be “largest MGA in the region” within two years, says CEO Egerton

Nexus Asia expects to be the largest managing general agency (MGA) in Asia by gross written premium, as well as commission income and earnings before interest, tax, depreciation and amortisation, in the next 12 months to two years.   29 October 2019

Insurance

Markel to focus on recruitment in Asia in response to 35% rise in premiums in 2019

Markel is expanding and as a result is recruiting underwriters in Hong Kong, Mumbai, Shanghai and Singapore, following a strong performance in Asia in 2019.   29 October 2019

Insurance

AM Best affirms credit ratings for Singapore Re

Global credit ratings agency AM Best has affirmed the Financial Strength Rating of ‘A-’ (Excellent) and the Long-Term Issuer Credit Rating of ‘A-’ of Singapore Reinsurance (Singapore Re). The outlook of these credit ratings is stable.   29 October 2019

Insurance

Impact of climate change on re/insurance debated at 16th SIRC

The words of climate activist Greta Thunberg were quoted at the start of the 16th Singapore International Reinsurance Conference (SIRC) yesterday by Sivam Subramaniam, chair of the 16th SIRC organising committee.   29 October 2019

Insurance

Beazley builds US commercial property capability

Specialist insurer Beazley has appointed Matthew Westhoff as head of US large commercial property based in New York.   29 October 2019

Insurance

California wildfires are ‘new normal’: AM Best

California wildfires have hit the headlines, but the problem so far in 2019 is less than in previous years, and the bigger insurance companies operating in California should have adequate resources to cope, according to ratings agency AM Best.   29 October 2019

Insurance

Risk & insurance revenue tops $2 billion at Marsh

Marsh & McLellan’s third-quarter revenue topped $2.2 billion at its risk & insurance division, with strong growth at Guy Carpenter among the highlights.   29 October 2019

Insurance

Ascot appoints Patrick Kenahan as head of excess casualty in Bermuda

Ascot has appointed Patrick Kenahan as head of excess casualty in Bermuda; and Jason Pugi, Kimberley Pursell and Michael Watkins, as senior vice presidents.   29 October 2019

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