News
Insurance
Fitch Ratings has upgraded Reasuransi Indonesia Utama (Persero)'s (Indonesia Re) international Insurer Financial Strength (IFS) Rating to 'BBB-' (Good) from 'BB+' (Moderately Weak). Fitch Ratings Indonesia has also affirmed the company's National IFS Rating of 'AA (idn)'. 3 October 2018
Alternative Risk Transfer
The first quarter of 2018 was the strongest quarter in terms of insurance-linked securities (ILS) issuance since 2009 despite significant catastrophe losses in 2017 from hurricanes Harvey, Irma and Maria, according to the September edition of the Bermuda ILS Market Report. 3 October 2018
Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has allowed state-run General Insurance Corporation (GIC) to retain the first right to offer reinsurance in India, BloombergQuint reported citing two people present at the firm’s recent board meeting. 1 October 2018
Insurance
Africa’s reinsurance and brokerage executives predict rising rates and profitability on the back of rebounding markets and a resurgent economy, according to the third edition of the Africa Reinsurance Pulse report. 1 October 2018
Insurance
China's securities regulator has approved the initial public offering (IPO) application by Chinese insurance giant People's Insurance Company (Group) of China Limited (PICC), according to state-run press agency Xinhua. 1 October 2018
Insurance
Typhoon Trami left almost 400,000 households without power, brought down trees onto railroad tracks and kicked up debris across Tokyo as it brushed past the Japanese capital early on Monday, Oct. 1, Reuters reported. 1 October 2018
Insurance
Cayman Islands-based specialist property/casualty reinsurer Greenlight Capital Re has made a strategic investment in blockchain business Galileo Platforms. 1 October 2018
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Siobhan O’Brien to lead its international cyber strategy, innovation and product development in a newly created role. 1 October 2018
Alternative Risk Transfer
Tom Johansmeyer of PCS, Verisk Insurance Solutions, reviews 2017’s cyber losses and assesses where the momentum is—and examines why the ILS market should be taking note. 28 September 2018
Alternative Risk Transfer
The global ILS market is looking increasingly healthy, as a wide range of industry experts told Intelligent ILS at this year’s Monte Carlo Rendez-vous. 28 September 2018
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