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Insurance
The marine market in Asia remains ultra-competitive as insurers continue to invest in targeting growth in the region, Mike Davies, chief underwriting officer, marine, Asia-Pacific for XL Catlin, told EAIC Today. 11 October 2016
Insurance
The Chinese reinsurance market is tipped for long-term growth but there will be little change in the short term despite the number of startups in the market this year, says Eunice Tan, director at S&P Global Ratings. 11 October 2016
Insurance
Reinsurers’ underwriting performance declined in the first half of 2016 due to higher natural catastrophe losses – and the negative trend is set to continue into 2017, according to Fitch Ratings. 10 October 2016
Insurance
NN Group's takeover approach to Delta Lloyd reinforces Fitch Ratings' expectation that M&A insurance activity in Europe will accelerate, as well-capitalised firms seek growth through acquisition of rivals hit harder by Solvency II. 7 October 2016
Insurance
Hurricane Matthew will represent a real test of reinsurers’ exposures and resilience as it has the potential to erode some of the global reinsurance sector's excess capital, according to a report by S&P Global Market Intelligence. 7 October 2016
Insurance
Some 15 catastrophe bonds could be triggered by Hurricane Matthew if it causes substantial losses in Florida, according to S&P Global Ratings. 7 October 2016
Insurance
The financial strength rating of Sompo Japan Nipponkoa following its planned acquisition of Endurance Specialty Holdings looks stable, according to both S&P Global Ratings and Fitch Ratings. 6 October 2016
Insurance
Impact Forecasting, the catastrophe model development team of Aon Benfield, has enabled Unica Insurance to offer new flood insurance coverage from a catastrophe model created following the widespread flooding in Canada in 2013. 6 October 2016
Insurance
The reinsurance markets in the Middle East and North Africa are expected to harden over the next 12 months as a result of a series of major insured losses which affected the region in the past year and the subsequent retrenchment of some leading market participants. 6 October 2016
Insurance
The financial strength ratings (FSR) of Asia Capital Re have been placed under review with developing implications by AM Best and on CreditWatch with negative implications by S&P Global Ratings. 6 October 2016
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