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Alternative Risk Transfer
Risk modelling firm RMS has opened a new office in Sydney, Australia. The company said the move is part of its drive to support clients’ expansion in the Australian and New Zealand markets. 31 October 2017
Insurance
Intense competition in Asia-Pacific means any improvement on rates is hard to achieve. These are among the conclusions of a new report, Asia-Pacific Reinsurers Should Increase Rates, But Will They? some of which are summarised here by Philip Chung of S&P Global Ratings. 31 October 2017
Insurance
Flaspöhler, part of NMG Consulting, conducts an annual, global survey of brokers and insurance executives designed to illustrate reinsurers’ competitive positioning and respondents’ main concerns in a rapidly changing industry. Here, we reveal the top challenges insurance executives across Asia-Pacific revealed. 31 October 2017
Insurance
Liberty Mutual Insurance unit Liberty Specialty Markets (LSM) on Oct. 31 appointed Jennie Beard to the new role of senior underwriter war and terrorism. 31 October 2017
Insurance
Bermuda-based run-off firm Catalina Holdings said on Oct. 31 that its wholly owned subsidiary Alea North America Insurance agreed to take over a portfolio of legacy US insurance liabilities in run-off from Samsung Fire and Marine Insurance US branch. 31 October 2017
Insurance
Bermuda-based Everest Re reported a net loss of $639.4 million for the third quarter of 2017. 31 October 2017
Insurance
Commercial insurer RSA has appointed Jeroen den Tex as commercial director, Europe, responsible for developing the sales, marketing and distribution strategy across RSA’s five European operations, Nordic Hull and the Dubai International Financial Centre (DIFC). 31 October 2017
Insurance
Bermuda-based Qatar Reinsurance Company (Qatar Re) said on Oct. 31 that it appointed Manik Sethi as CEO of its Singapore branch. 31 October 2017
Insurance
Peak Re’s licence to establish a branch in Labuan, Malaysia, to write general insurance business in Malaysia has come “at just the right time”, Jasmine Miow, director of South Asia, SEA and MENA markets at Peak Re, told SIRC Today. 30 October 2017
Insurance
The China Risk Oriented Solvency System (C-ROSS) is driving the primary insurance market to seek more sophisticated reinsurance protection and is changing reinsurance purchasing patterns. 30 October 2017
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