News
Insurance
Hannover Re has a “fairly strong appetite” for Asian business and it wants to participate in the region’s potential significant growth despite the high competition in the market, Michael Marx, managing director Asia-Pacific, told SIRC Today. 30 October 2018
Insurance
Cyber insurance penetration is low in Asia, but there is great opportunity to introduce cyber products at a local level and build them out from there, Jonathan Ranger, chief executive officer of Criterion Underwriting, told SIRC Today. 30 October 2018
Insurance
Ahead of SIRC, four experts from Aon’s Reinsurance Solutions covering four different regions sat down to discuss where they anticipate growth, and how their clients are coping with digitisation, and regulatory developments. 30 October 2018
Insurance
The key to unlocking Asia-Pacific is product expertise that responds to clients’ needs—as opposed to targeting growth in a specific region, says Stuart Beatty of RKH Specialty Asia. 30 October 2018
Insurance
Recent catastrophe events in Asia are likely to stabilise rates in the upcoming renewals and make any significant rate reductions unlikely, Soeren Soltysiak, chief underwriting officer, treaty, Asia Capital Reinsurance Group, told SIRC Today. 30 October 2018
Insurance
Chinese insurers are diversifying their business and product offering, which is set to lead to higher cessions to reinsurers, Brian Secrett, chief underwriting officer at Tokio Millennium Re (TMR), told SIRC Today. 30 October 2018
Insurance
Berlin-based artificial intelligence (AI) powered insurtech start-up omni:us has closed its Series A funding round and secured a total investment of $22.5 million. 30 October 2018
Insurance
Ensurance UK, a construction and engineering managing general agency (MGA) and Lloyd's coverholder, has appointed Tim Cramphorn as non-executive director. 30 October 2018
Alternative Risk Transfer
The insurance-linked securities (ILS) market is largely in a good place but the market must accept that there is nothing ‘alternative’ about ILS any more—it’s here to stay, and a part of the furniture, Mark Hvidsten, deputy chairman at Willis Re, told PCI Today. 30 October 2018
Insurance
While China and India promise great growth potential, profitable business for reinsurers is hard to come by—the key is to offer cedants added value and additional services, Jean-Paul Conoscente, CEO of SCOR’s P&C reinsurance business unit globally, told SIRC Today. 29 October 2018
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