News
Insurance
There is huge potential for the growth of extended warranty insurance in Asia, Dermot Reilly, principal officer for Hong Kong-based NexAssure Agency, told EAIC Today. 13 October 2016
Insurance
Building client trust is a key ingredient for success in Asia, Laurence Cheng, Peak Re’s head of underwriting, told EAIC Today. 13 October 2016
article
The question of whether the growing diversity of capital entering the risk transfer industry will ultimately end the traditionally cyclical nature of the industry was debated by senior industry executives at the annual Intelligent Insurer roundtable in Monte Carlo. 13 October 2016
Insurance
The Caribbean Catastrophe Risk Insurance Facility (CCRIF), a regional catastrophe fund for Caribbean governments to limit the financial impact of catastrophe events including hurricanes, is prepared to make additional pay-outs totalling almost $8 million to CCRIF member countries following the damage caused by Hurricane Matthew. 13 October 2016
Insurance
In May this year, Gen Re revealed that Kara Raiguel would replace Tad Montross at its helm, a move that triggered a phase of reassessment and change at the company. For Rainer Schuermann, Gen Re’s regional manager, P/C Treaty Asia, this can bring exciting opportunities to the region he is responsible for. 12 October 2016
Insurance
The unique set of forces driving Asian companies to acquire insurers and reinsurers with a global reach shows little sign of abating and will lead to more mergers & acquisitions (M&A) in the future, analysts have told EAIC Today. 12 October 2016
Insurance
As the Indian market opens up to foreign reinsurers, it can offer opportunities for long-term growth but also risks for reinsurers that are unprepared. Only players with technical expertise and a long-term plan will prosper, says Philip Chung, director at S&P Global Ratings. 12 October 2016
Insurance
Cyber risk, terrorism and D&O risks are high on the agenda for companies in Asia, Chin Feng, Hong Kong & Greater China CEO for Allianz, told EAIC Today. 12 October 2016
Insurance
Every reinsurer and broker will want to know how much reinsurance insurers are buying and whether this might increase. S&P Global Market Intelligence has ranked 25 of the biggest insurance groups in the region and detailed, where possible, their cession ratio. 12 October 2016
Insurance
M&A activity in Asia has boosted demand for financial lines insurance across the region, while the crackdown by many governments on corruption will also have an impact, Ralph Sherbahn, financial lines underwriting manager, Asia for XL Catlin, told EAIC Today. 12 October 2016
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