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The need for specialty lines products is growing across Asia but buyers are becoming increasingly discerning about the reinsurers they want to work with on such products. 3 November 2014
Insurance
Indonesia’s new comprehensive insurance law, which took effect on October 23, adds some restrictions to foreign investment in the sector, but is unlikely to discourage future M&A activity involving international insurers, believes Fitch Ratings. 3 November 2014
Insurance
Re/insurance service provider, Pro Global Insurance Solutions, has appointed Mory Katz to the role of managing director US. 3 November 2014
News
Challenges for reinsurers in Asia include changes in exposure, in perils, in terms and conditions and in regulations, according to John Tan, group chief executive for ACR Capital Holdings. 3 November 2014
News
Tokio Millennium Re (TMR) is planning a further expansion of its presence in the Asian markets to capitalise on the “enormous potential” of the region, Stephan Ruoff, currently deputy CEO and chief underwriting officer of TMR, who will take the reins of the business next April as CEO, told EAIC Today. 3 November 2014
Insurance
US insurer MetLife Insurance has partnered with Steadfast, the largest network of general insurance brokers in Australasia, to extend MetLife’s group life cover. 3 November 2014
Insurance
Asian insurers’ credit profiles are stable, despite the persistence of a low interest rate environment, in view of enhanced profitability and still strong premium sales, Moody’s Investors Service has said. 3 November 2014
Insurance
Insurer Aviva has posted strong results for the third quarter of 2014, as new business rose 10 percent in the first nine months of 2014. 2 November 2014
Insurance
Insurance development in East Asia is not homogeneous as is the case in some other markets such as West Europe or North America, and this is reflected by the theme of the 27th East Asia Insurance Congress (EAIC) in Taipei, two members of the congress’ organisational committee told EAIC Today. 2 November 2014
News
Reinsurers have lost sight of how exposures have grown and have too quickly forgotten the big losses that hit the region just three years ago, Pietro Toffanello, head of property-casualty business in Asia Pacific for Gen Re, told EAIC Today. 2 November 2014
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