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Although Munich Re issued a profit warning in September as a result of the Fall nat cat events in Mexico and the US, it is still not ready to release figures for the losses. Hermann Pohlchristoph, a member of Munich Re’s Board of Management, said in a press briefing at Baden-Baden that the company was reluctant to be the first to release such figures. 24 October 2017
News
Indian reinsurer GIC Re, in collaboration with the Federation of Afro Asian Insurers and Reinsurers (FAIR), has launched a catastrophe reinsurance pool that will help insurers reinsure natural catastrophe exposures in the Afro Asian region. 23 September 2013
Insurance
The Bahrain insurance market grew by 5 percent during 2014, compared with 2013, with gross premiums/contributions registering BD270.76 million (£473.16 million) in 2014, according to the Central Bank of Bahrain (CBB). 11 December 2015
Insurance
Steve Bowen, director at Impact Forecasting, Aon Benfield’s catastrophe model development team, has said that this April is the costliest for five years in terms of economic and insured losses for natural disasters. 6 May 2016
News
The unholy alliance of reducing primary rates and broadening coverage combined with weaker reinsurance terms is taking its toll on the casualty reinsurance market. 5 November 2015
Insurance
Sirius International has recruited Chris Darbon to join its contingency team at the London underwriting centre. 1 July 2014
Insurance
Insurers worry that the introduction of self-driving cars will shrink auto insurance premiums, but these decreases may be offset by an annual $15 billion additional business from new insurance product lines centred upon autonomous vehicles, according to a US study by Accenture. 19 May 2017
Insurance
AXA’s business mix will fundamentally change once its acquisition of XL Group is completed. Property/casualty (P&C) business will represent half its book of business as it diversifies away from being mainly a life & savings insurer. 5 March 2018
Insurance
The private health insurance market in China is expected to surge fivefold to Rmb1.1 trillion by 2020 ($167 billion) from Rmb 241 billion in 2015, according to a report by The Boston Consulting Group (BCG) and Munich Re. 24 August 2016
Insurance
The mortgage reinsurance markets have continued to develop and mature to the extent this product now represents a mainstream line of business for the growing number of reinsurers operating in the space, Joe Monaghan, leader of Aon Benfield’s US credit & guaranty, and government practice, told PCI Today. 16 October 2017
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