Asian reinsurance broking group PWS Labuan, has said it is to expand its broker and consultant team to enhance its services and product offering across the region.
The growing Middle East reinsurance market has a new underwriter with the announcement by one of the region’s leading reinsurers that it is to form a joint venture with Lloyd’s group Hardy Underwriting.
Hannover Re has underwritten the first ever capital markets transaction to cover facultative risks as part of its extended Insurance-Linked Securities (ILS) activities.
Swiss Re and China Re are to offer a catastrophe risk programme to cover Beijing’s agricultural insurance scheme – the first of its kind in the country.
While the fears that the available reinsurance capacity would dry up long before the end of the year have been proved unfounded, marine and energy insurers are still at odds with reinsurers over the cost of cover says a leading broker.
Broker Miller Insurance Services Limited (Miller) has launched a facultative reinsurance operation in Singapore as it announced the recruitment of four senior members to add to their existing reinsurance practices in Asia and London all recruited from rival Benfield.
The largest privately-owned insurance operation in the Lloyd’s market Canopius Managing Agents Limited (Canopius), has announced it is to broaden its entry into ther consttuction and engineering sectors recruiting a leading market experts to spearhead the move.
Global reinsurers have remained disciplined at the pivotal July 1 renewals as with the exception of specific Asian coverages rates have continued to rise across the board and in particular those exposed to US catastrophe risks.
The Queensland government is to start a process of looking to find a reinsurance partner in the wake of the floods and cyclone strength winds which left parts of the Australian state devastated.
A lack of major cat losses in the United States and the global surfeit of capacity make the world’s biggest reinsurance market a difficult place in which to do business but what will it take to turn?
US healthcare underwriter Aetna has entered into a three-year reinsurance agreement with Vitality Re Limited as it seeks to free up capital for its core business.
Plans for the city of Shanghai to launch a reinsurance exchange have moved a significant step closer after it was revealed the city had applied to China’s central government for approval for the scheme.
The ambitious plans for a facility to deliver enhanced liability limits for deepwater drilling announced in Monte Carlo in September are set to move a step closer with more detailed proposals to be announced in the coming weeks.
Catastrophe modeling firm AIR Worldwide (AIR) used RIMS at the platform for the launch of the latest in its Catastrophe Risk Engineering (CRE) solutions with a new product for industrial and renewable energy facilities worldwide.
European Insurance group Ageas has entered into an agreement to transfer all of the run-off business of Intreinco N.V. (Intreinco), the former reinsurance captive of the Fortis Group, to Swiss Re.
Excess capacity has continued to squeeze rates in the facultative market over the last quarter of 2010 with every likelihood that the pressure will continue into the New Year according to Aon Benfield.
Berkshire Hathaway subsidiary Gen Re has rolled out a range of new enhancements to Gen Re Connect, its proprietary, fully customisable web application for placing property, casualty and marine facultative reinsurance.
/Capture2.JPG)
Most Commented