Insurance
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Insurers must support energy clients through tough market says risk manager
A risk manager at a leading oil and gas drilling company has called on insurers to stand by their clients…
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Corporate round-up
FM Global creates dedicated cyber risk and underwriting units, Atradius acquires risk info specialist Graydon, Chubb expands cyber risk engineering…
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Insurable losses from Louisiana floods up to €11bn: AIR
AIR Worldwide estimates that insurable losses from the Louisiana floods in August will range between $8.5bn and $11bn.
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Reinsurance growth in Asia-Pacific flat as reinsurers focus on profit
The insurance industry continues to grow impressively in the Asia-Pacific region, especially when compared with the mature markets of Europe…
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Asia Capital Re close to $1bn sale to Shenzen Qianhai
Shenzhenqianhai Financial Holdings is reportedly close to acquiring Singapore-based Asia Capital Re (ACR) for $1bn in an all-cash deal, according…
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Captives set to flourish as part of China’s insurance growth plan
Captives and mutuals are set to flourish in China as a result of ambitious growth targets set by the authorities.…
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Captives and benefits on the agenda for China’s risk managers
There is a growing recognition among local risk managers of the benefits that captives could provide to Chinese companies. According…
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Swiss Re given licence to offer general insurance in Hong Kong
Corporate risk managers in Hong Kong will have one more insurer to enter into their beauty parades following the news…
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Regulatory reforms to boost demand for local reinsurance—Fitch
Asia’s reinsurance market could be set for revolutionary change, thanks to a series of regulatory reforms and a number of…
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Going parametric – specialty risk
The use of parametric insurance products is on the increase in Asia, as insurers and reinsurers strike deals with not…
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State of the art
Commercial Risk Asia talks to Stefano Tranquillo, FM Global senior vice-president, Asia-Pacific division, about the insurer’s new Singapore training facility…
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Reinsurers continue drive into primary market as rates expected to leap 20% by 2019
Munich Re, SCOR and Swiss Re will continue their aggressive expansion into the large corporate European and global insurance market…
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Insurance market running into danger over reserves, warns JLT Re
JLT Re has warned that the (re)insurance market is in danger from reserve adequacy and believes the industry risks releasing…
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Reinsurers hopeful that soft market is tapering off
Reinsurers have told customers that they believe the market is stabilising a touch and rate reductions will not be as…
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Insurance industry forced to innovate amid promise of new coverages
Insurance buyers can expect new coverages and increased capacity for a range of risks if discussions at the Monte Carlo…
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SII under review as UK government and insurers plan for Brexit
This week saw further rumblings over Brexit, including the prospect of the UK ditching Solvency II and Lloyd's moving some…
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Italian earthquake and US floods largely uninsured
Many of those affected by the tragic earthquake in Italy and the devastating floods in Louisiana last month will not…
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Corporate round-up
New MGA run by ex-Airmic leaders created in UK, AIG UK teams with law firm to offer free Brexit advice…
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News in brief
Congo ratings move, African air freight in decline, Angola rating revised down, Zambia hits more stable note and CFOs want…
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Reinsurers continue African success story despite challenging market conditions
Africa Re has reported underwriting profit and investment income up 8% and 13% respectively, amid challenges to meet top-line targets…