PICC Property & Casualty Insurance Co, China's biggest non-life insurer, has issued an insurance-linked securities (ILS) sidecar in Hong Kong, the first such issuance in the territory. This is also the first time a mainland Chinese insurance institution has issued an ILS sidecar.
The Global Asia Insurance Partnership (GAIP) announced on 15 October that Peak Re has joined the Asia-focused, neutral tripartite platform as a principal partner, reinforcing its commitment to addressing protection gaps and strengthening resilience against emerging risks across Asia and beyond.
In the lead up to the Singapore International Reinsurance Conference, members of the Singapore Reinsurers' Association (SRA) Executive Committee lay out their plans for the association and the reinsurance industry in Singapore. We speak to SRA EXCO members Anna Kohls, Sasa Hu and David Kim on AI, talent and the future of the reinsurance community.
The sale by Arab Reinsurance Company (Arab Re) of a material land holding in Lebanon will materially reduce the company's asset risk, says AM Best.
The Global Asia Insurance Partnership (GAIP) has announced that Lloyd's Asia has joined the Asia-focussed, neutral tripartite platform as a Supporting Partner, bringing a specialist (re)insurance market perspective to GAIP's work to address protection gaps and strengthen resilience against the complex and evolving risks affecting Asia.
Insurance regulators are tightening rules for asset-intensive reinsurance while promoting alternative forms of insurance risk transfer.
Although geopolitical tensions have intensified in the region, the Middle East and North Africa markets present good topline growth potential for reinsurers, and continue to attract international interest, according to a new AM Best report.
Turkiye has taken over the presidency of Turkic World Insurance Union (TWIU), with Mr Atilla Benli elected as the President.
Pacific Life Re, has announced the completion of a structured reinsurance transaction for one of Japan's leading life insurance companies.
AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.