Premium discounts recognising cyclone mitigation measures have reached A$9.7m ($6.8m) across homes reinsured by the Cyclone Reinsurance Pool, according to the latest quarterly statistics released by the Australian Reinsurance Pool Corporation (ARPC).
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
SG Re has secured in-principle approval from the Monetary Authority of Singapore for registration as a general reinsurance broker, and will be commencing operations by October once its registration is complete.
Mitsui Bussan Pana Harrison has announced the appointment of Ms Alice Lim as Head of General Insurance.
Arab insurance leaders have made a collective call at the opening yesterday of the 35th GAIF General Conference (GAIF35) to the insurance industry to return to core values, embrace digital innovation and bolster regional cooperation in an increasingly complex risk landscape.
Barbados-based reinsurer Active Capital Reinsurance (Active Re) has announced AM Best's affirmation of its Financial Strength Rating (FSR) of 'A' (Excellent) and its Long-Term Issuer Credit Rating (Long-Term ICR) of 'a' (Excellent). The outlook for these ratings is stable.
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 Deputy Chair Emma Loynes, Honorary Treasurer Mukul Kishore and Honorary Secretary Michale Hauer on how the association will expand its footprint over the coming year.
Marsh has appointed Mr Derek Heng as CEO of Marsh ASEAN, and Ms Peta Latimer as CEO of Marsh Singapore. In addition, Mr Heng will continue to serve as CEO, Marsh Thailand, and Ms Latimer will continue with her current responsibilities as President of Marsh's People and Investments business in Asia.
Santam Syndicate 1918, part of Santam Group, Africa's largest non-life insurer, has appointed Ms Hina Shavdia as COO.
Sierra Leone-headquartered WAICA Reinsurance Corporation's (WAICA Re) operating performance is strong, with the company reporting robust return-on-equity ratios in recent years that have significantly exceeded the benchmark interest rates in the markets where the reinsurer operates, says AM Best.