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  • Floods: Financial benefits of prevention measures can exceed post-disaster rebuilding costs

    Flood prevention measures such as dykes, dams and flood gates come at a price, but their financial benefits can exceed costs for rebuilding after a disaster by up to 10 times, according to a report by Swiss Re Institute, titled "Resilience or rebuild? The costs and benefits of climate adaptation measures for flood".

    Asia | 12 Nov 2024
  • Hannover Re raises 2024 profit target

    Hannover Re, one of the world's leading reinsurers, has raised its profit target for 2024 and expects Group net income of around EUR2.4bn ($2.56bn) for 2025.

    Asia | 12 Nov 2024
  • Global: Miller announces new appointments

    Miller has appointed Ms Amanda Armitage as business development manager in the International Professions Team, Mr Scott Gorman will lead the UK and International PI Wholesale team and Mr Steve Jolley as chief information officer, effective 2 December.

    Asia | 11 Nov 2024
  • Global: Hannover Re announces new appointments

    Hannover Re has appointed Mr Clemens Jungsthöfel as CEO and Dr Christian Hermelingmeier as CFO, both effective 1 April 2025.

    Asia | 11 Nov 2024
  • Irish bourse covers 38% of global sukuk as of end-Sep 2024

    The Irish Stock Exchange (Euronext Dublin) is the largest listing venue for global sukuk outstanding in hard currencies, covering 38% of global sukuk at end-3Q2024 (3Q2023: 41%), with the London Stock Exchange (LSE) and Nasdaq Dubai not far behind, Fitch Ratings says.

    Middle East | 10 Nov 2024
  • Reinsurance: SCOR's P&C profitability restored; L&H earnings under pressure

    Reinsurance: SCOR's P&C profitability restored; L&H earnings under pressure Global reinsurer SCOR's P&C results are to remain strong in 2024 and 2025, says Fitch Ratings. However, the L&H results are expected to be negative in 2024, but to recover in 2025.

    Asia | 07 Nov 2024
  • Global: Aon appoints new CUO

    Aon has appointed Mr Simon Clapham as CUO for Aon Underwriting Managers (AUM).

    Asia | 05 Nov 2024
  • MAS chairman outlines how Singapore will help reinsurance industry navigate four main transitions

    Amid the growth in demand for reinsurance, driven by four major transitions - climate, energy, digital, and demographic - Singapore will reinforce its status as Asia's leading reinsurance hub through several approaches, according to Singapore deputy prime minister, minister for trade and industry and chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong.

    Asia | 05 Nov 2024
  • Global: ESG sukuk to exceed US$50bn by 2025

    Global ESG sukuk issuance is expected to continue rising over 4Q24-2025, driven by investor demand, funding and diversification goals, and government sustainability initiatives in some Muslim-majority countries, Fitch Ratings says.

    Middle East | 04 Nov 2024
  • Global reinsurers' return on equity jumps to 22% in 2023

    AM Best's population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023, a five-year high, driven mainly by a turnaround in unrealised losses from the previous year and strong underwriting performance.

    Asia | 04 Nov 2024


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