Reinsurance
Current hard market challenges new reinsurer entries
Mainly these are competition, capital raising, and higher barriers to entry.
Reinsurers gain confidence with improved loss ratios
Some exceeded a 20% return on equity (ROE) in the first quarter.
Reinsurance market stabilises amid mid-year renewals
Property catastrophe reinsurance rates were generally flat to slightly down.
Reinsurance market stable despite the absence of new entrants
Arthur J. Gallagher reports four reasons for the lack of new entrants.
GST Council reviews reinsurance, co-insurance tax status
An 18% tax is usually levied on any supply of service.
Australian Reinsurance Pool reviews cyclone pool rates for 2025
The 2024 premium rate review aims to ensure that rates align with the objectives.
Global reinsurance market set for robust profit margins
AM Best expects reinsurers to maintain underwriting discipline in the near term.
Mitsui Sumitomo Insurance boasts strong capital base: AM Best
Thanks to its resilient capital base and strategic equity disposal plans.
FuSure Reinsurance’s risk-adjusted capital to stay solid until 2027
From 2024 to 2027, it targets double-digit growth in gross written premiums.
Reinsurance risks increase at Tokio Marine Indonesia
As a small non-life insurer in Indonesia, TMI holds a 2.1% market share.
BMS Re boosts MGA business with six new hires
It said it boosts its ProLink Solutions personnel by 40%.
GIC Re witnesses premium income fall in 9M’23
Its premium income fell to INR28,458.1 crore.
Munich Re projects $2b net profit in Q1’24
It forecasts a net profit of €5b for the year, 9% higher than 2023.
Malaysian Re inks deal with Chinese firms on cancer treatment
It hopes to improve products under health and medical.
Allianz Partners establishes presence in GIFT City
It is the first foreign reinsurer to operate in the area.
Canopius reels in new CEO for APAC, MENA
Soon Keen Lee is expected to join Canopius before the end of Q2’24.
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