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Underwriters, Brokers Keep a Close Eye on Iran Sanctions Developments
Joint Comprehensive Plan of Action. President Trump announced on May 8 he was terminating the U.S. participation in the JCPOA, saying "it failed to protect America's national ...
Source: BestWire   Date: May 22, 2018
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UK’s Terrorism Reinsurer Names Actuary to Meet ‘Shifting’ Threat
Syndicate 1458, where he was senior pricing actuary. He will report to Chief Underwriting Officer Steve Coates. "Pool Re continues to evolve its offering to reflect a shifting ...
Source: BestWire   Date: November 28, 2016
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Lloyd’s CEO Beale to Address MORO Conference in London
Reinsurance Officials, which runs in London from June 6 to 8. MORO, as the meeting is known, is held every two years by the U.K.-based International Cooperative and Mutual ...
Source: BestWire   Date: May 18, 2016
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Market Watchers: All Eyes on India as It Opens Lucrative Reinsurance Market
Insurance Regulatory and Development Authority of India. Foreign companies with a UIN are considered by the regulator as "cross-border reinsurers" or those who don't have any ...
Source: BestWire   Date: April 1, 2015
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Lloyd's CEO Borrows From Dickens to Describe Mixed Reinsurance Market
Capital keeps coming in. There's an extraordinary amount of capital in the market. I ask myself, is it too much?" On the bright side, Ward said the losses may bring to light ...
Source: BestWire   Date: September 11, 2012
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Swiss Re Expects US$600 Million Losses From Thailand Floods
Financial Strength Rating of A (Excellent). (By Iris Lai, Hong Kong bureau manager: Iris.Lai@ambest.com)
Source: BestWire   Date: December 6, 2011
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Reinsurers Cautious in Asia-Pacific Markets Amid Record Catastrophe Losses, Volatile Financial Markets
...Pacific region, Farny said "prices have gone up." "The losses and claims paid these days show that we need risk-adequate prices over the whole cycle, regardless of business and ...
Source: BestWire   Date: September 12, 2011
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Perspectives: While Cats Dominate Property Risk Considerations, Reinsurers Must Watch for Economic Danger to Casualty Lines
Brian Gray, chief underwriting officer at Swiss Re. Gray said the current interest-rate environment is "a very significant shock" to the market, affecting the ability of reinsurers ...
Source: BestWire   Date: September 12, 2011
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Best's Review: A.M. Best Ranks the Top 50 Global Reinsurance Groups
The September issue of Best's Review reports A.M. Best Co.'s annual ranking of the top 50 global reinsurance groups based on gross premium written in 2010. While Munich Reinsurance ...
Source: BestWire   Date: September 1, 2011
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London, European Underwriters May See Higher Losses in Commercial Lines From Second New Zealand Quake
Insured loss estimates for the magnitude 6.3 quake that struck Christchurch, New Zealand's largest city, on Feb. 22 range from US$2 billion (1.46 billion euro) to $12 billion, with ...
Source: BestWire   Date: February 23, 2011
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Reinsurance Business Prospects Abound in Asia
South Korea and Southeast Asia at Munich Re. Greater China is one of the main growth markets for Munich Re. In the region, many insurers look for not only capacity but also ...
Source: BestWire   Date: January 18, 2011
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Asia's 2011 Reinsurance Market Promises Intensifying Competition
Aon Benfield Asia Pacific. Reinsurance prospects are optimistic in emerging markets like China and India. China's reinsurance business is projected to post an annual growth rate of ...
Source: BestWire   Date: January 11, 2011
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Economic Recovery, Solvency Regulation and Overseas Expansion Shape Japan's Reinsurance Market
Hiroshi Fukushima, president and chief executive of Toa Re. There are some concerns of decreasing reinsurance capacity in overseas markets due to the appreciation of the yen ...
Source: BestWire   Date: January 4, 2011
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Swiss Re Predicts India's Reinsurance Market Will Remain Robust, With or Without Deregulation
Swiss Re Asia's chief economist. Under Indian insurance regulations, GIC has been designated as the "Indian reinsurer," which entitles it to receive obligatory cessions of 10% from ...
Source: BestWire   Date: November 9, 2010
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The Road Ahead on Reinsurance in Asia's Emerging Markets
China has attracted foreign reinsurers. There are six foreign reinsurers in addition to Beijing-based China Re, which has two subsidiaries, China Property and Casualty Reinsurance ...
Source: BestWire   Date: July 6, 2010
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Marsh: Asia's Insurance Markets Remain Robust in a Soft Market
Geoff Lambrou, head of Bowring Marsh Asia. Businesses are seeking more comprehensive risk coverage in Asia, driven by expansion of business overseas, Lambrou told BestWire. At the ...
Source: BestWire   Date: June 22, 2010
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Lloyd's China Gets Regulatory Clearance for Direct Insurance Business
China Insurance Regulatory Commission. "This is very significant development for both Lloyd's and the Chinese insurance market," said Lloyd's Chairman Peter Levene in a statement. ...
Source: BestWire   Date: May 20, 2010
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With Stiff Competition in India, GIC Seeks to Enhance Overseas Business
Yogesh Lohiya, chairman and managing director of GIC Re. In London, a discussion with Lloyd's about setting up a syndicate is also under review. "But we would like to take more ...
Source: BestWire   Date: May 11, 2010
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Reinsurers Create Global Reinsurance Forum At Rendez-Vous
A group of reinsurance companies have come together at this year's Monte Carlo Rendez-Vous to form the Global Reinsurance Forum with the aim of promoting a stable and competitive ...
Source: BestWire   Date: September 7, 2009
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Rendez-Vous Delegates Grapple with Economic Turmoil, Hurricane Ike
... The Aon-Benfield merger, announced in August (BestWire, Aug. 22, 2008), was one of the most visible topics, due to the Aon and Benfield courtesy cars that were parked almost next ...
Source: BestWire   Date: September 12, 2008
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