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Munich Re Names Execs to Strengthen Local P/C Underwriting in Asia-Pacific & Africa
Korea and South-East Asia. Kotak has been responsible for Munich Re's property/casualty operations in India, Middle East and Africa since Jan. 1, 2023. In addition, he is chief ...
Source: BestWire   Date: April 18, 2024
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Net-Zero Alliance Hit With More Defections Amid US Concerns Over Legality
... Insurance Group and Munich Re (BestWire, May 22, 2023). The NZIA currently has 23 member companies, according to its website. An effort to reach the NZIA was not immediately ...
Source: BestWire   Date: May 25, 2023
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Open Markets Vital for Reinsurers, Trade Group Tells UK House of Lords Committee
European Economic jurisdictions granted by the U.K. Treasury were welcomed, the RAB said. "An appropriate regime governing the activity of branches of foreign (re)insurers is key ...
Source: BestWire   Date: February 16, 2022
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Munich Re: Life Sector Strives for Profitability in South Korea
International Capital Standard. Also, the regulator plans to launch IFRS 17, International Financial Reporting Standards 17. These regulatory changes would be resource intensive ...
Source: BestWire   Date: July 30, 2019
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Scor Receives Approval to Open Composite Branch in India
India (Best's News Service, Nov. 23, 2016). A foreign reinsurer needs three levels of licenses, R1, R2 and R3, from the regulator to operate a local branch. Munich Re said it ...
Source: BestWire   Date: December 28, 2016
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India’s Regulator Forms Committee on Reinsurance Cessions
Marsh India, Munich Re and GIC Re. There will also be representatives from direct domestic players including New India Assurance, ICIC Lombard, Aegon and Max Bupa Health. The ...
Source: BestWire   Date: November 28, 2016
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Munich Re Chief Data Officer: Big Data Fueled by Big Talent
East Asian Insurance Congress, held in Macau. View the video version of this interview at: http://www.ambest.com/v.asp?v=hauner1016 Following is an edited transcript of the ...
Source: BestWire   Date: October 21, 2016
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Reinsurers: Life Reinsurance Set to Grow in Asia
Pacific Insurance Conference in Manila. "On the other hand, we would also probably have more of the culture of saving in Asia. That would usually come with not enough protection. ...
Source: BestWire   Date: December 18, 2015
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Munich Re's UK Legal Expenses Insurer DAS Suspends Chief Executive
Legal Expenses Insurance Co. Ltd., Munich Re's British legal expenses insurer, has suspended Chief Executive Officer Paul Asplin after what the company described as "an initial ...
Source: BestWire   Date: October 21, 2014
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Germany's Life Insurers Watch Warily as New Law Heads for Books
German life contracts as less attractive. Peter Eliot, an equity analyst at Berenberg Bank in London, said the law was driven by the effects of continuing low interest rates on the ...
Source: BestWire   Date: July 14, 2014
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Natural Catastrophe Risk Major Driver for Reinsurance Demand in China
Natural catastrophe threats, along with increased risk values due to a growing economy, have highlighted the need to be adequately insured against weather risk in China, according ...
Source: BestWire   Date: April 16, 2014
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IIS Speakers: Asia Attracting More Capital and Resources as Region Drives Global Growth
Asia as a growth engine, but some markets are already mature. Saunders said the region's expected growth "can vary dramatically by market from about level or decreasing in Japan ...
Source: BestWire   Date: June 19, 2013
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Insurance Executives Disagree on Usefulness, Need for Solvency II
Joint Industry Forum, with some U.S. and Bermuda insurance chiefs questioning its need while most European executives expressed support. Michael S. McGavick, chief executive ...
Source: BestWire   Date: January 16, 2013
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ASEAN Free Trade Alignment Expected to Open Insurance Markets
Munich Re, is an example. "We will further proceed in strengthening our existing international presence and screen our priority markets for opportunities to expand business. ...
Source: BestWire   Date: November 21, 2012
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New Capital Rules Expected to Shake Up Philippines Insurance Market
Secretary of the DoF, in a statement. According to the Insurance Commission of the Philippines, there are 29 life, 74 nonlife and four composite insurers that had been granted a ...
Source: BestWire   Date: September 5, 2012
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European Windstorms, Solvency II Focus Attention on Models
London seminar hosted by the reinsurance broker. Since 1987, wind has featured in "pretty much all" of the 10 largest insurance losses in Europe, Moore said in his presentation. ...
Source: BestWire   Date: June 4, 2012
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South Korea Direct Motor Writers Grapple With Competitive Market
South Korea as they compete with major nonlife companies. These less-competitive insurers are facing high motor insurance losses due to a rising number of traffic accidents, ...
Source: BestWire   Date: May 15, 2012
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Top Regulator Says Vietnam Is Restructuring Insurance Market to Spur Growth
Hoan in an interview in Hanoi. There were only two types of insurers, 100% state-owned and 100% foreign-owned companies, before 2000, and there are now "all types" of companies ...
Source: BestWire   Date: May 1, 2012
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Regulator: China Moving Toward International Solvency Standard
China Insurance Regulatory Commission, at a conference in Beijing. Since the global financial crisis, international financial markets have been progressively reforming and the ...
Source: BestWire   Date: November 8, 2011
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Foreign Insurers Wary of Market Differentiation, Profitability Concerns in China's Auto Market
China is no exception. The challenge is to differentiate our services among local companies in various provincial markets," said Jackson Tang, China managing director of Liberty ...
Source: BestWire   Date: September 20, 2011
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