Reinsurance News

ACR Capital Holdings has named Bobby Heerasing to the newly created role of deputy group chief executive and deputy chief executive of its fully owned subsidiary, Asia Capital Re, pending regulatory approvals.

Swiss Re is establishing a combined Property & Casualty (P&C) Underwriting Hub for the Asia Pacific region within its Reinsurance business unit. Sharon Ooi, will lead the unit, as Head P&C Underwriting for Asia, Australia & New Zealand.

The Singapore Reinsurers’ Association (SRA) has announced that Mr Marc Haushofer, Chief Executive Officer, Asia Pacific of Validus Re will succeed Mr Alain Flandrin, Chief Executive Officer (Asia Pacific) of Partner Re Asia as its Chairman with effect from 1 January 2017.

In a statement released on 28 Oct, Swiss Re revealed that it has entered into an agreement as sole reinsurer to provide natural disaster protection to seven prefectures in Guangdong province, in partnership with the People's Insurance Company of China (PICC) in 2016.

In a statement released on 19 Sep, Munich Re announced that the company is making changes to its strategic set-up in the APAC markets to keep pace with dynamic expansion in the region. Consequently, it is expanding the scope of its offices in Tokyo, Singapore and Beijing will be expanded, while certain other office locations such as Kuala Lumpur, Hong Kong and Melbourne, will be downsized or closed altogether.

China Reinsurance (Group) Corporation marked the opening of its first overseas branch in Singapore with a grand opening ceremony on Monday, 25 July, officiated by guests-of-honour, Mr Lawrence Wong, Singapore's Minister of National Development and a member of the MAS Board of Directors, and His Excellency Mr Chen Xiaodong, Ambassador Extraordinary and Plenipotentiary to the People’s Republic of

Over 170 delegates, including a good mix of ceding companies, protection providers (including many SRA members), ILS fund managers, service providers, investors, lawyers as well as regulators, attended the inaugural ILS Asia 2016 Forum organised by Artemis at the iconic Raffles Hotel Singapore on 13 July 2016.  

The Singapore Reinsurers’ Association (SRA) has announced the line-up of its Executive Committee (EXCO) for the 2016/2017 term of office with Mr Alain Flandrin, Chief Executive Officer (Asia Pacific) of Partner Re Asia, being elected as its Chairman to replace Mr Thomas Lillelund who had stepped down following his recen

In a reshuffle of their senior management team, Aspen Insurance Holdings has announced that Stephen Postlewhite, previously CEO of Aspen Re has been appointed CEO of Aspen Insurance following the retirement of Mario Vitale.  Thomas Lillelund, previously Managing Director, Asia Pacific, for Aspen Re succeeds Postlewhite as CEO of Aspen Re.  Lillelund had also served as Chairman of the Singapore Reinsurers' Association since May 2014.

The SRA and the International Underwriting Association of London (IUA) today announced an affiliation partnership that will enable both organisations to better serve their common membership.