Reinsurance News

The continuing AXIS-Partner Re M&A saga takes a new twist as EXOR ups its bid for Partner Re to USD137.50 per share whilst raising its stake in Partner Re to 9.32%, making it the largest shareholder.

The Indonesian reinsurance industry has lost one of its most respected leaders with the passing of Pak Rudy Wuwungan at the age of 78. The SRA expresses its deepest condolences to his family and loved ones. Selamat jalan, Pak Rudy, RIP!

China investment group, Fosun continues to build up its stable of insurance company assets with a deal to acquire the remaining 80% of Bermuda-based specialty insurer, Ironshore.

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Foreign insurers in China to be freed from current geographical operational limits and allowed to conduct business across the country, as control of state-owned financial institutions is set to be re-centralised within 18 months.

 

Responding to popular demand, the Singapore International Reinsurance Conference (SIRC) will be organised annually from 2017 onwards. This move comes in response to the rising needs of the Asian reinsurance market place for a dedicated and centralised annual forum to meet in preparations for the renewals. In a press release, the Chairman of the SIRC Organising Committee, Mr Sivam Subramaniam said the two-year advance notice is given to ensure minimal disruption to the planning of other established biennial events in the region, such as the East Asian Insurance Congress (EAIC).