AXA XL has announced that its China subsidiary, XL Insurance (China) Company Limited has received the green light from China Banking and Insurance Regulatory Commission (CBIRC) to change its business license in China from an insurance license to reinsurance.
The South Korean government has decided to lower reinsurance market entry barriers to promote competition in the sector.
Global insurers are well-capitalized to absorb the hit from rising claims and costs related to the COVID-19 pandemic, ratings agency A.M. Best Co. Inc. said on Monday, citing a stress test it conducted to gauge the immediate impact of outbreak on insurers' financial strength.
The acquisition of global reinsurer PartnerRe by French insurer Covéa has been abruptly called off, after owner EXOR declined to renegotiate the price in the context of the Covid-19 pandemic.
Aon and Willis Towers Watson announced on 9 March a definitive agreement to merge in an all-stock transaction with an implied combined equity value of approximately $80bn.
With the re/insurance industry at a major crossroads, the Singapore Reinsurers’ Association (SRA) has revealed the theme for the 16th Singapore International Reinsurance Conference (SIRC) as ‘Winds of Change’.
The Monetary Authority of Singapore (MAS) today announced new senior management appointments and changes to its organisational structure. The senior management appointments are part of an ongoing process to renew and strengthen MAS’ leadership bench. The organisational changes will help strengthen synergies across key capabilities or functions in MAS. All the appointments and organisational changes below will take effect from 1 May 2019 unless otherwise stated.
2 Two Assistant Managing Directors will move up to take on Deputy Managing Director positions:
