Asia Insurance Industry Awards Honours 15
Fifteen companies and individuals have emerged as winners of the 15th Asia Insurance Industry Awards, in a hotly contested race which received more than 500 entries in 15 categories.
Swiss Re Q3 2011: Net income USD 1.3bn
Swiss Re has reported a net income of USD 1.3 billion in the third quarter of 2011 (vs USD 0.6 billion in the prior-year period). All segments contributed to these…
Insurance-linked securities market poised for continued growth
15 years after its inception, the market for insurance-linked securities (ILS) is poised for continued growth as re/insurers, governments and corporations continue to access capital market solutions to finance growth,…
Insurance News: Catastrophes cost the insurance industry USD 70 billion in the first half year of 2011
According to preliminary sigma estimates, total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached an estimated USD 70 billion in the first half of…
Mortality protection gap in India estimated at USD 6.7 trillion
Swiss Re published a study,Mortality Protection Gap: Asia-Pacific 2011, which finds that the aggregate mortality protection gap across 12 Asian markets expanded significantly from USD 16 trillion in 2000 to…
Swiss Re reports net profit of USD 960 million for the second quarter
Swiss Re reports a Group net income of USD 960 million in the second quarter of 2011, compared to income of USD 812 million in the same period of 2010.…
New Swiss Re sigma study “World insurance in 2010” reveals growth in global premium volume and capital
According to Swiss Re’s latest “World insurance in 2010†sigma study, world insurance premium volume increased 2.7% on an inflation-adjusted basis. Life premiums rose by 3.2%, non-life by 2.1%. Premium…
Swiss Re’s leadership structure brought into line with legal entity set-up following successful share exchange offer
Swiss Re is completing adjustments to its leadership structure to reflect the company’s new legal entity set-up.Â
MDRT and MDRT Foundation Donate $248,000 for Disaster Recovery in Japan
The Million Dollar Round Table (MDRT) and the MDRT Foundation announce a cumulative donation of USD 248,000 from their MDRT Japan Relief Fund established following the earthquake and tsunami that…
Munich Re posts quarterly loss of €948m due to heavy claims burdens
Owing to exceptionally high costs for natural catastrophes, Munich Re posted a consolidated loss of €948m for the first quarter of 2011 (previous year: profit of €485m). Despite this quarterly…