A.M. Best Panel: Asian Reinsurers Work With Global Counterparts

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John Andre, Robert DeRose and Moungmo Lee of the A.M. Best company reviewed current developments in the global reinsurance sector and examine how Asia-based reinsurers are using global relationships to support local markets.

 

Indonesia Re's Sahusilawane: Reinsurance Sector in Transition

Frans Sahusilawane, president and director, Indonesia Re, said three Indonesian state owned reinsurers are becoming one. Expected new capacity and rules about capital should help the nation's insurance industry better handle catastrophies, he said.
 

Peak Re's Hahn: To Insure Middle Class, Industry Must Step out Comfort Zone

Franz Hahn, CEO, Peak Re, said that insurers have made as much progress as needed in insuring Asia's rising middle class from catastrophes and other risks. If insurers don't lead the way solutions will come from other sectors, he said.
 

GIC Re's Kumar: India Poised for Insurance Growth, Competition

Lowered barriers to foreign insurers and a fast-growing economy are driving insurance activity in India, K. Sanath Kumar of GIC Re said. Meanwhile, GIC Re is moving ahead with global expansion.
 

JBA's Willis: Asia's River Basins Can Attract Accumulation Risk

Iain Willis, technical director, JBA Risk Management, said Asian insurers are showing greater interest in data on coastal flooding. High-profile river floods have highlighted the danger of concentrating industry in river basins, he said.
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