Taiwan News

inreon Expands in Japanese Market

inreon, the reinsurance online insurance platform, founded by Swiss Re and Munich Re, announced an expansion of its international operations in Japan, with the addition of two of the country’s largest P/C insurers – Sompo Japan and Fuji Fire & …

S&P’s Rates South China Insurance ‘BBB’; Outlook Stable

Standard & Poor’s has assigned its ‘BBB’ insurer financial strength and counterparty credit ratings to South China Insurance Co. Ltd. The outlook on the counterparty rating is stable. The ratings reflect the company’s satisfactory underwriting performance and strong balance sheet. …

A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters

A.M. Best Co. announced that it has recently integrated its Asia/Pacific insurance rating and information operations to serve Japan, Australia and New Zealand under A.M. Best Asia-Pacific Ltd. in Hong Kong. “Companies in Japan, Australia and New Zealand will now …

AIR Releases New Models for the Asia-Pacific Region

AIR Worldwide Corporation (AIR), one of the leading providers in catastrophe modeling and weather risk management, announced the release of new typhoon and earthquake models for the Asia-Pacific region. “The new typhoon models include Taiwan, Hong Kong and the Philippines. …

German Broker Becomes inreon’s 100TH Member

inreon, the Internet-based reinsurance trading platform announced that German broker Koenig & Reeker has become its 100th member. The company joins 81 other cedants and brokers from 17 countries across Asia, North America and Europe that have signed membership agreements …

EQECAT To Help Canadian Insurance Bureau Redefine CRESTA Zone Boundaries for Earthquake Loss Exposure

Oakland-based EQECAT has been selected by the Insurance Bureau of Canada (IBC) to participate in a major industry study that will revise and redraw the Canadian CRESTA zone seismic boundaries. The study plans to use EQECAT’s WORLDCATenterpriseTM to redefine the …

Inreon Offers Facultative Liability Reinsurance, Demand and Capacity Set to Grow

Inreon, the Internet trading platform launched by Munich Re and Swiss Re, announced that it has expanded its scope to offer reinsurance buyers facultative liability cover via the platform from a panel of blue chip reinsurers. It also announced plans …

Taiwan’s Chung Kuo Ins. Rated BBB+; Outlook Stable

Standard & Poor’s has assigned its triple-‘B’-plus insurer financial strength and counterparty credit ratings to Taiwan-based Chung Kuo Insurance Co. Ltd. (Chung Kuo), based on the company’s strong capitalization, prudent investment profile, and satisfactory underwriting performance. The strengths are counterbalanced …

Shinkong Outlook Revised to Negative

Standard & Poor’s Ragtings Services has revised its outlook on Taiwan-based Shinkong Insurance Co. Ltd.’s single “A-” counterparty credit rating from stable to negative. The counterparty credit rating as well as the single-‘A’-minus insurer financial strength rating on the company …

S&P’s Affirms ‘BBB+’ Ratings on Taiwan’s Central Re

Standard & Poor’s Ratings Services affirmed its triple-‘B’-plus insurer financial strength and counter party credit ratings on Central Reinsurance Corp. (Central Re). The outlook on the counter party credit rating is stable. The ratings reflect the company’s strong market position, …