The Taiwanese insurance sector posted pre-tax profits of NT$233.1bn ($8bn) in 2020, an increase of 30.7% over 2019, according to data released by the Insurance Bureau of the Financial Supervisory Commission (FSC).
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Renewals pricing gains fail to sate reinsurers hungry for more: S&P
01-03-2021
22-11-2018
Global property and casualty reinsurance rate increases were good during the 2021 January renewals, but “came up short of a hard market, and expectations remain high for the rest of the year”, according to S&P Global Ratings.
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07-07-2016
Prem Watsa s Fairfax Financial Holdings, the property and casualty re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, posted a fall in net profit for fiscal year 2020, driven by $1.3 billion combined catastrophe and COVID-19 losses and 112.6 percent combined ratio of its subsidiary Brit. Brit s chief executive Matthew Wilson, however, pointed to rate increases and withdrawal of capacity in the market from certain classes as cause for optimism going into 2021.
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