This annual report is intended to provide shareholders and. Here, too, we have beaten our target, despite high natural catastrophe losses in. In 1989, the reinsurance operations were transferred to sirius international. He is currently chief executive of acr capital holdings pte.
Asia and in the cyber risk market, which continues to grow. Interest on contingent capital instruments, net of tax. Including the annual financial report a european company with share capital of eur 1,520,931,435. In 2019, pacific life re partnered with prudential singapore to launch a digital solution, offering consumers instant underwriting decisions at the point of sale. Economy, banking, energy, oxford business group 20 page 117 a. The pressure has since rippled to other classes and geographies as capacity is reallocated. The growth of alternative reinsurance capital in recent years is. The company offers reinsurance for mortality, morbidity, lapse, investmentrelated risks associated with various life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, and disability. Singapore insurance fund 201812 description annex row no. The company is whollyowned by its zurichbased global parent, swiss re ltd, and shares swiss res group credit rating. In 2019, pacific life re partnered with prudential singapore to launch a digital solution, offering consumers instant. Rga generates excess capital each year and remains committed to managing that capital.
Watch the video that brings to life stories of resilience featured in swiss res 2019 annual report. I believe we are very well prepared for these changes and we are, therefore, looking to the future with confidence. This is fourth time since 2012 that asia capital res investment excellence has been recognised under the investor of the year awards category. A specialty insurer and global reinsurer with a recognized ability to help. Amount assets equity securities 1a 1 579,032,707 debt securities 1b 2 375,356,739 land and buildings 1c 3 0 loans 1d 4 0 cash and deposits 5 33,456,043 other invested assets. Trust international insurance and reinsurance company b. But unlike quota share, it leaves the insurer with the upside of any positive claims experience, creating a far more cost effective solution for them. Special report global reinsurance compared with only 8% in 2008. Since 1998 the allianz group has been drawing up its financial statements. The acquisition will be catalinas first in asia and marks a strategic move to increase its.
We have four major operating divisions asia, canada, u. It offers reinsurance coverage to insurers for property damage or business interruption losses resulting from fires, catastrophes, and other perils covered in industrial and commercial property, and homeowners policies. The imminent changes on the world stage will require close analysis and rapid adaptation. First, a new breed of investor is seeking out the reinsurance markethedge funds, sovereign wealth funds, pensions and mutual funds. Munich re group annual report 2019 annual general meeting reinsurance 2019.
At the annual meetings in indonesia in october 2018, we will unveil the human capital. Audit report on the corporate governance report 120 risk factors and risk management mechanisms121 3. As one of the most experienced investment banking firms. Swiss reinsurance company consolidated annual report 2019. Sirius international provides international insurance and reinsurance. Statements of rgas annual report on form 10k, included herein. Please refer to the annual report 2018 for more details. China reinsurance group corporation annual report 2012 20150526 china reinsurance group annual report 2011 20150526 china reinsurance group annual report 2010 20150526. Based on a report compiled by the global intermediary aon, 2018s insured nat cat loss estimate of usd90 billion far exceeded the average of usd56 billion recorded during the 18year period 2000 to 2017. Our asia pacific business also continued to prosper in 2014.
Asia capital re announces underwriting and management appointments. Alternative reinsurance capital is characterized by two twists on the traditional reinsurance arrangement. Member mr david lim brit global specialty singapore pte. Broker of the year for the asia pacific region at the 16th annual asia insurance industry awards. Mmc, a global professional services firm offering clients advice and solutions in. Horasis annual meeting zurich, switzerland 2425 january 2012. Financial information asia capital reinsurance group.
Our asia pacific operations built on recent years of growth with another strong year in. With underwriting margins and investment income under increasing pressure, it was no surprise that industry operating earnings were down 19% on average. Strategic capital allocation is at the heart of what we do at swiss re. Mmc, a global professional services firm offering clients advice and solutions in the areas of risk, strategy and human capital. John tan ceo,asia capital reinsurance group, singapore wayne w. China re is now the asias largest and the worlds eighth largest reinsurer in terms of reinsurance premium income. Iv this 2018 annual report contains forwardlooking statements within the meaning of the private securities litigation reform act of 1995 including, among others, statements relating to projections of the strategies, earnings, revenues, income or loss, ratios. The bulk of our adjusted earnings from operations is generated by asia, canada and the u. We also refined our events, certifications, and other offerings to focus even more on our members core needs. Throughout 2018 we executed on our strategy to deliver longterm, profitable growth by improving underwriting capabilities, mitigating risk and volatility by repositioning reinsurance structures and risk limits, adding worldclass talent and utilizing capital. The reinsurance premium for this type of protection is usually a small percentage of reinsurance cover provided. Offshore insurance fund 201512 description annex row no. The spate of major loss events which occurred cut across multiple continents, from the usa to europe to asia.
Asia capital re sale to chinese investors called off. Munich reinsurance companys market capitalisation at 31 december bn 38. Amount assets equity securities 1a 1 840,506 debt securities 1b 2 125,504,416 land and buildings 1c 3 0 loans 1d 4 0 cash and deposits 5 7,218,449 other invested assets 1e 6 0. Singapore, 21 june 2016 asia capital reinsurance group pte. Demand for asia pacific catastrophe reinsurance at a record. Demand for asia pacific catastrophe reinsurance at a. Swiss re asia was registered in singapore on 31 december 2017, marking the launch of the new headquarters. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Financial services companies established in 2006 insurance companies of singapore. Our mission delivering our commitments to society, while. Reinsurance group of america, incorporated engages in the life and health reinsurance business. Our reinsurance subsidiary, pacific life re, continued to expand its growth in the united kingdom and its footprint throughout asia and australia. Implementation of solvency ii, which went into effect on january 1, 2016, provided the central focus for our gfs teams in europe. Sirius international insurance corporation publ annual.
Ltd assured partners assurity life insurance company autoowners insurance. The annual and halfyear reports are also available in our app with the advantage that they can also be read offline and can be navigated in a particularly userfriendly manner. Brand strength china re is supported by powerful shareholders and enjoys strong capital strength. With more than 20 years of international and regional reinsurance experience, mr heerasing was the regional underwriting and distribution director of xl catlin prior to joining acr. Reinsurance provides clients and brokers with reinsurance products, insurancebased capital market instruments and. Transactions under the new capital regime proved complex and timeintensive, and required educating regulators, clients, and other parties on proposed solutions. Asia capital re has been named insurance company investor of the year in the asset triple a asset servicing, fund management and investor awards 2016. Regular disclosure, current year, periodic disclosures, regular disclosure, previous years.
Swiss reinsurance company consolidated annual report 2017. These cookies may be set through our site by our advertising partners. Broker of the year for the asiapacific region at the 16th annual asia insurance industry awards. Mr neil mathison was appointed on 30 june 2016, and is the owner and director of mathison consulting pte ltd. In january 2018, zre filed with finma the own risk and solvency assessment orsa report. Find our most recent annual report, as well as a sortable archive of past reports, form 10k filings, and proxy statements. Aon insights reports for commercial risk solutions. Reinsurance operations against this backdrop, the companys premium income rose. Asia capital reinsurance group asia capital re is a singaporebased reinsurance. Our current estimate of total capital dedicated to reinsurance is approximately usd 400 billion of which the convergence capital. This report shall provide an overview of the prevailing issues. Practices and procedures manual subject to any deviations permitted by each. Bests proprietary capital model bcar results as well as line of business allocations. Asia capital reinsurance group asia capital re is a singaporebased reinsurance company.
Annual report pursuant to section or 15d of the securities exchange act of 1934. Press release catalina holdings to acquire asia capital. Bermudabased reinsurer catalina holdings has agreed in principle to acquire the entirety of singaporeheadquartered asia capital reinsurance group acr. Catalina holdings to acquire asia capital re insurance. However, operations were initially started within sirius insurance in 1945. Financial statements asia capital reinsurance group.