Vietnam: Hanoi Re reports record profits for 2023

Published on February 8, 2024
Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) has posted a pre-tax profit in 2023 of VND256bn ($10.5m), a jump of 35% over 2022. This is a record for Hanoi Re, formerly known as PVI Re,
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More consistent approach to property, casualty results more muted at 1/1 renewals: Miller Re

February 7, 2024
Independent specialist re/insurance broker Miller’s new London and International Market Update, notes a more consistent approach to trading within the property market at the January 1st, 2024, reinsurance renewals, and while pressure remains in the casualty space, the overall results were more muted than last year.According to Miller Re, the reinsurance broking arm for Miller, there was a focus on

Pacific: Property rates stay flat in 4Q2023, for first time in 26 quarters

February 8, 2024
Composite insurance rates in the Pacific region (of which Australia is the biggest market) were flat in the fourth quarter of 2023, according to Marsh's 4Q2023 Global Insurance Market Index released