Munich Re expands to cover disaster risks

Nikolaus von Bomhard

Perfect storms and unpredictable economic crises that dent investment income are the stuff of nightmares for Nikolaus von Bomhard.

Saturday, 8 December, 2012, 3:46am

The very curious case of the disappearing reinsurance deal

The very curious case of the disappearing reinsurance deal

How can a continuing business worth billions of dollars a year disappear from the public record of a listed company overnight?

1 Dec 2012 - 3:06am

2012 - a year of living not so dangerously

Munich Re chairman Nikolaus von Bomhard says that after a disaster-filled 2011, 2012 is shaping up to be better. Photo: May Tse

Looking back, 2011 could have been called the year of the natural disaster.

15 Oct 2012 - 3:17am

Cost of global disasters hit record US$370b last year

Global economic losses from natural catastrophes and man-made disasters reached an unprecedented US$370 billion last year, the costliest recorded in history, according to reinsurance giant Swiss Re.

29 Mar 2012 - 12:00am

Mainlanders lack cover for disaster risk

While both China and Chile have been hard hit by earthquakes, it is the Chileans who tend to be better insured, indicating that mainlanders are underprotected against losses from natural catastrophes.

4 Jun 2010 - 12:00am

CIIH plans 2.2b yuan cash injection for units

China Insurance International Holdings, the fourth-largest Hong Kong-listed insurer, plans to inject as much as 2.2 billion yuan (HK$2.48 billion) into its life and non-life insurance subsidiaries on the mainland to help them expand.

10 Dec 2008 - 12:00am

PICC Life expects 13.3b yuan in claims from victims in Sichuan

PICC Life Insurance will shoulder at least 13.26 billion yuan (HK$14.79 billion) in claims from devastated areas in Sichuan province, the biggest insurance losses reported so far, according to official media.

16 May 2008 - 12:00am

China Re struggles to attract investors

Claims, poor outlook mar foreign interest

China Reinsurance is having trouble attracting foreign investors in the run-up to its at least US$2.6 billion initial public offering on larger than expected claims and poor earnings outlook, sources said.

7 Apr 2008 - 12:00am

PICC seen hardest hit by blizzard claims loss

Insurers pay storm victims 680m yuan

Mainland insurers have paid out 680 million yuan in claims for property losses in the wake of the country's devastating snowstorms, and PICC Property and Casualty is expected to be the hardest hit as the toll mounts.

6 Feb 2008 - 12:00am

Private firms urged to spur growth of mainland reinsurance

The mainland's insurance regulator will encourage foreign players and private domestic firms to enter the reinsurance market in a move to bolster its sluggish development.

13 Jul 2007 - 12:00am

The business of protection

ALTHOUGH HONG KONG is generally recognised as the centre of the region's multibillion-dollar insurance industry, there are still misconceptions about the role played by brokers within the sector.

With more than 20 years of experience in the business, Michael Haynes, the managing director of Heath Lambert (Hong Kong), is well placed to explain exactly what is involved.

12 Jan 2007 - 12:00am

China Insurance jumps back into the black

China Insurance International Holdings has returned to the black as its mainland life and property insurance arms reported maiden profits for the first half of the year.

18 Aug 2006 - 12:00am

An artist inspired to fight for justice

The blazing reds and vibrant blues that erupt from artist Linda Liao's canvases find their roots in a childhood spent running wild in the countryside during the Cultural Revolution and a continuing desire to right social wrongs.

19 Jul 2006 - 12:00am

Investments help lift ECIC profit 37pc

Government insurer also cites fall in claims and export rise for strong result

Fewer claims and a better return on its investments helped to boost net profits at government-owned Export Credit Insurance Corp (ECIC) to $117.92 million for the year to March, representing a strong 37.2 per cent annual growth on its total surplus.

13 Jul 2006 - 12:00am

Belt-tightening CIIH vows profit return

China Insurance International Holdings (CIIH) has vowed to turn in a net profit this year after posting a higher than expected loss for last year. It will aim to limit expenses at its life and property and casualty businesses to last year's levels while growing their income.

The company yesterday reported a net loss of $433.76 million, up from a loss of $22.93 million in 2004.

8 Apr 2006 - 12:00am