Is the global reinsurance market coming close to equilibrium?

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Despite reinsurers efforts to maintain pricing momentum, rate increases were moderated by their good Q1 results, generally low catastrophe losses, rising underlying reinsured premium volumes, positive investment results, and the strong economic recovery from COVID-19. Capacity overall remained sufficient to meet demand, but reinsurers resisted competing for topline revenue, so poorly performing classes were constrained, Willis Re reported.

Concerns over inflation and COVID-related loss developments had no impact on pricing, with flat or moderately rising rates for property renewals. There were less consistent changes in casualty risk pricing and coverage, although it saw a similar gentle upward trend. An exception

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bolttech becomes Asia’s latest insurtech unicorn

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Asia has its newest insurtech unicorn in bolttech, backed by Hong Kong’s Pacific Century Group. The firm breached the US$1 billion (SG$1.34 billion) threshold with an oversubscribed US$180 million series A funding round, led by Activant Capital Group.

Other investors included Tony Fadell (principal at Future Shape), Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital and Tarsadia Investments. According to bolttech, this was the largest-ever series A funding round for an insurtech firm.

As part of the investment, Richard Benson-Armer, partner at Activant, will join bolttech’s board of directors, which already includes Peter Hancock, Robert Kyncl, and Malcolm

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Final week for entries to Asia’s Top Insurance Employers 2021

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It’s the final week to put forward your company to be recognised as one of Asia’s Top Insurance Employers.

Insurance professionals across the region can nominate their firm through this online form.

Open to all organisations within the insurance industry, Top Insurance Employers will recognise companies big and small based on their performance across a number of areas from employee health and wellbeing to diversity and inclusion. By participating, companies will have the opportunity to be distinguished as a Top Insurance Employer, providing a valuable marketing and recruitment tool for attracting future candidates.

Participation in this annual ranking

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Payments Cards & Mobile Jobs of the Week July 05

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After what feels like a lifetime of lockdowns, restrictions and hitting pause on life, things are slowly returning to normal. And frankly, we couldn’t be happier.

Three really exciting companies to keep an eye on over the next few months

During this global pandemic, countless businesses all over the world introduced hiring freezes, furlough schemes and had to make some tough decisions – writes Rebecca O’Keeffe, Content Creator, Jobbio.

But there has been a shift, and we have front row seats. The world is returning to work, and this has resulted in some pretty amazing companies setting off on

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