by thebrandmill | Nov 6, 2024 | +8 Partners, Rare Earth Insurance Partners
SHANGHAI, CHINA, OCTOBER 22nd 2024 – Rare Earth Insurance Partners Shanghai (“Rare Earth Shanghai”) was officially launched in mainland China. Led by industry veterans Wang Wei and Mark Gu, Rare Earth Shanghai will be the first independent wholesale...
by thebrandmill | Jan 8, 2024 | Rare Earth Insurance Partners, Wang Wei
With most deals after January 1, 2024 renewals now being closed, APAC saw more capacity coming in and cedents on the cat side got their programs renewed within 0-5% increases for non-loss and up to 25-30% corrections on loss-affected accounts. As reported...
by thebrandmill | Apr 17, 2023 | Rare Earth Insurance Partners, Wang Wei
European dominance of key insurance for shippers a hurdle for Beijing’s ambitions. Wide-ranging sanctions on Russian oil exports in response to the Ukraine war highlight potential problem. Among other comments, Wang Wei, Rare Earth Insurance Partner’s...
by thebrandmill | Mar 22, 2023 | Candace Chan, Rare Earth Insurance Partners
As reported by InsuranceAsia News, insurers and brokers are seeing some softening of the marine insurance market in Asia, following three years of fairly decent growth. However, few expect the sector to lapse back into the bad old days of over-capacity and weak...
by thebrandmill | Jan 19, 2023 | Rare Earth Insurance Partners, Wang Wei
While rates in China were up more than 20% for many contracts, the January renewals could have been a lot more painful for cedents if competition among reinsurers was not so high. Wang Wei, Chief Executive of Rare Earth Insurance Partners, explained, “Reinsurers don’t...
by thebrandmill | Jan 10, 2023 | Rare Earth Insurance Partners, Wang Wei
As reported by InsuranceAsia News, a challenging renewal for marine writers in the region has been partially influenced by Covid restrictions that have eased significantly, meaning that the marine market loss ratio for the APAC region has been relatively stable....
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