10% cut to save cash leaves Taiwan just three reinsurers
Taiwan's Financial Supervisory Commission has said Swiss will close its Taiwan branch to help reduce its global workforce by 10%, Dow Jones reports.
The job cuts come after the reinsurer posted an annual net loss of CHF1bn in 2008.
The regulator said following Swiss Re's exit, Taiwan will have three reinsurance companies: Central Reinsurance, Reinsurance Group of America (RGA) and Cologne Reinsurance Company (Dublin).
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
