Reinsurance is big business in Singapore. The jurisdiction is already well established as a financial services hub for the Asia-Pacific region, and wrote an impressive S$12bn ($9.5bn) of total gross reinsurance premium in 2011.
This compares with £16.4bn ($26.4bn) of gross premium (direct and facultative and treaty business) written by the much larger London company market and £22.6bn ($36.4bn) written by Lloyd's (according to IUA figures for 2010).
And Singapore keeps on growing. Only recently, on 21 March, Starr Companies...
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