The Singapore Reinsurers' Association (SRA) has admitted three new members to its network – QBE Insurance Group as an ordinary member, and MSIG Singapore and VIG Re as associate members – broadening the trade body's reach across the Asia-Pacific and European markets.
Under the SRA's framework, ordinary members are major non-life reinsurance companies with a Singapore presence, as well as direct insurers writing substantial reinsurance portfolios.
Associate members encompass a broader category, including risk-bearing companies, intermediaries, and consulting firms connected to the insurance or reinsurance business.
QBE, headquartered in Australia, is among the world's top 20 insurers and reinsurers. Its international division, which houses Asian operations in Hong Kong, Singapore, Malaysia, and Vietnam, as well as QBE Re, accounted for 46% of group business in 2025, according to QBE's full-year investor report.
The company has been scaling its regional treaty reinsurance footprint, having appointed Cindy Foo as head of Asia, Treaty in December 2025 and Sven Liu as head of Greater China the following month, both based in Singapore.
MSIG Singapore, a subsidiary of Mitsui Sumitomo Insurance and part of the MS&AD Insurance Group, describes itself as the top non-life regional insurance provider in ASEAN by gross written premiums.
The firm holds an A+/Stable rating from S&P and has been expanding its specialty capabilities in the city-state, launching protection & indemnity underwriting and political risk and trade credit lines in 2025.
VIG Re, the reinsurance arm of Vienna Insurance Group, reported 2024 gross written premiums of 983.3 million euros – a 9.2% year-on-year increase – and carries an A+ rating from Standard & Poor's.
In January 2026, the European reinsurer appointed Marc Haushofer, a former long-time SRA chair, to lead its expansion across the broader Asia-Pacific, with plans to establish a Singapore office subject to regulatory approval.
The additions come as Singapore cements its standing as Asia's leading reinsurance hub. In a keynote at the 21st SIRC in November 2025, MAS Managing Director Chia Der Jiun noted that total life, general insurance, and reinsurance premiums in the city-state had grown at an average of over 8% annually, reaching about S$78 billion.
Founded in 1979, the SRA represents financial institutions licensed by the Monetary Authority of Singapore to conduct reinsurance business, with a mandate spanning industry advocacy, professional development, and the promotion of healthy market competition.
The association also organizes the annual Singapore International Reinsurance Conference. As of September 2020, the SRA had 55 members – a figure that has since grown with successive admissions.
The SRA is chaired by James Beedle, CEO of Partner Reinsurance Asia Pte. Ltd., who took on the role in late February 2026.
