July 23rd, 2013. Xi’an, China – Eleven Berne Union members in the Asia Pacific region met in Xian, China, hosted by Sinosure on the 22nd and 23rd of July 2013 in the sixth Regional Cooperation Group CEO Meeting, which was attended by the Secretary General of the Berne Union. The group deliberated upon the move of gravity of economic activity towards Asia Pacific region, reinsurance cooperation, claims and recoveries and capacity building programmes.
With a view to increasing intra-regional trade and investment, four bilateral agreements were signed during the meeting, adding to the large number of existing reinsurance agreements and memoranda of understanding. Consensus was reached among members that further enhancement of cooperation and exchange of information, in particular, that on buyers default, claims and recovery was important in view of the uncertain market conditions.