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Saudi Re enjoys big increase in profits in first half of year
Insurance
Saudi Reinsurance Company (Saudi Re) enjoyed a big increase in its profits in the first half of the year.   19 August 2019
S&P praises improved underwriting discipline of Asia Capital Re
Insurance
Asia Capital Re has improved its underwriting discipline and is in good shape to achieve stable growth over the next two years, according to rating agency S&P Global Ratings (S&P), which has affirmed the reinsurer’s financial strength rating at ‘A-’, and maintained its outlook for the Singapore-headquartered reinsurer at ‘Stable’.   19 August 2019
Mapfre signs €82m deal with Santander to expand insurance distribution with new company
Insurance
Spanish insurer Mapfre has signed a deal to invest €82 million to create a company with Santander Spain to distribute automobile, self-employed and company insurance.   1 July 2019
Insurance
Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) is to acquire the entire issued share capital of Bermuda-based Sandell Holdings and its subsidiary Sandell Re (SRL) for an initial cash consideration of $25 million with further amounts payable subject to certain conditions being met.   1 July 2019
Insurance
Loss figure of $40 million expected to rise; estimated bushfire losses now at $110 million.   18 November 2019
Insurance
It will be China’s first fully foreign-owned insurance holding company.   18 November 2019
Insurance
The appointments mark continued expansion in the financial lines market.   18 November 2019
Insurance
Interest rates are stagnating at relatively low levels across the Eurozone, impacting both life and non-life insurance industries, according to Mapfre and the adoption of accommodative monetary policy across the Eurozone is partly responsible.   11 February 2020
Insurance
Aon Benfield Securities says that issuance of insurance-linked securities (ILS) was in line with expectations in the third quarter.   1 November 2010
Insurance
It will offer a free Leakbot to all new and existing buildings insurance customers.   10 February 2020

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