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Insurance
Everest Re Group’s insurance subsidiary, Everest Security Insurance Company, has entered into a definitive agreement with Arrowhead General Insurance Agency, a subsidiary of Brown & Brown. 10 April 2013
Insurance
German insurer Allianz has entered into a 15-year exclusive distribution agreement with Turkish insurer Yapı Kredi and to also acquire Yapı Kredi Sigorta, the property/casualty insurer, including its subsidiary Yapı Kredi Emeklilik, the life and pension business. 27 March 2013
Insurance
Germany insurer Allianz has revealed an extensive investment programme to boost its presence across Africa. It has hired five new senior executives in the continent since the start of 2013 and the company is targeting Sub-Saharan Africa in particular, where it anticipates strong growth. 18 March 2013
Insurance
Bermuda-based MS Frontier Re has appointed a new president and CEO. Starting on April 1, Toshiya Naito will take over the role from Keiichi Nakajima who will return to Japan to take on new responsibilities within MS Frontier Re’s parent company. Naito is a 25-year veteran with Mitsui Sumitomo Insurance Company, the parent company and sole shareholder of MS Frontier Re. MS Frontier Group recently completed a reorganisation on January 1 which saw the closure of MS Frontier Re’s sister office in Dublin. 13 March 2013
Insurance
Allianz Risk Transfer and Nephila Capital have finalized an agreement securing another three years of risk capacity for Nephila. Under the agreement, Allianz Risk Transfer will continue to assist Nephila in its natural catastrophe and weather risk strategies, providing specialized services, such as balance sheet access, non-recourse leverage and other flexibility that will continue to benefit Nephila’s investors. Nephila said the extension enhances its ability to offer its clients a portfolio of diversified and high quality investment alternatives while continuing to diversify Allianz Risk Transfer’s business lines. 6 March 2013
Insurance
Two of Europe’s largest re/insurance institutions posted solid 2012 results this week with both boasting healthy underwriting profits and solid combined ratios. 21 February 2013
News
Allianz Global Corporate & Specialty (AGCS) has launched a new entity that will operate as a local reinsurer in Brazil. Allianz Global Corporate & Specialty Resseguros Brasil (AGCS Brazil) will be headed up by Angelo Colombo and have offices in Rio de Janeiro and São Paulo. 24 January 2013
News
Q-Re, a subsidiary of Qatar Insurance Company (QIC), has hired eight experienced reinsurance professionals who, the company says, will spearhead its global expansion plans going forward. 21 November 2012
Awards
We polled our readers and carried out independent research to compile our list of winners of the Intelligent Insurer European Awards 2012. Here, we present the results. 1 October 2012
Reinsurance
2012 has been a quiet year for catastrophe losses. While this means low insured losses, it also potentially heralds another year without substantial price corrections for reinsurers. Intelligent Insurer speaks to four cedants to gain their perspective. 1 September 2012
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