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Insurance
India's GIC Re files for potential $1bn IPO
State-owned reinsurer General Insurance Corp of India (GIC Re) on Aug. 7 filed for an initial public offering (IPO) to be listed on the Bombay Stock Exchange and the National Stock Exchange of India.   7 August 2017
Insurance
Allied World CFO and chief actuary depart post Fairfax merger
Thomas Bradley, the chief financial officer (CFO) of Allied World Assurance Company Holdings, has left the company following its $4.9 billion acquisition by Canadian P&C re/insurer Fairfax Financial Holdings.   7 August 2017
Insurance
Former Sompo CEO joins UK insurtech REG
Former Sompo Canopius CEO Stuart Davies has joined the board of UK insurtech platform REG as a non-executive director.   7 August 2017
Insurance
Insurance Europe warns over protectionism in Indonesia, Turkey, Argentina
European re/insurance federation Insurance Europe warns over a range of protectionist measures in Indonesia, Turkey and Argentina.   7 August 2017
Insurance
Berkshire posts H1 underwriting loss as AIG deal weighs on results
Berkshire Hathaway has registered an underwriting loss for its insurance operations as the retroactive reinsurance agreement with AIG weighs on results.   7 August 2017
Insurance
CEO of Towergate owner Ardonagh mulls over IPO
The new UK insurance group The Ardonagh Group which combines Towergate, Autonet, Chase Templeton, Ryan Direct and Price Forbes may be sold or listed on the stock exchange, the CEO reportedly told The Telegraph in an Aug. 6 report.   7 August 2017
Insurance
Markel hires political risk underwriter from Sompo Canopius
Specialist insurer Markel International has appointed Alex Holcroft as political risk underwriter in Singapore.   7 August 2017
Insurance
Lloyd's syndicate Blenheim enters specialty reinsurance with Talbot hire
Blenheim, managed by Asta, has appointed John Cutts to develop a specialty reinsurance division within its Syndicate 5886 at Lloyd's.   7 August 2017
Insurance
Travelers completes $490m M&A deal with UK insurtech Simply Business
US property/casualty insurer Travelers has completed the acquisition of UK-based small and medium-sized enterprise (SME) insurance broker Simply Business.   7 August 2017
News
US Mutual Reinsurance Bureau CEO to retire; successor search begins
US-based Mutual Reinsurance Bureau (MRB) has launched the search for a successor to its current CEO Timothy Dorr, who has announced his plans to retire from the Illinois-based joint reinsurance association.   7 August 2017

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