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SCOR has been granted R2 authorisation by the Insurance Regulatory and Development Authority of India (IRDAI), which allows it to open a composite branch office in India to conduct life and property/casualty (P&C) reinsurance business. 9 November 2016
Insurance
Lloyd’s of London is set to establish a branch in Mumbai in 2017 after receiving approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), allowing it to provide onshore reinsurance service in India. 7 November 2016
Insurance
SCOR has expanded its group finance functions with the appointment of Ian Kelly as head of investor relations and Bertrand Bougon as head of group ratings and capital, as well as finance director of SCOR SE. 31 October 2016
Insurance
In 13 Western US states there are 1.8 million single-family homes designated as having extreme or high risk of wildfire damage, representing a combined total reconstruction cost value (RCV) of almost $500 billion, according to data from CoreLogic. 28 October 2016
Insurance
Despite lower profits and stagnating growth in its property/casualty (P&C) business, SCOR remains confident about achieving its targets through growth in its US P&C business and its global life business. 28 October 2016
Insurance
Profits at SCOR fell in the first nine-months of 2016 thanks to a higher number of natural catastrophes and a challenging macroeconomic environment. 27 October 2016
Insurance
The potential for hedge fund reinsurers may be waning as a challenging investment environment, a soft market and sophisticated clients challenge the business model. Intelligent Insurer reports. 25 October 2016
Insurance
SCOR is targeting becoming a top-end reinsurer in the US by size—an achievement that would see it match its position and market share globally—as it executes a long-term plan that will boost its presence in this market, Jean-Paul Conoscente, president and CEO of SCOR’s US P&C operations, told PCI Today. 25 October 2016
article
Against a backdrop of challenging market conditions driving more M&A in the industry, reinsurers must also keep a close eye on regulatory tensions, says Arno Junke, chief executive of Deutsche Rück. 23 October 2016
Insurance
It is targeting a top 10 reinsurance spot on a global basis but GIC Re understands that, especially in continental Europe, reinsurance is a long-term relationship-driven game. Lucky then that the Indian company is itself a long-haul player and will be patiently awaiting any opportunities, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
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