News

Insurance

Non-insurers pressure profits of European insurers: Moody’s

The European insurance sector faces challenges from non-insurance players which is likely to drive mergers and acquisitions (M&A) activity, according to a report by Moody’s.   19 November 2018

Insurance

FWD Group closes $3bn SCB Life acquisition deal; appoints new CEO from AXA

Asian insurer FWD Group has appointed David Korunić as the new chief executive officer for SCB Life Assurance Public Company (SCBLIFE), following the completion of its acquisition of SCBLIFE from The Siam Commercial Bank Public Company (SCB).   27 September 2019

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Lloyd's broker Tysers expands into Bermuda with Richard Tomkins at helm; move part of strategic growth plan

UK-based Lloyd's broker Tysers, part of Integro Insurance Brokers, has launched a hub in Bermuda under the leadership of Richard Tomkins, in a move aimed at expanding its global footprint and capitalising on the attractive market opportunities available on the island.   14 August 2019

Insurance

AM Best warns over cyber challenge for insurers

Cyber risk assessment and mitigation should be a top priority for insurers in their enterprise risk management (ERM) efforts, according to AM Best.   13 April 2018

Insurance

Spring floods cost French insurers €430m

A wave of floods and storms that hit France during the spring is estimated to have the country’s insurers some €430 million, Reuters reported on June 25 citing the FFA French insurance federation.   25 June 2018

Insurance

AXA closes $69m Emirates Re deal

AXA Group's specialist run-off acquirer and manager has completed the purchase of a 93 percent majority stake in Emirates Re, with a total of $69 million gross reserves.   18 September 2018

Insurance

Arch Insurance-backed insurtech MGA C-Quence launched in London

C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has been launched in London.   29 January 2019

Insurance

Chubb inks 15-year distribution deal with Banco de Chile

Insurer Chubb has entered into a 15-year life and general insurance distribution agreement with Banco de Chile, the largest bank based in Chile, to further expand its presence in the Latin American market.   28 January 2019

Insurance

Environmental risks are biggest ESG factors for insurers and reinsurers, especially in Asia-Pacific, Fitch heat map reveals

Environmental risks are the biggest ESG factor for insurers and reinsurers, and Asia-Pacific is the region of most concern.   17 September 2019

Insurance

Markel creates standalone marine/energy divisions as profit rises

Specialist insurer Markel International has created two new standalone divisions for marine and energy, and appointed Chris Fenn and Julian Samuel as managing directors of the businesses.   5 November 2018

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