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After selling the claims business of Direct Group for £36 million earlier this month, UK intermediary Ardonagh Group has revealed that it is selling its commercial managing general agency (MGA) businesses to Arch UK Holdings for up to £31 million. 1 November 2018
Insurance
Various markets such as Indonesia and India have a level of insurance sector protectionism, and more needs to be done to remove barriers to entry in order to reduce the insurance gap in Asia, says Philip Chung of S&P Global Ratings. 31 October 2018
Insurance
There has been an uptick in mergers and acquisitions (M&A) in re/insurance, with large deals such as AIG-Validus and AXA-XL making recent headlines. 30 October 2018
Insurance
The China market holds great growth opportunities for insurers and reinsurers but it is also competitive and full of challenges, says Eunice Tan of S&P Global Ratings. 30 October 2018
Alternative Risk Transfer
Singapore is looking to establish itself as an insurance-linked securities (ILS) hub in Asia to take advantage of rising market demand, George Attard, chief executive officer Asia for Aon’s Reinsurance Solutions business, told SIRC Today. 30 October 2018
Insurance
Cyber, alternative capital and shifting government risk into the private sector will be some of the talking points at PCI—as will Aon’s changes to its brand, George deMenocal of Aon’s Reinsurance Solutions US business tells PCI Today. 30 October 2018
Insurance
The US workers’ compensation market remains profitable for insurers, but pricing pressure on rates will inevitably erode performance, according to a report by Fitch Ratings. 30 October 2018
Insurance
The re/insurance industry is facing a structural shift as a consequence of the impact of technology, but not every insurtech venture and vendor will be successful, Stefan Holzberger, chief rating officer at AM Best, told delegates at PCI yesterday. 30 October 2018
Insurance
India remains a land of opportunity for reinsurers—but those that collaborate and innovate will benefit the most, says Devesh Srivastava, general manager of GIC Re. 29 October 2018
Insurance
The underwriting performance of motor insurers in China has been further polarised since the introduction of motor de-tariffication in 2016, which is transforming the market, Christie Lee, director and head of analytics for North East Asia at AM Best, told SIRC Today. 29 October 2018
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