News
Insurance
Allianz Global Corporate & Specialty (AGCS) is considering establishing a branch in India as it attempts to manage the growing trend in Asia of protectionist regulatory measures that favour local reinsurers, Mark Mitchell, regional chief executive officer for Asia at AGCS, told SIRC Today. 31 October 2017
Insurance
Global mergers and acquisitions’ activity has been “well below average levels recorded in the 2000s-era” in terms of both deal value and deal count, CreditSights analysts said in an Oct. 29 research note. 30 October 2017
Insurance
As London takes the first steps towards being able to issue its own ILS deals, Intelligent Insurer assesses the potential of the new ILS framework and discovers that some market participants are bullish about its ability to gain traction quickly. 25 October 2017
Insurance
The advent of new technologies is likely to revolutionise the maritime industry, but may create a more challenging environment for marine insurers, Dieter Berg, president of IUMI, tells Intelligent Insurer. 24 October 2017
Insurance
Bermuda-based specialty P&C re/insurer Sompo International Holdings said on Oct. 19 that it has launched a new strategic partnership in Africa to access new markets. 19 October 2017
Insurance
German insurer Allianz has reached an agreement to sell part of its traditional life insurance portfolio in Taiwan to China Life Insurance. 19 October 2017
Insurance
Italian insurer Assicurazioni Generali has announced on Oct. 18 that its board of directors has resolved to terminate the working relationship with group chief insurance officer Valter Trevisani by mutual agreement. 19 October 2017
Insurance
Insurance intermediary Brown & Brown is cautiously optimistic in property pricing, seeing pricing developments flat (admitted markets) to +5 percent (excess & surplus markets) post recent hurricanes, according to a Morgan Stanley Oct. 17 analyst note. 19 October 2017
Insurance
Multi-line insurer Zurich Insurance group said on Oct. 19 that it expects aggregate claims in the third quarter of 2017 related to hurricanes Harvey, Irma and Maria, for the group’s property & casualty business, to be approximately $700 million net of reinsurance and before tax. 19 October 2017
Insurance
Bermuda-based Blue Capital Reinsurance Holdings said that it expects third-quarter catastrophe losses of $57.5 million, net of reinsurance and reinstatement premiums. 19 October 2017
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