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Insurance
Hamilton Re, the Bermuda-based property/casualty reinsurer of Hamilton Insurance Group, has agreed to acquire the renewal rights to Canopius Underwriting Bermuda's (Sompo Canopius) excess casualty insurance book of business. The transaction is expected to close mid-year. 24 April 2017
Insurance
The UK’s Financial Conduct Authority (FCA) is investigating potential misconduct within the aviation broking industry in the UK. 21 April 2017
Insurance
UK insurer Aviva has acquired the entire shareholding of its life insurance joint venture VietinBank Aviva Life Insurance (Aviva Vietnam) in a move that it said simplifies the group's operating structure in the region. 21 April 2017
Insurance
Changes from Washington DC in the form of trade, taxes, infrastructure and regulation could alter the dynamics of the commercial insurance market that have sustained prolonged soft market conditions, according to a Willis Towers Watson report. 21 April 2017
Insurance
Property/casualty insurer Chubb has appointed Matt Merna as chief operating officer (COO) of its North America major accounts division, which serves the risk management segment of large US and Canada-based companies. 21 April 2017
News
The General Insurance Corporation of India (GIC Re) has opened an office at International Financial Services Centre (IFSC) office in the country's western state of Gujarat. 21 April 2017
Insurance
Nirvana Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies MGA (managing general agent) formation platform to target media, technology and cyber liability risks. 21 April 2017
Insurance
Despite low interest rates, ample capital from long-term underwriters and growth in new and expanding entrants are keeping property/casualty insurance terms and conditions in the US at very competitive levels, according to a market update by broker Lockton. 21 April 2017
Insurance
Swizerland-based property and casualty re/insurer Allied World Assurance Company Holdings has included drones services to expand its risk management offerings. 21 April 2017
Insurance
While the results as reported by reinsurers show a declining trend, the underlying results, taking into account average cat losses, show how tight profitability in the sector really is, according to the most recent Reinsurance Market Report by Willis Re. 21 April 2017
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