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Insurance
The China Insurance Regulatory Commission (CIRC) has introduced system that will require foreign reinsurers to deposit funds with unaffiliated domestic commercial banks in a move that it said will mitigate the credit risk arising from foreign carriers operating in the country. 14 March 2017
Insurance
Berkshire Hathaway should buy insurance giant AIG, which has recorded a $3 billion loss for the fourth quarter of 2016, prompting the CEO to resign, analysts at Keefe, Bruyette & Woods (KBW) suggested in a March 10 research note. 13 March 2017
Insurance
Dubai-based re/insurer International General Insurance Holdings (IGI) has recorded lower gross written premiums and net profits for 2016, but management claims to “view future prospects with optimism.” 13 March 2017
Insurance
Fitch Ratings has revised its sector outlook for the UK non-life company insurance market to negative from stable after a harsh drop in the personal injury Ogden discount rate. 9 March 2017
Insurance
American International Group’s (AIG) US casualty business resulted in a $3 billion loss in the fourth quarter of 2016 and in the resignation of CEO Peter Hancock. 9 March 2017
Insurance
Insurers have welcomed the investments included in Chancellor Philip Hammond’s Spring Budget announced today,March 8, 2017, but the Insurance Premium Tax remains an issue for the industry. 8 March 2017
Insurance
Admiral has said that its 2016 profit before tax was £284.3 million in 2016, a drop of 25 percent compared to 2015. 8 March 2017
Insurance
Integro's UK operation leaders, John Sutton and Toby Humphreys, have resigned from the brokerage and risk management firm after 11 years with the company. 8 March 2017
Insurance
Widespread adoption of autonomous vehicles will completely transform the motor insurance sector in the long term as liability shifts towards manufacturers and the traditional risk pool shrinks, according to Fitch Ratings. 8 March 2017
Insurance
Barbican Protect, the UK insurance arm of Barbican Insurance Group, has appointed Martin Eyres as underwriting director. 8 March 2017
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