News
Insurance
Non-life insurance-linked securities (ILS) issuance reached a record breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year. ILS assets under management (AUM) also continue to grow alongside fierce competition from investors. 1 August 2017
Insurance
Mapfre reported substantial increases in both its direct insurance and accepted reinsurance in the second quarter of 2017, which it attributes to the performance of its Latin American businesses. 27 July 2017
Alternative Risk Transfer
As the size of its economy grows, Russia is increasingly vulnerable to the devastating effects of a big catastrophe hitting the country. To manage these growing risks, the country’s governments and insurers should consider the many advantages of using insurance-linked securities, say Kirill Savrassov of Phoenix CRetro, Clive O’Connell of McCarthy Denning, and Rom Aviv of IBI ILS Partners. 27 July 2017
Insurance
With implementation of the European General Data Protection Regulation looming, companies could be faced with hefty penalties should they not meet the new data security demands. Many firms are unprepared but there is also the possibility the fines could be insured, meaning this is now a double-edged sword for insurers. Intelligent Insurer investigates. 27 July 2017
Events
Insurance group Ageas has reached an agreement with BNP Paribas Cardif to sell its 50 percent +1 share in the share capital of its Italian non-life operations Cargeas Assicurazioni (CARGEAS). 27 July 2017
Insurance
New Zealand's Commerce Commission has declined to grant clearance to Suncorp subsidiary Vero Insurance to acquire up to 100 percent of the shares in general insurer Tower. 26 July 2017
Insurance
Ironshore’s Pembroke Managing Agency has launched a project cargo consortium to serve the Lloyd’s China platform, offering a capacity of up to $178 million. 26 July 2017
Insurance
Swiss Re has signed a reinsurance agreement with Bansabadell Vida, the life joint venture of Zurich Insurance and Spanish banking group Banc Sabadell, to reinsure its individual life risk portfolio for an amount of €683.7 million, as a reinsurance commission. 25 July 2017
Insurance
UK general insurer Allianz has appointed John Berry to the role of director of underwriting and technical, personal lines. 25 July 2017
Insurance
Lloyd's underwriting syndicate DTW1991, which was established by Randall & Quilter Managing Agency (R&Q) in January 2013, has appointed John Cowell as senior underwriter, and Ed Colville as underwriter in its UK and international underwriting team. 25 July 2017
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