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Insurance
American International Group is to sell its interest in Ascot Underwriting Holdings and related syndicate-funding subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board (CPPIB), which invests the assets of the Canada Pension Plan.   19 September 2016
Insurance
Reinsurance prices are set to remain under pressure in the upcoming renewals season and reinsurers should be willing to shed business if it’s unlikely to deliver targeted returns, Juan Beer, global head of group reinsurance at Zurich, told Intelligent Insurer.   16 September 2016
Insurance
Willis Towers Watson has appointed Andrew Boal as regional head of Australasia, following the departure of chairman and CEO Tony Barber, who has now moved to JLT.   16 September 2016
Insurance
A UK inquiry into Solvency II (S2) and the impact of post-Brexit change is likely to look closely at capital requirements for annuities and at potential risks for reinsurers if future UK rules are not considered equivalent to S2, Fitch Ratings has said.   15 September 2016
Insurance
The European Parliament has voted to object to the regulatory technical standards (RTS) for the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation.   15 September 2016
Insurance
Sompo Canopius Re, the reinsurer formed last year to manage reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance, has revealed plans to enter new business lines.   14 September 2016
News
India reinsurer GIC Re enjoyed growth of 21.4 percent last year (in the 12 months to March 31, 2016) and anticipates similar levels of growth in the next period driven by both international expansion and growth in its domestic market, Alice Vaidyan, chairman-cum-managing director, GIC Re, told Monte Carlo Today.   14 September 2016
Insurance
Touriga Risk, a specialist managing general underwriter, is aiming to launch its underwriting capacity at Lloyd’s by December 15, 2016, following the redomiciling of its business to London from Texas in June.   14 September 2016
Insurance
Possibly the biggest single talking point of Monte Carlo 2016 has been the surprise and somewhat bizarre rebranding of broker Cooper Gay as Ed.   14 September 2016
Alternative Risk Transfer
The buyer for UnipolSai Assicurazioni, one of Italy’s largest insurers, has said he will not be pressing reinsurers for the lowest possible conditions in this renewals as he prefers to establish long-term strategic partnerships with a much smaller panel of reinsurers.   13 September 2016

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