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Insurance
London-based managing general agent (MGA) Pen Underwriting has extended its strategic relationship with re/insurer QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the area of hazardous goods and environmental industries. 16 November 2017
Insurance
China's decision to ease restrictions on foreign ownership of financial institutions will likely pave the way for foreign insurers, fund managers and securities to invest in or compete with China's firms. 16 November 2017
Insurance
Commercial insurance provider CNA has appointed Al Miralles to replace Mark Verheyen as its new chief risk officer (CRO). 16 November 2017
Insurance
The insured property losses caused by extratropical Cyclone Xavier is estimated at €291 million, according to the initial estimate released by the European catastrophe insurance data provider PERILS. 16 November 2017
Insurance
Re/insurance legacy specialist Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz Versicherungs for an undisclosed sum. 16 November 2017
Insurance
Net income attributable to Aon shareholders was $185 million in the third quarter of 2017 compared to $319 million in the same period a year ago as operating income falls and restructuring costs bite. 27 October 2017
Insurance
Property/casualty insurer Chubb said on Oct. 26 that it reported a net loss for the third quarter of $70 million after recording pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, of $1.89 billion in the quarter. 27 October 2017
Insurance
Bermuda-based Validus Holdings said on Oct. 26 that it reported a net loss attributable to shareholders of $250.4 million for the three months ended September 30, 2017. 27 October 2017
Insurance
Japan-based Toa Reinsurance Company (Toa Re) and Barbican Insurance Group said on Oct. 27 that they have received ‘in principle’ approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be backed exclusively by Toa Re. 27 October 2017
Insurance
Reinsurance Group of America (RGA) said on Oct. 26 that it reported third-quarter net income of $227.6 million, up from $198.7 million in the same period a year ago. 27 October 2017
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