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CRE People Moves
Argo appoints new leader for Latin America
Argo Group International has appointed Jorge Luis Cazar León to lead the company’s Latin America business, which includes insurance and reinsurance operations in Central and South America. He takes up…
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Africa
Uganda set to grow above regional average
One analyst reacting to the Uganda Budget 2017/2018 is confident growth will continue above the regional average. Alisa Strobel, senior economist, IHS Markit, sees the government’s effort to curb domestic…
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Benelux
AG2R La Mondiale and Zurich Eurolife in new partnership
AG2R La Mondiale Europartner is to transfer its existing book of international pension plan business to Zurich Eurolife S.A. AG2R La Mondiale Europartner is the Luxembourg-based subsidiary of AG2R La…
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Asia
New rates for New Zealand Fire Emergency Levy
The New Zealand Fire Service is planning to make various changes to its Fire Service Levy, as from 1 July 2017, according to Impendulo, a specialist in insurance premium tax…
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CRE Insurance
Surge in European insurance sector M&As expected, says Moody’s
Moody’s Investors Service believes a surge in mergers and acquisitions (M&A) and share buybacks could sweep Europe's insurance sector in 2017, with firms now considering both these options as a…
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CRE Insurance
European Banking Authority rejects merger with European Insurance and Occupational Pensions Authority
The European Commission’s suggestion of a possible merger of the European Insurance and Occupational Pensions Authority (EIOPA) and the European Banking Authority (EBA) has been rejected by the EBA, which…
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Captives
Legacy specialist Compre acquires SNC-Lavalin captive
Independent insurance and reinsurance legacy specialist Compre is to acquire Equinox CA Europe, a captive insurance company of global engineering and construction conglomerate SNC-Lavalin. The Ireland-based captive insured th... Want…
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CRE Insurance
Legoland owner cautious on terrorism effect
Loss of attraction risk, an aspect of business interruption, often comes to the fore when there are terrorist attacks. As the latest trading statement from Legoland owner Merlin Entertainments shows,…
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CRE People Moves
Neon acquires Guernsey-based Sapphire Underwriters
Neon, the Lloyd’s specialty insurer, has announced that it has reached an agreement to acquire Sapphire Underwriters from Heritage Group. Sapphire is a Guernsey-based Lloyd’s coverholder providing D&O, professional indemni...…
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CRE People Moves
New CEO for Ed Broking Germany unit Junge & Co
Junge & Co, part of the Ed Broking Group, has announced the appointment of Olaf Fölsch as CEO. He succeeds Ulfert Paulsen, who has retired from the position after more…
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Africa
Nigerian insurer sees premium income climb 13%
Nigeria’s leading insurance business, Leadway Assurance Company, has reported a 13% increase in gross premium income to NGN52.7bn in 2016, as its assets grew from NGN137.3bn in 2015 to NGN166bn in 2016.…
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CRE Risk Management
Brexit uncertainty increases for business
Even before last week’s UK general election, political risk analysts painted a gloomy picture of Brexit negotiations, in which business will have to plan for the UK crashing out of…
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Asia
Willis Towers Watson restructures global broking teams
Willis Towers Watson has put in place a new broking team for its corporate risk and broking (CRB) business headed by Philip Smaje, with substantial changes across Europe and the…
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CRE Insurance
Swiss Re report names top 20 emerging risk trends
Swiss Re has unveiled the top 20 emerging risks, naming reduced market access, regulatory fragmentation, the return of inflation and cloud services risk accumulation as the most immediate threats carrying…
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Climate Change
AXA Corporations Solutions warns of environmental risks under new French laws
AXA Corporate Solutions has warned large corporates operating in France about the risks of failing to meet new environmental laws. The insurers said that a new biodiversity law, which has…
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Analysis & Opinion
Parametric insurance: closing the protection gap in Asia
As a region, Asia is particularly prone to natural disasters and extreme weather events such as earthquakes, floods, droughts, heatwaves and tropical cyclones. According to a report published by the…
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Asia
Peak Re gets approval for Labuan branch
Hong Kong-based reinsurer Peak Re has been granted approval-in-principle by the Labuan Financial Services Authority to conduct general reinsurance business in the Malaysian island territory. Labuan has become a popular…
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Asia
Anbang chairman reported to be under arrest as China’s corruption crackdown continues
Embattled Chinese insurer Anbang Insurance Group has been forced to deny the disappearance of its chairman, amid reports that he has been detained by Chinese authorities as part of its continuing…
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Asia
Cyber and new regulations push risk management up APAC insurers’ corporate agenda
New regulatory and reporting requirements along with a widening range of risks such as cyber are helping to expand the role of the CFO within the Asia-Pacific insurance sector. During…
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Asia
Cyclone Debbie insured losses expected to peak at $900m
The total insured losses from Cyclone Debbie have reached $897m, with just a minimal amount of claims expected to trickle in. According to the Insurance Council of Australia (ICA), insurers…