Insurance
-
Tokio Marine reshuffles boardroom to pursue overseas M&A
Japan’s largest property and casualty (P&C) insurer Tokio Marine has announced a series of executive appointments and signalled an intention…
-
Insurers praised for coal policy but Arthur J Gallagher under fire after Reuters probe
As result of efforts to tackle climate change, three (re)insurers – Allianz, AXA and Swiss Re – have been listed…
-
Insurance used to seal private-public partnership in Ivory Coast energy sector
The Ivory Coast government has restructured the debt of a nationally owned oil refinery, using an insurance instrument. Ivory Coast’s…
-
Waypoint receives Lloyd’s approval as A&H coverholder for ArgoGlobal
Waypoint Underwriting Management has obtained coverholder approval to underwrite accident and health (A&H) products on behalf of ArgoGlobal Syndicate 1200…
-
GFIA responds to OECD cyber insurance project
The cyber insurance market is a key resiliency tool, which continues to grow as insurers innovate to address consumer needs…
-
2018 nat cat losses deliver costliest back-to-back years for insurers ever: Aon
Insured nat cat losses of $90bn last year were the fourth highest on record, with 2017 and 2018 proving the…
-
AGCS opens new Indian branch office in Mumbai
Allianz Global Corporate & Specialty (AGCS) has opened its new branch office in Mumbai, having received the necessary reinsurance licence…
-
Indian insurance market growth supported by evolving regulatory regime, says Moody’s
Growth in India’s insurance and reinsurance sectors is continuing to be supported by India's strong economy and evolving regulatory regime,…
-
CNIL imposes financial penalty of €50m against Google LLC: What can we learn?
On Monday 21 January 2019, French regulator the National Data Protection Commission (CNIL) imposed a fine of €50m against Google…
-
Denmark launches new maritime cyber strategy
Denmark has launched a new cyber strategy for the maritime industry, in response to the rising threat from cybercrime and…
-
Companies set to transfer pension risk to insurers
The transfer of corporate pension liabilities to the insurance market is set to accelerate, ultimately reducing pension risks for UK…
-
Iran prepares to welcome foreign insurers
Foreign insurers are reportedly lining up to establish reinsurance operations in Iran, according to the country’s top insurance official. Head…
-
Kenyan tourism industry likely to suffer in wake of Dusit terror attack
International investors may well be re-assessing their Kenyan portfolios in the wake of the Al-Shabaab attack on the Dusit hotel…
-
Chubb’s Q4 cat losses total $585m
Chubb has estimated cat losses of $585m, or $505m after tax, for the fourth quarter of 2018, with California wildfires…
-
AXA XL transfers European subsidiary to Dublin
AXA XL has completed the transfer of XL Insurance Company from the UK to Dublin, where it will become the…
-
HDI appoints Allianz’s McDonald as UK MD
HDI Global has appointed Claire McDonald as managing director of its UK and Ireland operations. Ms McDonald will join HDI…
-
Zurich UK extends BAE anti-fraud partnership
Zurich UK is extending its partnership with BAE Systems, which has developed systems to identify and prevent insurance fraud and…
-
Lloyd’s pushes ahead with crackdown on badly performing business
Lloyd’s is pushing ahead with plans to reduce poor-performing business and will introduce risk-based oversight of syndicates in 2019. The…
-
Japan’s big three non-life insurers report first-half results
Japan’s three major non-life insurance groups have reported an aggregate 20.8% fall in net income to JPY122.3bn in the first…
-
Underwriting gain for US property/casualty insurers after 2017 loss
US property and casualty (P&C) insurers saw a sharp turnaround in fortunes in the first nine months of 2018, turning…