Articles
Insurance
The European Commission has approved the acquisition of Chaucer by China Reinsurance Group Corporation on December 18. 19 December 2018
Insurance
Tropical cyclone Owen is forecast to move towards the Queensland coast in Australia and may reach category 3 intensity by Thursday morning, December 13, according the country’s Bureau of Meteorology. 12 December 2018
Insurance
Australia-based insurer QBE is implementing measures targeting more than A$200 million ($144 million) in gross cost savings by 2021. 11 December 2018
Insurance
Australia-based QBE has reduced catastrophe retention and increased protection against catastrophe severity in its 2019 reinsurance programme. 11 December 2018
Alternative Risk Transfer
Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction. 10 December 2018
Insurance
The Insurance Regulatory Authority of India (IRDA) has rejected the proposal of Prem Watsa-owned Fairfax India Holdings to acquire India-based reinsurance firm ITI Reinsurance, according to a December 4 report by the Indian Express. 6 December 2018
Insurance
American International Group (AIG) has appointed Sachin Shah as chief executive officer (CEO) of Asia Pacific, AIG General Insurance. 5 December 2018
Insurance
Broker Arthur J Gallagher has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker IBS Re Singapore. 3 December 2018
Insurance
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Labuan Reinsurance. 30 November 2018
Insurance
RKH Specialty, part of the Hyperion Insurance Group, has appointed Julian Franzman as head of marine cargo, hull and liabilities for Asia Pacific. 29 November 2018
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