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Insurance
The insurance joint venture of Aviva, Chinese investment company Hillhouse Capital Management and tech firm Tencent Holdings is expected to start operating under its new corporate structure during the first half of 2018. 14 February 2018
Insurance
Insurance Australia Group (IAG) has raised its full-year 2018 reported insurance margin guidance to 15.5-17.5 percent, on back of an increase in reserve release expectations to around 3 percent of net earned premium (NEP) and a first half 2018 (Sept.-March) favourable credit spread impact. 14 February 2018
Insurance
US-based Prudential Financial (PFI) is acquiring a 13.1 percent stake in Hong Kong-based Peak Reinsurance Company via a wholly-owned subsidiary through an issuance of new shares. 13 February 2018
Insurance
Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s. 12 February 2018
Insurance
Re/insurer XL Catlin has appointed Phil Xue as chief executive officer of XL Insurance China. 12 February 2018
Insurance
Rongfeng Holding Group and a related party plan to acquire a majority stake in National Bank Of Greece's insurance unit Ethniki Hellenic General Insurance, according to a Reuters Feb. 12 report. 12 February 2018
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) has opened a new office in the Dubai International Financial Centre (DIFC), while naming Alessandro Cerase as its senior executive officer (SEO) and Neeraj Yadvendu as deputy SEO and head of third party lines for the Middle East. 12 February 2018
Insurance
The increasing appetite for Islamic insurance has led many investors to view the retakaful sector as a growth opportunity, but retakaful players have recently run into difficulty or have exited the market, according to a report by AM Best. 12 February 2018
News
Zurich-based reinsurance giant Swiss Re is in talks with Japanese conglomerate SoftBank Group regarding a potential minority investment in the reinsurer, according to a Feb. 7 statement. 8 February 2018
Insurance
The Insurance Council of Australia (ICA) has made three new appointments to its board of directors. 8 February 2018
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