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Insurance
The Indian government raised about 98 billion rupees ($1.5 billion) on Oct. 13 by selling some of its shares in the nation’s top reinsurer General Insurance Corp of India (GIC Re), Reuters reported on the same day. 16 October 2017
Insurance
Indian reinsurer GIC Re is preparing to launch an IPO. Chairman-cum-managing director Alice G Vaidyan explains the reasons behind it and the company’s plans for the months ahead to PCI Today. 15 October 2017
Insurance
Australian insurer Suncorp has appointed Gary Dransfield as the new CEO of insurance, replacing Anthony Day who has decided to leave the company after serving for almost 10 years. 12 October 2017
Insurance
Property/casualty insurer Chubb has appointed Edward Rayfield as head of casualty in Singapore. 12 October 2017
Insurance
China’s regulator has banned China’s Bohai Life Insurance from providing financial aid “in any form” to HNA Group in the next six months while it improves its corporate governance, Reuters reported on Oct. 12. 12 October 2017
Insurance
State-owned General Insurance Corp of India’s (GIC Re) is expected to raise 113.7 billion rupees ($1.7 billion) in an initial public offering to run from Oct. 11. and Oct. 13, 2017 as it plans to grow internationally. 5 October 2017
Insurance
Tokio Marine Holdings said on Sept. 29 that chief executive of Tokio Marine Asia Arthur Lee has resigned with effect on Sept. 30, 2017. 29 September 2017
Insurance
The insured property market loss for tropical storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, has reached A$1.658 billion ($1.3 billion), according to PERILS. 28 September 2017
Insurance
Property/casualty insurer Chubb has appointed Louisa Lombardo as head of diversity and inclusion (D&I) for Europe, Eurasia and Africa. 27 September 2017
Insurance
Broker Willis Towers Watson has appointed Sampath Soysa as claims manager – Northern and Southern region Australia, within its Corporate Risk and Broking (CRB) team. 27 September 2017
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