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Insurance
IAG prepares for higher reserve releases, raises FY 2017 margin guidance
Australian insurer IAG said on June 28 that a preliminary review of the financial year ending June 30, 2017, indicates reserve releases of at least 5 percent of net earned premium.   28 June 2017
Insurance
Suncorp beats $144m Fairfax deal to acquire New Zealand's Tower
Suncorp subsidiary Vero Insurance has won the battle to acquire New Zealand-based general insurer Tower, beating Fairfax Financial's $144 million all-cash offer.   27 June 2017
Insurance
AXA Hong Kong appoints new CEO
French insurer AXA said on June 26 that the company appointed Etienne Bouas-Laurent as CEO Hong Kong.   26 June 2017
Insurance
Trust Re hires Endurance exec to lead Labuan branch
Bahrein-based re/insurer Trust Re has appointed Kevin Quek as general manager for its Labuan, Malaysia licensed branch office.   26 June 2017
Insurance
Former Pen, SRS chief and CUO resurface at Australian Lloyd's underwriter
Australian-based cover holder Epsilon Underwriting Agency has appointed former SRS Underwriting Agency and Pen Underwriting chief executive, Paul Lynam, as its chairman.   21 June 2017
Insurance
Kaikōura earthquake claims reach NZ$1.8bn
The total value of insurance claims for the 14 November 2016 Kaikōura earthquake in New Zealand as at 31 May 2017 is NZ$1.84 billion (£1.06 billion) the Insurance Council of New Zealand reported on June 21.   21 June 2017
Insurance
QBE issues profit warning on emerging markets claims
Australia’s QBE Insurance Group has said on June 21 that “significantly higher than expected claims activity during the first five months of the year in emerging markets” will hit its interim and full year results.   21 June 2017
News
Australian Reinsurance Pool names new chair
The Australian government has appointed Ian Carson and Karen Payne to the Australian Reinsurance Pool Corporation (ARPC).   19 June 2017
Insurance
Lloyd’s may face conflict with members in emerging market embrace
Lloyd’s is losing market share in emerging markets including high-growth Asia and may face conflicts with members if it wants to regain business in the region, says Steve Jackson, partner at Rainmaker International, a Brokerslink specialty member.   14 June 2017
Insurance
Anbang Insurance Group chairman steps aside, purportedly detained
Anbang Insurance Group said on June 14 that its chairman Wu Xiaohui is stepping aside with a media outlet claiming that he has been detained.   14 June 2017

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