Articles
Insurance
Re/insurer QBE Australia and New Zealand has appointed Jon Fox as the executive general manager (EGM) of claims, and Andrew Corbett as general manager of its fully owned subsidiary Elders Insurance. 21 March 2017
Insurance
Insurance assets for sale in the UK due to Solvency II and demand for acquisitions in Asia Pacific (APAC) are set to drive M&A activity in 2017, according to accounting and advisory firm KPMG. 17 March 2017
Insurance
While Munich Re is currently shrinking its share of traditional reinsurance business, due to the current soft market, it is also investing in technology to create alternative growth opportunities through the coverage of new risks and advisory for risk prevention. 16 March 2017
News
PhilNaRe, the National Reinsurance Corporation of Philippines (NRCP), has confirmed that Jeffrey Lacson, its vice president and head of finance, has resigned from the company with effect from March 20. 16 March 2017
Insurance
The China Insurance Regulatory Commission (CIRC) has introduced system that will require foreign reinsurers to deposit funds with unaffiliated domestic commercial banks in a move that it said will mitigate the credit risk arising from foreign carriers operating in the country. 14 March 2017
Insurance
Hong Kong-based pan-Asian life insurance group AIA has announced that its group CEO and president Mark Tucker is set to retire from his executive positions with the company and its subsidiaries. 13 March 2017
Insurance
Risk modelling company RMS has expanded its services in the Asia-Pacific region with the launch of agriculture risk models in India and China. 13 March 2017
Insurance
Hong Kong-based Peak Re has created a unit in Zurich to benefit from Solvency II equivalence and sees growth potential in proportional reinsurance business in Europe. 13 March 2017
Insurance
Dubai-based re/insurer International General Insurance Holdings (IGI) has recorded lower gross written premiums and net profits for 2016, but management claims to “view future prospects with optimism.” 13 March 2017
Insurance
Hong Kong-based Peak Re is able to grow profitably in the current soft market because its lean cost structure allows it to be more competitive on pricing, head of underwriting Lawrence Cheng, told Intelligent Insurer. 10 March 2017
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