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Insurance
Willis Towers Watson’s grows its role as a provider of actuarial consulting solutions in Australia by entering a definitive agreement to acquire Russell Investments' Australian actuarial practice. 16 February 2017
Insurance
Allied World Assurance Company has appointed Karsten Buescher as assistant vice president of onshore construction in Australia. 15 February 2017
Insurance
Non-life and life insurer Tokio Marine Holdings grew net income attributable to owners of the parent by 26.1 percent to ¥ 228.1 billion yen ($2.01 billion) in the nine months ended December 2016 compared to the same period a year ago. 14 February 2017
Insurance
American International Group (AIG) owned Japanese general insurance companies AIU and Fuji Fire and Marine have set their merger completion date to January 1, 2018 to form a new company that will start operating on a consolidated basis from April 1. 14 February 2017
Insurance
While Hannover Re has increased its growth and profit targets for 2017, Munich Re has suggested that it will earn less in 2017 than in 2016. However, the impression that Hannover Re is in better shape than its German competitor may be deceiving. 9 February 2017
Insurance
Talbot Underwriting, a wholly owned subsidiary of Validus, has launched three enhanced Lloyd’s led terror facilities in the Singapore, Latin American and Dubai markets. 9 February 2017
Insurance
Broker Willis Towers Watson has appointed Kevin Angelini as head of strategy in its insurance consulting and software business in Asia Pacific. 9 February 2017
Insurance
Canada-based Fairfax Financial Holdings, a property and casualty re/insurer, has agreed to acquire New Zealand-based general insurer Tower for an all-cash deal. 9 February 2017
Insurance
Re/insurer XL Catlin has opened a new office in Gurgaon, India, to house its shared services operations, which provide vital underwriting support, claims administration, actuarial services, finance and accounting for XL Catlin’s teams across the world. 9 February 2017
News
Global reinsurers are piling into India in search for growth. A number of foreign reinsurers have recently received approval to open a branch in India. The list includes Swiss Re, Munich Re, Lloyd’s, Hannover Re and XL Catlin. 6 February 2017
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