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Insurance
Peak Reinsurance Company, the Hong Kong-based reinsurer, has secured approval from the Swiss Financial Market Supervisory Authority (FINMA) to establish a subsidiary in Zurich. 23 December 2016
Insurance
Cunningham Lindsey, a provider of claims management services, has appointed a new chief executive in Malaysia. 22 December 2016
Insurance
Verisk Insurance Solutions has completed an agreement with Duck Creek Technologies that will enable Duck Creek customers to access the Verisk Data Exchange – a programme that scores drivers and can be used to determine an appropriate premium. 22 December 2016
Insurance
As India opens its market to international reinsurers, the Insurance Regulatory and Development Authority of India (IRDAI) expects foreign reinsurers to secure final clearance to open branches soon and several to be operational within six to nine months. 20 December 2016
Insurance
Two of the major rating agencies have reaffirmed the financial strength rating of Asia Capital Re in the aftermath of its parent, ACR Capital Holdings, being acquired by Chinese investment companies Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings. 16 December 2016
Insurance
Total economic losses from natural catastrophes and man-made disasters are estimated to be $158 billion in 2016, significantly higher than the $94 billion of losses such events caused in 2015, but insured losses were only around a third of this, according to Swiss Re’s latest sigma report. 15 December 2016
Insurance
XL Catlin has launched active assailant, loss of attraction and threat (ALT) insurance solution, which includes coverage for active assailant attacks on the operations of businesses and service providers. 15 December 2016
Insurance
Ratings agencies see the operating environment for reinsurers deteriorating in 2017 which could lead to negative ratings actions particularly for smaller players. 15 December 2016
Insurance
Pressure on the reinsurance business has been significant in 2016 due to a low interest rate environment and a soft market, but 2017 is likely to be even tougher and could lead to negative ratings actions, according to major rating agencies. 14 December 2016
Insurance
Guy Carpenter has promoted James Nash to a newly-created role of president of its international division. He will relocate to London and report to the president and chief executive officer Peter Hearn. 13 December 2016
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