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Continued market challenges will hinder the potential for positive rating actions and may translate into negative rating pressures in 2017, AM Best said as it is maintaining its negative outlook for the global reinsurance market. 13 December 2016
Insurance
Zurich has entered an agreement to acquire Cover-More, a provider of travel insurance and assistance solutions, to expand its travel insurance business. 12 December 2016
Insurance
Aviation renewals in November has shown a tightening of underwriting discipline, suggesting a change in soft market conditions. 12 December 2016
News
Women in Reinsurance (WiRE), a sub-committee of The Singapore Reinsurers’ Association (SRA) formed in September, organised a year-end networking event for businesswomen in the insurance industry. 9 December 2016
Insurance
The Credit Guarantee and Investment Facility (CGIF), an organisation that provides credit guarantees for local currency denominated bonds issued by companies from a range of countries in mainly South East Asia, has completed its first reinsurance deal in a move that will free up capacity to issue more guarantees. 7 December 2016
Insurance
A new state-backed reinsurer in Russia will hit the long-term growth potential of global reinsurers in the country, which will be forced to cede a percent of premium to the new entity even on existing long-term treaties. 7 December 2016
Insurance
The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer. 6 December 2016
Insurance
The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer. 6 December 2016
Insurance
SCOR Global Life has promoted Craig Ford to replace Marc Archambault as the chief executive officer of Asia-Pacific, effective immediately. 6 December 2016
Insurance
Korean Re has chosen re/insurance software provider Sequel's risk exposure and aggregation tool to help its offshore energy team manage accumulation risk. 6 December 2016
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