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Insurance
Hong Kong-based reinsurer Peak Re has hired Christopher Lee as head of life and health to oversee its reinsurance business. He joins from Swiss Re. 17 November 2016
Insurance
Reinsurance broking and risk/capital management firm TigerRisk Partners has lured Xuejun Wang from Willis Re to join its Hong Kong subsidiary as chief executive, effective early December. 17 November 2016
Insurance
Sizable aftershocks of up to magnitude (M) 6.5 have hit New Zealand following the M7.8 earthquake that struck South Island near Hanmer Springs in mid-November. 15 November 2016
Insurance
Allied World Assurance has expanded its general casualty division in Asia with the appointment of Daphne Boon as vice president, head of general casualty (Asia) and Christie Huang as assistant vice president. 15 November 2016
Insurance
American International Group (AIG) has agreed to sell its Japan life insurance business, AIG Fuji Life Insurance (AFLI), to FWD Group, the insurance segment of Pacific Century Group. 15 November 2016
Insurance
US renewal rates remain competitive on average across all major lines of business in the third quarter of 2016, but US financial and professional liability lines experienced the lowest rate of decline and property lines experiencing the greatest rate of decline, according to Marsh’s Global Insurance Market Index covering the third quarter of 2016. 11 November 2016
Insurance
Hannover Re will target the same profit level for 2017 as in 2016 despite continuing price pressure in property/casualty and a low interest rate environment, it said in a November 10, 2016, results presentation. 10 November 2016
Insurance
Asia Capital Re (ACR) will be well positioned to target global growth following the acquisition of its parent company by two investment corporations owned by the Chinese government, according to Hans-Peter Gerhardt, group chief executive of ACR. 7 November 2016
Insurance
Local rules plus the effects of Solvency II may be limiting access of countries to the benefits of reinsurance, and this is a problem that needs fixing, says Frank Nutter of the Reinsurance Association of America. 3 November 2016
Insurance
Swiss Re will make its first pay-out under a pilot agreement to protect seven prefectures of Guangdong province, China's most populated economic hub, against the financial impact of natural disaster risk. 28 October 2016
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