Articles
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
Insurance
Global reinsurers are piling into India in search for growth, but this is likely to increase competition in an already soft market, according to experts speaking to Intelligent Insurer. 6 February 2017
Insurance
Despite the soft market, Hannover Re has increased its growth targets for 2017 on the back of what it has described as a healthy pipeline of structured deals. Following a strategy its larger competitor Swiss Re promoted in 2016, Hannover Re is now also focusing on this segment. 3 February 2017
News
German reinsurer Hannover Re is refocusing its property/casualty business in terms of which regions and lines of business it will focus as it looks to avoid markets where rates are particularly unattractive. 2 February 2017
Insurance
Risk Solutions group ACR Capital Holdings has completed the acquisition of its Asia Capital Re Malaysia and ReTakaful subsidiaries. 2 February 2017
Insurance
JLT Re has appointed William Pang as managing director to spearhead its entry into the Philippines market as the company looks to grow further in the Asia-Pacific region. 30 January 2017
Insurance
Sompo Canopius has appointed Andy Fynn as mining engineer under the head of heavy industry Spencer Pearce. 30 January 2017
Insurance
Australia’s QBE Insurance Group has denied that it was in discussions with Germany’s Allianz or any other potential buyer for a potential M&A deal in a Jan. 30 official statement. 30 January 2017
Insurance
Pricing is the biggest threat to reinsurers’ profitability as combined ratios suggest that the industry is getting close to reporting underwriting losses, according to Fitch Ratings. 27 January 2017
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