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Five global reinsurers have secured a final licence from the Insurance Regulatory and Development Authority of India (IRDAI) to commence business operations in India. 3 January 2017
Insurance
Claims management firm Cunningham Lindsey has opened an office in Tokyo, and appointed Yutaka Tada to lead and manage the firms’ operations in Japan. 3 January 2017
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
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