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Insurance
Impact Forecasting, Aon Benfield’s catastrophe model development team, has licensed its loss calculation platform ELEMENTS to both MS&AD Insurance Group Holdings, the Japanese insurance company and its group company InterRisk Research Institute & Consulting. 18 February 2016
Insurance
Insurance Australia Group (IAG) has appointed Elizabeth Bryan as its chairman, effective 31 March 2016. 18 February 2016
Insurance
The remaining US sanctions on Iran are negatively impacting the risk appetite for Iran-related business, according to 85 percent of London market insurance professionals. 15 February 2016
Insurance
Suncorp Group, the Australian general insurance, banking and life insurance firm, has reported a fall in its profits for the six months to 31 December, 2015. It made A$530 million ($376 million), compared with A$631 million for the same time period the previous year. 12 February 2016
Insurance
Endurance Global Weather, part of Endurance Specialty, has completed an innovative, multi-year wind hedging transaction that protects Meridian Energy Australia, an Australian electricity supplier, against fluctuations in its earnings due to the weather. 11 February 2016
Insurance
Antares Asia, a member of the QIC Group, has expanded its underwriting team. 10 February 2016
Insurance
Brit is opening an office in Singapore after the global specialty insurer gained approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore (MAS). 10 February 2016
Insurance
IAG, the multinational insurance company, has appointed Scott Grove as group general manager, reinsurance. 9 February 2016
Insurance
The explosions that took place in the Port of Tianjin, China, in 2015 caused the biggest man-made losses ever in Asia, according to the International Union of Marine Insurance (IUMI). 5 February 2016
Insurance
The acquisition of insurer Amlin by Mitsui Sumitomo Insurance Company, (MSI), a wholly-owned subsidiary of MS&AD Insurance Group Holdings, has been completed. 1 February 2016
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