Articles
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
Insurance
Despite lower profits and stagnating growth in its property/casualty (P&C) business, SCOR remains confident about achieving its targets through growth in its US P&C business and its global life business. 28 October 2016
Insurance
XL Group enjoyed a big increase in its profits in the third quarter in 2016 and substantial growth in its reinsurance property/casualty operations thanks to new business in Asia Pacific. 27 October 2016
Insurance
An increase of megacities will create a flurry of new insurance distribution forms and buying groups and create new challenges due to an aggregation of risk which some insurers may fail to cope with, according to Allianz Global Corporate & Specialty. 26 October 2016
Insurance
Life insurance companies in Japan have increased their allocations into foreign-currency-based investments over the past five years, currently accounting for 22 percent of total invested assets compared with 15 percent in 2011, according to an AM Best briefing. 26 October 2016
Insurance
The market will likely show more discipline in the forthcoming renewals as reinsurers feel the pain of series of catastrophe losses this year, which have hit the half-year results of many, Nick Orton, underwriter, international, Hiscox Re, told Baden-Baden Today. 25 October 2016
Insurance
Genworth Financial, the US financial services company with substantial insurance operations, has become the latest insurer to be acquired by investors from Asia. It has been acquired by China Oceanwide for approximately $2.7 billion. 25 October 2016
Insurance
JLT Re has appointed Stephen Punch as managing director of Asia Pacific for regional clients and retrocession, based in Sydney. 25 October 2016
Insurance
Munich Re will continue to reduce its participation or walk away completely from transactional reinsurance business that it regards as under-priced in favour of doing bigger, bespoke, individual deals with clients—an area where it has enjoyed growth in recent years, Ludger Arnoldussen, member of the management board at Munich Re with responsibility for Germany, Asia Pacific and Africa Division, told Baden-Baden Today. 24 October 2016
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