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Insurance
AM Best has placed under review with negative implications the financial strength rating of B- (Fair) of Standard Insurance Company, JSC (Standard) (Kazakhstan), provider of life and health, motor vehicle, fire, and liability insurance products. 1 February 2016
Insurance
Re/insurer Munich Re will acquire 23.27 percent of the shares of Apollo Munich Health Insurance from its joint venture partner, the Apollo Hospitals Group, India – increasing its stake from 25.5 percent to 48.75 percent. 26 January 2016
News
GIC Re, India’s national reinsurer, has appointed Alice Vaidyan as its new chairman and managing director (CMD), replacing acting CMD K Sanath Kumar. 25 January 2016
News
XL Catlin has begun the licensing process to establish a reinsurance branch in India. 22 January 2016
Insurance
QBE Australia has made three key leadership appointments within its intermediary distribution (ID) business. 22 January 2016
Alternative Risk Transfer
Paul Schultz, chief executive officer at Aon Securities, looks at the regional opportunities that exist for the ILS market and claims that the US is still the main leader when it comes to ILS business as it heads into 2016. 21 January 2016
Insurance
AM Best has expanded its managing team for the Asia-Pacific region by appointing former Lloyd’s executive Jose Ribeiro as managing director and Qatarlyst CEO James Sutherland as commercial director. 21 January 2016
Insurance
XL Catlin’s insurance segment has opened its third office in Australia, located in Brisbane. 20 January 2016
Insurance
Pembroke Managing Agency, subsidiary of insurer Ironshore International will establish an office in Shanghai in January 2016 as part of the Lloyd’s China platform. 13 January 2016
Insurance
For the first time in Australia, insurer IAG has used drones to view damage caused by the devastating bushfires in the Great Ocean Road area. 12 January 2016
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