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Anti-corruption reforms and the lifting of sanctions have eased political risk in China and Iran, respectively, according to Aon Risk Solutions’ 2016 Political Risk Map for emerging markets. 8 March 2016
Insurance
Zurich Australia has entered into an agreement with Macquarie Group, the specialist investment banking and financial services firm, to acquire its life insurance business. 7 March 2016
News
AM Best has upgraded the financial strength rating of Asian Reinsurance (Thailand) to B+ (Good) from B (Fair). The outlook on the rating has been revised to stable from positive. 7 March 2016
Insurance
Generali Global Health, a subsidiary of Italian insurer Generali, has partnered with Dubai National Insurance and Reinsurance (DNIR) to launch an international health insurance product in the UAE. 3 March 2016
News
Singapore is likely to maintain its position as the pre-eminent re/insurance hub in Asia, despite the emergence of rival centres in the region, according to Axco Insurance Information Services. 2 March 2016
Insurance
QBE, the specialist commercial re/insurer, has reported slight increase to its profits in 2015, up 1 percent to A$807 million ($578.9 million), compared with 2014 results. 24 February 2016
Insurance
Insurance companies Towergate and Ageas and underwriter Arista have signed a major new strategic partnership which sees Ageas provide capacity for £60 million each year for the next five years across Arista’s commercial motor, property and liability products. 24 February 2016
News
Peak Reinsurance Company (Peak Re), the Hong Kong-based global reinsurer, has appointed Lawrence Cheng as head of underwriting, responsible for the company’s property and casualty product underwriting function and Iain Reynolds as head of analytics. 23 February 2016
Insurance
National Insurance Co, the state-owned general insurance company in India, has appointed K Sanath Kumar as chairman cum managing director (MD) until April 30, 2018. 22 February 2016
Insurance
Insurance Australia Group (IAG) has announced an innovative reinsurance transaction with US holding company Berkshire Hathaway that mitigates the group’s exposure to the Canterbury earthquakes and asbestos related liabilities. 19 February 2016
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