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Insurance
Fosun builds war chest for more insurance acquisitions
Fosun International, the Chinese investment company with substantial stakes in companies including Peak Re and Ironshore, has raised some HK$9.3 billion ($1.2 billion) from a share sale with the intention of funding more acquisitions in the insurance sector.   13 May 2015
Insurance
Growth in Asia will boost London-Singapore ties
The rising demand for financial services in Asia offers many opportunities for London and Singapore to strengthen their connections for sustainable insurance growth, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS) told the Insurance Institute of London in a speech at Lloyd’s yesterday (Tuesday May 12).   13 May 2015
Insurance
Lloyd’s would be “fool-hardy” to ignore emerging hubs, says Beale
Inga Beale, the chief executive of Lloyd’s, challenged the notion that the growth of global business hubs such as Singapore could be damaging to the London market, and Lloyd’s in particular, in a speech in Singapore today (Tuesday May 12).   12 May 2015
Insurance
M&A surge still well short of pre-crisis levels
Merger and acquisition (M&A) activity in the insurance industry is rising although the number of deals still remains well below levels seen before the financial crisis, Swiss Re's latest sigma study has shown.   12 May 2015
Insurance
Australian cat losses will hit non-life earnings
A string of recent natural catastrophe events in Australia is expected to materially affect non-life insurers’ upcoming earnings for the fiscal year that ends June 30, 2015, according to AM Best.   12 May 2015
Insurance
Amlin's reinsurance chief steps down
Kevin Allchorne, the global managing director of Amlin's global reinsurance division, has stepped down from the role for personal reasons but remains with the company.   11 May 2015
Insurance
Target non-traditional business to grow: IGI
Re/insurer International General Insurance (IGI), a Dubai-based insurance group with operations in Bermuda and London, recently posted a solid set of results for the first quarter of 2015.   11 May 2015
Insurance
Global insurance rates declined in Q1
Global insurance rates declined in the first quarter of 2014, driven largely by a continued softening in property rates, according to Marsh’s latest Global Insurance Market Quarterly Briefing.   11 May 2015
Insurance
Disposals boost profits at RSA
Profits at RSA were boosted by gains from disposals in the first quarter of 2015, the company said, while group premium income also improved on the back of its restructuring programme.   8 May 2015
Insurance
Insured losses will be minimal following Nepal earthquake
Rating agency AM Best has released a new briefing which looks at the impact on the insurance industry, following the earthquake that struck Nepal on April 25, 2015.   8 May 2015

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