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Insurance
Insurance Australia Group (IAG) AU$1.85 billion takeover of Wesfarmers insurance underwriting business has received the required regulatory approvals. 23 June 2014
Insurance
The New Zealand Earthquake Commission has increased its reinsurance cover to NZ$4.5 billion, up from NZ$3.25 billion last year. 23 June 2014
Insurance
Ergo, the primary insurance arm of reinsurer Munich Re, will buy property/casualty insurer SHC Insurance for €66 million, extending its presence in South East Asia. 20 June 2014
News
Rating agency Moody’s has lowered its outlook on the global reinsurance sector to negative, citing an oversupply of capacity, new entrants in the form of non-traditional capital, more substitute products, low interest rates, and greater bargaining power of buyers. 19 June 2014
News
Peak Reinsurance, the multi-line Hong Kong based reinsurer, has appointed Helen Qian Mei Hong as director for the China market. 18 June 2014
Insurance
QBE Insurance has merged its Latin American and Asia-Pacific operations to create an emerging markets division. 17 June 2014
News
Peak Reinsurance Company, the Hong Kong based reinsurer, has delivered an encouraging set of financial results for 2013, its first full year of underwriting operations. 17 June 2014
Insurance
XL Group has strengthened its fine art and specie team in Asia with the transfer of senior underwriter, Paul Le Boutillier, from London to its Singapore office. 13 June 2014
Insurance
Catastrophe risk management firm RMS has expanded its Asia Pacific presence with a new Singapore office. 10 June 2014
News
Hong Kong-based reinsurer Peak Reinsurance has been granted a licence to underwrite long term reinsurance business by the Office of the Commissioner of Insurance of Hong Kong. 4 June 2014
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