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Miller hires treaty exec from China Taiping
Broker Miller has appointed Joe Ng, formerly deputy general manager at China Taiping Group, to a treaty reinsurance business production role in Hong Kong.   8 April 2014
Insurance
Genworth seeks IPO of Australian unit
US financial services company Genworth Financial has unveiled plans to sell as much as 40 percent of its Australian insurance business through an initial public offering (IPO).   8 April 2014
Alternative Risk Transfer
Underwriting discipline wanes as ILS intensifies
Underwriting discipline could nosedive as levels of alternative capacity intensify, according to a report by rating agency AM Best.   7 April 2014
Insurance
Japanese snowstorm losses surpass $1bn
The insured losses from the snowstorms in Japan in February have surpassed $1 billion despite early estimates predicted at nearly half of that.   7 April 2014
Insurance
AJG acquires Wesfarmers operations
Arthur J Gallagher has signed an agreement to acquire the Wesfarmers insurance brokerage operations.   7 April 2014
News
Willis Re hires Swiss Re exec in Asia
Willis Re has appointed an experienced executive from Swiss Re to head up its life and health operations in Asia-Pacific, Middle East, Turkey and Africa (APMETA).   7 April 2014
Alternative Risk Transfer
Tokio cat bond will encourage Japanese issuers
The recently closed $245 million catastrophe bond issued by Tokio Marine & Nichido Fire Insurance could prompt other big Japanese insurers to also tap the insurance linked securities (ILS) markets as an alternative means of risk transfer.   4 April 2014
Insurance
AJG acquires New Zealand broker
Broker Arthur J Gallagher has acquired Mike Henry Insurance Brokers (MHIB), headquartered in Auckland, New Zealand.   4 April 2014
News
New Zealand’s electricity captive downgraded
AM Best has downgraded the financial strength rating of the captive used by Transpower New Zealand, the state-owned, sole operator of New Zealand’s electricity grid.   3 April 2014
Alternative Risk Transfer
First ILS-based fund-of-funds launched
The world’s first fund-of-funds dedicated solely to investing in insurance-linked securities (ILS) has been launched by ILS Advisers, an Asia-based investment consultant focused exclusively on ILS deals.   2 April 2014

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