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Alternative Risk Transfer
The decision by Munich Re to pull the plug on its recent catastrophe bond Queen Street X Re is not indicative of any wider uncertainty in the insurance-linked securities (ILS) markets with investor demand still robust at the right price. 4 July 2014
Insurance
The Siam Commercial Samaggi Insurance, an Ace Group company, has appointed Khun Nittaya Piriyathamwong as its new managing director. 4 July 2014
Insurance
UK insurer RSA has agreed to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solutions for £71 million, as it seeks to tighten the strategic focus of the group. 3 July 2014
Insurance
Broker Jardine Lloyd Thompson (JLT) has acquired a 26 percent stake in Independent Insurance Brokers (IIB). 3 July 2014
Insurance
The Hartford has completed the sale of its Japanese annuity subsidiary, Hartford Life Insurance KK (HLIKK), to ORIX Life Insurance, a subsidiary of ORIX Corporation for $963 million. 2 July 2014
Insurance
New Zealand insurance company Tower has sold its remaining life business, Tower Life (NZ), to Foundation Life, for NZ$36 million ($31.5 million). 1 July 2014
Insurance
The global market for short-term trade credit insurance is worth more than $10 billion and its growth is being driven by non-European markets. 1 July 2014
Insurance
Ironshore’s Australian subsidiary Ironshore Australia will not acquire Australia’s Assetinsure. 30 June 2014
Insurance
The Chinese motor insurance industry faces imminent risks of further deregulation in commercial (i.e. non-mandatory) motor insurance premiums, in addition to competitive pressure. 30 June 2014
Insurance
The volume of business between Lloyd’s and China will grow substantially over the next decade, according to Lloyd’s Chairman John Nelson. 30 June 2014
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