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Insurance
World Bank’s political risk arm appoints two
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank, has made two appointments.   9 April 2014
Insurance
Total hull losses fall to record low
The percentage of total hull losses fell to a record low, according to statistics released by the International Union of Marine Insurance (IUMI).   9 April 2014
Insurance
Reinsurers offer more multi-class, multi-year deals
Reinsurers are increasingly offering more complex, multi-class, multi-year deals in an attempt to set themselves apart from the intense competition in the market while others are moving into speciality lines and considering mergers & acquisitions.   9 April 2014
News
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
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
Insurance
AJG acquires Wesfarmers operations
Arthur J Gallagher has signed an agreement to acquire the Wesfarmers insurance brokerage operations.   7 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
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

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