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Insurance
Cooper Gay (Australia) has launched a new wholesale division for the Australian insurance market. 17 January 2014
Insurance
Re/insurers faced natural catastrophe losses of $45 billion in 2013 – 22 percent lower than the ten-year average of $58 billion and the lowest total since 2009, according to Aon Benfield’s Impact Forecasting. 14 January 2014
Insurance
ACE will acquire a 60.9 percent stake in Siam Commercial Samaggi Insurance, a general insurance company in Thailand, from Siam Commercial Bank. 13 January 2014
Insurance
Nationale Suisse’s new Singapore branch has received a licence allowing it to insure risks directly and to offer facultative reinsurance in Singapore and other Asian markets. 10 January 2014
Alternative Risk Transfer
QBE Insurance Group has completed a $250 million cat bond which is the first such deal to cover Australian perils for a primary insurance company on an indemnity basis. 8 January 2014
Insurance
Bermuda-based re/insurer Catlin, has formed a Singapore branch of Catlin Insurance Company. The branch, effective January 1, 2014, will be managed by Catlin Singapore Pte, Catlin’s current Singapore-based underwriting operation, and will write specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region. 7 January 2014
News
Insurance Australia Group (IAG) has increased its catastrophe reinsurance protection for the calendar year commencing 1 January 2014 by $600 million – saying it has done so because of “favourable reinsurance market conditions”. 3 January 2014
Insurance
Asia Capital Reinsurance Group (Asia Capital Re) has appointed Raymond Cheung as chief risk officer, to oversee and drive the company’s Enterprise Risk Management (ERM) programme. 20 December 2013
Insurance
Canopius, the privately-owned re/insurance group which operates from Lloyd’s, has responded to rumours that it is to be bought by Japanese insurer Sompo for £600 million 16 December 2013
Insurance
Kiln, which is part of Tokio Marine, has appointed Christian Kolmberger as head of construction and engineering. 12 December 2013
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