Articles
Insurance
With implementation of the European General Data Protection Regulation looming, companies could be faced with hefty penalties should they not meet the new data security demands. Many firms are unprepared but there is also the possibility the fines could be insured, meaning this is now a double-edged sword for insurers. Intelligent Insurer investigates. 27 July 2017
Insurance
Re/insurer SCOR had a profitable second quarter in 2017, which it attributes to a low amount of natural catastrophe losses. 27 July 2017
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Vanessa Maxwell as head of professional indemnity and cyber insurance, and Tom Dilley as head of financial institutions in Southern Europe. 27 July 2017
Insurance
The European Union Financial Affairs Sub-Committee has launched a new inquiry into the future of financial regulation and supervision post Brexit. 27 July 2017
Events
Insurance group Ageas has reached an agreement with BNP Paribas Cardif to sell its 50 percent +1 share in the share capital of its Italian non-life operations Cargeas Assicurazioni (CARGEAS). 27 July 2017
Insurance
New Zealand's Commerce Commission has declined to grant clearance to Suncorp subsidiary Vero Insurance to acquire up to 100 percent of the shares in general insurer Tower. 26 July 2017
Insurance
Chubb’s net income for the second quarter of 2017 came to $1.3 billion, a 79.6 percent increase on the $726 million it made in the same period of 2016. 26 July 2017
Insurance
Qatar Insurance Company's (QIC) gross written premiums grew by 14 percent in the first half of 2017, which the company said reflects its steady and systematic expansion across its global and regional target markets, lines of business and client segments. 26 July 2017
Insurance
Swiss Re has signed a reinsurance agreement with Bansabadell Vida, the life joint venture of Zurich Insurance and Spanish banking group Banc Sabadell, to reinsure its individual life risk portfolio for an amount of €683.7 million, as a reinsurance commission. 25 July 2017
Insurance
Copenhagen-based specialty non-life insurer Gefion has closed a private placement of €10 million Solvency II-compliant subordinated notes, with funds managed by Fermat Capital Management. 25 July 2017
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