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Insurance
Insurance penetration rates in emerging markets can be accelerated by insurers who correctly use the very latest risk models and mapping data available to the industry, as this approach allows them to easily and accurately price risk even in relatively undeveloped markets. 8 September 2015
Insurance
Mitsui Sumitomo Insurance Company’s ¥634.7 billion (£3.4 billion) deal to acquire Amlin Insurance is a deal driven by both economic conditions in Japan and pressures on the global re/insurance market and could work for both parties. 8 September 2015
Insurance
Despite a challenging environment for reinsurers, with fierce competition leading to declining prices, rating agency Standard & Poor’s (S&P) said that it does not expect to see much rating actions over the next year. 8 September 2015
Insurance
Mitsui Sumitomo Insurance Company will acquire Amlin Insurance for ¥634.7 billion (£3.4 billion), the company has confirmed. Charles Philipps, chief executive of Amlin, said the deal would provide Amin with the “financial muscle” and scale to succeed long term. 8 September 2015
Insurance
Run-off insurer DARAG has expanded its international business by appointing a new chief executive officer (CEO) for the group’s Maltese risk carrier as well as two country managers. 8 September 2015
News
French reinsurer SCOR has secured an upgrade from Standard & Poor's (S&P) to AA- in part because of its ability to resilience in the face of pricing pressures and its ability to also defend its market share. 8 September 2015
Insurance
Tokio Marine Kiln (TMK), a provider of specialist and corporate insurance, has appointed Marion Schmidt as aviation underwriter in the firm’s Frankfurt office. 8 September 2015
Insurance
The share price of insurer Amlin has jumped by more than 30 percent today (Tuesday September 8) on the news that its board are in advanced talks which could see the firm acquired by Mitsui Sumitomo of Japan. 8 September 2015
Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) has published an updated progress report regarding Bermuda’s Solvency II equivalence assessment. 7 September 2015
Insurance
Hiscox has appointed Eva Berg-Winters as head of its UK claims team. 7 September 2015
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