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Insurance
Insurer American International Group (AIG) has entered into a ten year strategic bancassurance agreement with Bank Muscat, a financial services provider in Oman. 14 April 2014
Insurance
PartnerRe Wholesale, PartnerRe’s new wholesale entity offering financial lines insurance coverage, has entered into a strategic partnership with Chedid Re, one of the largest reinsurance brokerage companies in the MENA region. 14 April 2014
Alternative Risk Transfer
Strong levels of investment-linked securities (ILS) issuance are expected in the second quarter of 2014 as issuers benefit from reduced spreads, improved speed to market and more flexible terms. 11 April 2014
Insurance
A new aviation consortium has been established in Lloyd’s Asia to write general aviation insurance and reinsurance risks based in the Asia-Pacific and Middle East Regions. 11 April 2014
Insurance
Catastrophe modelling firm AIR Worldwide has begun integrating third-party catastrophe data and models within its Touchstone risk modelling software platform. 10 April 2014
Insurance
ACE Group, a global property and casualty insurer, has established a global property engineering unit to provide global engineering risk management services. 10 April 2014
Insurance
Energy insurance buyers will benefit from renewed competition and a softening of energy insurance at their mid-year policy renewals. 9 April 2014
News
The levels of both traditional and alternative reinsurance capital increased in 2013, creating a level of competition of business that is beneficial to reinsurance buyers. 9 April 2014
Alternative Risk Transfer
Underwriting discipline could nosedive as levels of alternative capacity intensify, according to a report by rating agency AM Best. 7 April 2014
News
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
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