Articles

Insurance

Probitas 1492 opens office in Mexico

Lloyd's underwriting syndicate Probitas 1492 has opened a regional office in Mexico City to serve the Latin American markets.   29 January 2018

Alternative Risk Transfer

Dutch pension fund plans to boost ILS investments

PGGM, the Dutch pension fund manager overseeing assets of nearly €200 billion ($248 billion), is looking to increase its allocation to insurance-linked securities (ILS), according to a Jan. 26 Reuters report.   29 January 2018

Insurance

Blockchain could cut insurers’ admin costs by 30%; B3i goes commercial

Blockchain technology could reduce re/insurer’s administrative costs by up to 30 percent by making transactions faster and more efficient, according to Ken Marke, director for strategy and business development at Ageas Group and chief marketing officer of B3i.   29 January 2018

Insurance

Scottish Re starts sale/restructuring for Cayman units

Bermuda-based life reinsurance specialist Scottish Re Group has started the implementation of a sale and restructuring plan for its Cayman Islands subsidiary, Scottish Annuity & Life Insurance Company (SALIC), and its US subsidiary, Scottish Holdings (SHI).   29 January 2018

Insurance

Chubb prepares for cooperation with Chinese giant PICC

Chubb has made changes within its senior leadership team following a strategic cooperation agreement with PICC Property & Casualty Company of China.   29 January 2018

Insurance

Analysts positive on AIG-Validus deal

American International Group’s (AIG’s) plan to take over Bermuda-based Validus Holdings has triggered positive comments from market observers.   23 January 2018

Insurance

QBE warns of $1.2bn FY 2017 loss

Australia’s QBE has warned the markets that it expects to report a full year 2017 after tax loss of around $1.2 billion due to catastrophe losses, reserve strengthening and write-downs.   23 January 2018

Insurance

Talanx acquires Liberty Mutual's Turkish unit

The Germany-based group Talanx is acquiring 99.4 percent of the shares in Liberty Sigorta, the Turkish non-life subsidiary of US-based Liberty Mutual Group.   23 January 2018

Insurance

Beazley boosts European growth with Aon and Chubb hires

Specialist insurer Beazley has strengthened its international specialty lines teams across Europe with a series of hires from Aon, Chubb and Tokio Marine, among others.   23 January 2018

Insurance

California’s Thomas Fire insured losses at up to $2.5bn

The Thomas Fire that affected the Southern California counties of Ventura and Santa Barbara in December 2017 has caused insured losses of between $1 billion and $2.5 billion, according to estimates by data analytics firm RMS.   23 January 2018

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