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The China Insurance Regulatory Commission (CIRC) has introduced system that will require foreign reinsurers to deposit funds with unaffiliated domestic commercial banks in a move that it said will mitigate the credit risk arising from foreign carriers operating in the country. 14 March 2017
Insurance
The US Senate Banking, Housing and Urban Affairs Committee will today (Tuesday March 14) hold a hearing designed to examine how the National Flood Insurance Program (NFIP) can be reformed. 14 March 2017
Insurance
Specialist insurer Beazley has appointed Santiago Jaramillo as engineering focus group leader for the US and Latin America, based in Miami. 3 August 2017
Insurance
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Rahul Patel as an independent director of the firm. 3 August 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted José Ernesto Ospina, formerly LSM’s general manager for Colombia, to the newly-created role of LatAm reinsurance regional manager. 25 September 2017
Insurance
Tempcover, a UK-based online temporary insurance platform, has completed a £13.3 million management buy-out (MBO) backed by £7.5 million from Connection Capital, the specialist private client investment business alongside a £5.75 million debt package from Santander. 2 January 2018
Insurance
Sirius International Insurance Group is in negotiations to raise around $400 million in equity to help shoulder acquisitions and prepare for an IPO. 14 March 2018
Insurance
Broker Miller will acquire Alston Gayler and Co, an independent London market re/insurance broker specialising in multiple lines of business, from Nelson Holdings. 22 October 2018
Insurance
Total insured and uninsured loss for both residential and commercial properties caused by Hurricane Irma, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion, according to data provider CoreLogic. 20 September 2017
News
Willis Towers Watson's reinsurance business Willis Re has appointed Tom Wafer as chairman of its North America platform and Jeffrey Livingston as vice-chair, effective October 2017. 20 September 2017
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