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Hannover Re said on Sept. 21 that it expects nat cat events to exceed its large loss budget which is likely to result in the company missing its targeted €1 billion group net income in 2017. 21 September 2017
Insurance
Qatar Reinsurance Company has appointed Manik Sethi as chief executive of its Singapore branch. 1 November 2017
Insurance
Bermuda-based Qatar Reinsurance Company (Qatar Re) said on Oct. 31 that it appointed Manik Sethi as CEO of its Singapore branch. 31 October 2017
Insurance
The push towards digitisation and the advent of newer technologies such as driverless cars and artificial intelligence is leaving businesses more exposed to a cyber attack. 15 June 2017
Insurance
Australia-based QBE Insurance Group is replacing its group chief financial officer (CFO) Michael Ford who has assumed the role only in September 2017. 11 April 2018
Insurance
Japan-based Toa Reinsurance Company (Toa Re) and Barbican Insurance Group said on Oct. 27 that they have received ‘in principle’ approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be backed exclusively by Toa Re. 27 October 2017
Insurance
Independent specialty managing general agent (MGA) Nexus Group said in a statement that it has acquired specialist trade credit broker Credit Risk Solutions (CRS). 27 October 2017
Insurance
Troubled AmTrust Financial Services said June 9 that it has entered into agreements to sell 10,586,000 shares it owns in specialty personal lines insurer National General Holdings (NGHC) for approximately $211.7 million. 9 June 2017
Insurance
Reinsurance broker TigerRisk Partners has appointed Michael Wade, the Crown Representative for Insurance at the UK Cabinet Office and advisor to the Chancellor of the Exchequer on issues relating to Insurance Linked Securities (ILS). 5 September 2017
Insurance
Lloyd’s syndicates will be able to get business plans approved faster in the event of the next hard market if triggered by a single big event. 19 July 2017
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