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Insurance
Munich-based Allianz has appointed Giulio Terzariol as chief financial officer (CFO), succeeding Dieter Wemmer, whose contract ends at the end of 2017. 10 March 2017
Alternative Risk Transfer
Reinsurance broking and consultancy provider JLT Re said that the reinsurance rate decline accelerated in the 1 June 2017 renewal, falling for the sixth consecutive year. 2 June 2017
Insurance
As interest and investment in the insurtech sector rapidly grows, many executives increasingly believe that what was once considered hype around this sector’s potential to transform re/insurance will now become a reality. 11 September 2017
Insurance
The frequency of major vessel casualties rose in 2016 for the second consecutive year, according to the International Union of Marine Insurance. 7 April 2017
Insurance
The total transaction volume of insurtech merger and acquisitions (M&As) in Asia hit $460 million in 2017, more than three times that of 2016, as industry incumbents and new entrants to the market pushed towards greater digitalization, according to the fourth Quarterly InsurTech Briefing from Willis Towers Watson. 9 April 2018
Insurance
It is targeting a top 10 reinsurance spot on a global basis but GIC Re understands that, especially in continental Europe, reinsurance is a long-term relationship-driven game. Lucky then that the Indian company is itself a long-haul player and will be patiently awaiting any opportunities, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
Insurance
Despite the soft market, Hannover Re has increased its growth targets for 2017 on the back of what it has described as a healthy pipeline of structured deals. Following a strategy its larger competitor Swiss Re promoted in 2016, Hannover Re is now also focusing on this segment. 3 February 2017
Insurance
UK-based insurance intermediary Towergate Insurance recorded a loss before interest, taxes, depreciation and amortisation in the first quarter of 2017 after a profit in the same period a year ago. 9 May 2017
Insurance
As India opens its market to international reinsurers, major foreign players are applying for licences to take advantage of the country’s strong growth potential. But they will encounter a fairly soft market with prices likely to depreciate further due to the additional inflow of capacity, and a paramount state-run competitor, experts believe. 13 October 2016
Insurance
Broker Willis Towers Watson has strengthened its global FINEX business with several key leadership appointments. 20 April 2017
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