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Insurance
Nine Merchants Re, which hopes to establish itself as a new Hong Kong-based reinsurer, is currently pending discussions with the Hong Kong regulator. 12 October 2016
Insurance
Aon Risk Solutions, the risk management business of Aon, has entered into an agreement to acquire all of risk management firm Stroz Friedberg, with the intent of creating a comprehensive cyber risk management advisory group. 12 October 2016
Insurance
Although in 2016 China experienced the worst flooding since the 1-in-100 flood event of 1998, the impact of the flood has decreased significantly, according to Aon Benfield. 12 October 2016
Insurance
Joining the NatCatDAX Alliance, which has been set up to help increase data availability for natural catastrophe insurance in Asia, represents a unique opportunity for PERILS to establish its presence in the Asia region, Eduard Held, head of products at PERILS, told EAIC Today. 11 October 2016
Insurance
As re/insurers seek opportunities for growth, a new report by Aon Benfield identifies two possibilities that are pertinent to Asia-Pacific and the wider markets: agriculture and the protection gap. 11 October 2016
Insurance
Tropical cyclones in September have cost the global economy over $4 billion dollars, according to Impact Forecasting’s Global Catastrophe Recap report. 7 October 2016
Insurance
Impact Forecasting, the catastrophe model development team of Aon Benfield, has enabled Unica Insurance to offer new flood insurance coverage from a catastrophe model created following the widespread flooding in Canada in 2013. 6 October 2016
Insurance
In the current challenging soft market and low interest rate environment, large re/insurance companies are in an advantageous position as they can better absorb the pressure and find alternative income sources. Search for scale is therefore likely to drive M&A activity in the coming years, Intelligent Insurer reports. 6 October 2016
Insurance
Specialist re/insurance broker BMS Group has introduced a new construction unit, appointing Philip Maloney as managing director to act as head. 5 October 2016
Insurance
JLT Re (North America) has appointed John Speckman as senior vice president, who will join the workers’ compensation and programmes practice and will be based in Stamford, Connecticut. 4 October 2016
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