Articles
Insurance
The Hanover Insurance Group is "exploring strategic alternatives" for its international specialty business, including a sale of its Lloyd's insurance unit Chaucer. 29 March 2018
Insurance
Swiss Re is reportedly close to sealing a deal which will see Japanese conglomerate SoftBank acquiring a 25 percent stake in the reinsurer, according to a March 28 Bloomberg News report citing "people familiar with the matter". 29 March 2018
Insurance
The sale of National Bank of Greece’s (NBG’s) 75 percent holdings in subsidiary Ethniki General Insurance to EXIN Financial Services Holding fell through, driving NBG to seek alternative options for the insurance unit. 29 March 2018
Insurance
Specialty re/insurer Canopius has appointed Rebecca Marsden as credit and political risk underwriter. 29 March 2018
Insurance
Risk management services firm Hanover Stone Solutions has established a new practice to help senior insurance company executives design and implement a strategic planning process. 29 March 2018
Insurance
Zurich UK, a subsidiary of Zurich Insurance Group, is acquiring Oak Underwriting from RSA Insurance. 28 March 2018
Insurance
The UK’s flood insurance scheme Flood Re will not pass on to insurers the annual increase in premium thresholds for the first time. 28 March 2018
Insurance
Bermuda-based Third Point Re has not made an underwriting profit in the past five years but CEO Robert Bredahl has now revealed a strategy to improve underwriting performance and push the combined ratio below 100 percent. 28 March 2018
Insurance
The former chairman of Anbang Insurance Group, Wu Xiaohui, is being accused by a Shanghai court of masterminding a ¥65.2 billion ($10.4 billion) fraud, using unauthorised sales of investment-type policies to prop up the acquisitive company’s capital, according to a March 28 Bloomberg News report. 28 March 2018
Insurance
Genworth Financial, a US-based insurance holding company, and China Oceanwide Holdings Group have agreed to a fourth waiver and agreement of each party's right to terminate the previously announced merger. 28 March 2018
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