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Insurance
Specialist insurer Tokio Marine HCC has reached a definitive agreement to acquire the medical stop-loss operations of American International Group (AIG), through its wholly owned subsidiary HCC Life Insurance Company. 3 October 2017
Insurance
India’s state reinsurer GIC Re which is planning to float on the stock exchange wants to grow the reinsurance business outside India to reach around 50 percent of its total gross premiums from currently 30.53 percent. 10 August 2017
Insurance
UK-based life insurance group Prudential said on Aug. 10 that it is merging its Prudential UK & Europe unit with its asset manager M&G to form a leading savings and investments business. 10 August 2017
Insurance
The acquisition of Bermuda-based Endurance has lifted Sompo Holdings’ overseas profit between April and June 2017, helping to improve the consolidated results. 10 August 2017
Insurance
UK insurer RSA has appointed Anny Khaitan as chief operating officer for its global risk solutions (GRS) business. 9 August 2017
Alternative Risk Transfer
Mapfre Global Risks, the unit of Spain’s insurance firm Mapfre that specialises in providing insurance solutions for multinationals, has appointed Kieran Wilson as energy underwriter as part of its international growth strategy in London. 9 August 2017
Insurance
The overall impact of catastrophe losses on property rates was muted at the January 1, 2019 reinsurance renewals, according to Guy Carpenter. 14 January 2019
Insurance
Industry veteran Ted Blanch wants and intends his new venture, a reinsurance broker that will be part-owned by its clients, to be a disruptive force in the industry, he told PCI Today. 30 October 2018
News
Swiss Re corporate solutions has appointed Jim George to the role of global head of claims. He succeeds Nicola Parton, who is now the head primary lead strategy and client engagement. 15 February 2017
Insurance
Allied World Assurance Company has appointed Karsten Buescher as assistant vice president of onshore construction in Australia. 15 February 2017
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