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Insurance
Starr Companies is introducing commercial primary auto coverages in all provinces and territories in Canada. 18 October 2017
Insurance
While reinsurers are no longer obliged to have a branch or subsidiary on the other side of the Atlantic to be able to operate there after the implementation of the EU-US Covered Agreement, they are likely to keep the local units, according to ratings agency AM Best. 18 October 2017
Insurance
Broker Willis Towers Watson has appointed Neil Irwin as the new leader of the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region. 16 October 2017
Insurance
The Indian government raised about 98 billion rupees ($1.5 billion) on Oct. 13 by selling some of its shares in the nation’s top reinsurer General Insurance Corp of India (GIC Re), Reuters reported on the same day. 16 October 2017
Insurance
S&P Global Ratings has announced that it expects US property/casualty (P/C) insurers’ credit to be resilient in the face of hurricanes Harvey, Irma and Maria (HIM) in its latest rating report. 16 October 2017
Insurance
More reinsurers and insurers have released details of their third quarter catastrophe losses, reflecting the extent to which they were exposed to losses stemming from the recent hurricanes to make landfall in the US. 15 October 2017
Insurance
Tokio Marine Holdings said on Oct. 13 that it expects pre-tax incurred losses (net of reinsurance) attributable to Hurricanes Harvey, Irma and Maria, and the earthquakes in Mexico, of approximately ¥65.0 billion ($580 million). 13 October 2017
Insurance
China’s regulator has banned China’s Bohai Life Insurance from providing financial aid “in any form” to HNA Group in the next six months while it improves its corporate governance, Reuters reported on Oct. 12. 12 October 2017
Insurance
Bermuda-based specialist insurer Hiscox said on Oct. 11 that it plans to increase the 2018 capacity for Syndicate 33 at Lloyd’s by £450 million to £1.6 billion, driven by improving market conditions. 11 October 2017
Insurance
Germany’s Allianz said on Oct. 10 that Carsten Quitter will become Allianz group chief investment Officer (Group CIO) and, as managing director, will take over as co-lead of Allianz Investment Management (AIM) on January 1, 2018. 11 October 2017
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