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Broker JLT said on Aug. 24 that its unit JLT Philippines signed a cooperation agreement with global reinsurer Munich Re to jointly develop and offer an insurance solution to cover typhoon/tropical cyclone risks for the Philippines. 24 August 2017
Insurance
Direct Insurance London Market, the Lloyd’s division of specialist broker Direct Insurance Group, has reached agreement to take on Alwen Hough Johnson’s Latin American facultative business and hire two of its senior executives as it targets growth in that region. 22 August 2017
Insurance
Munich Re Syndicate at Lloyd’s said on Aug. 21 that it has introduced an insurance solution to cover cyber exposure for the independent oil and gas sector. 21 August 2017
Insurance
Cyber insurance is increasingly becoming a growth driver for German commercial insurer HDI Global, according to CEO Christian Hinsch. 21 August 2017
Insurance
Lobby group Insurance Europe has responded to a European Commission call for evidence on the operation of collective redress arrangements in the European Union. 21 August 2017
Insurance
The Lloyd’s Market Association (LMA) said on Aug. 21 that it has established a political risk working group to examine implications of banking regulations. 21 August 2017
Insurance
Specialist reinsurance broker Capsicum Re said on Aug. 21 that it appointed Steven Rance to lead a new business division focussing on mortgage indemnity reinsurance. 21 August 2017
Insurance
London-based re/insurance legacy specialist Compre said on Aug. 21 that it has acquired a further legacy portfolio from major Norwegian insurer Gjensidige Forsikring ASA (Gjensidige). 21 August 2017
Insurance
Opportunities in the US mortgage business have provided reinsurers with some respite from deteriorating business conditions in traditional property casualty (P&C) reinsurance lines, but margins are tightening, according to an S&P Global Ratings report. 21 August 2017
Insurance
Indian initial public offerings (IPOs) are headed for a record year, as a rush of insurers seek to ride a rally in the local market and tap increasing investor demand for financial assets, according to an Aug. 20 Bloomberg report. 21 August 2017
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