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Insurance
The next five to 10 years will be a golden period for the Chinese insurance industry, Jianzhong Pan, chairman & CEO of China Zenith Insurance Brokers, told EAIC Today. 12 October 2016
Insurance
Both the CEO Mike Dashfield and chairman Göran Thorstensson of Sirius International Managing Agency (SIMA), the Lloyd’s managing agency of Sirius, will be stepping down from their positions at the end of the year. 11 October 2016
Insurance
ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has appointed Louisa Honeybun as senior livestock underwriter, effective immediately. 11 October 2016
Insurance
Specialist insurer Markel International has appointed Chris O’Shea as head of reinsurance claims. 10 October 2016
Insurance
Reinsurers’ underwriting performance declined in the first half of 2016 due to higher natural catastrophe losses – and the negative trend is set to continue into 2017, according to Fitch Ratings. 10 October 2016
Insurance
The Delta Lloyd supervisory and executive boards have rejected NN Group's takeover proposal as the company believes that the financial terms and conditions set out in NN Group's proposal are not satisfactory. 7 October 2016
Insurance
NN Group's takeover approach to Delta Lloyd reinforces Fitch Ratings' expectation that M&A insurance activity in Europe will accelerate, as well-capitalised firms seek growth through acquisition of rivals hit harder by Solvency II. 7 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
News
With the pressures as they are on both underwriting and investment returns, the London Market must modernise or lose business, argues Richard Clark, head of business development at Xuber, a part of CSC. 6 October 2016
Insurance
Lloyd’s of London chairman John Nelson reiterated the importance of re/insurers’ ability to transact business in the European Union (EU) in response to a speech by UK Prime Minister Theresa May. 5 October 2016
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