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Insurance
London-based managing general agent (MGA) Pen Underwriting has extended its strategic relationship with re/insurer QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the area of hazardous goods and environmental industries. 16 November 2017
Insurance
China's decision to ease restrictions on foreign ownership of financial institutions will likely pave the way for foreign insurers, fund managers and securities to invest in or compete with China's firms. 16 November 2017
Insurance
Representative bodies including the Property Casualty Insurers Association of America (PCI) have welcomed a vote by the House of Representatives that will reauthorize the National Flood Insurance Program (NFIP) with some amends. 15 November 2017
Insurance
Property/casualty insurance technology provider Xceedance has made a multi-million dollar Series A equity investment in London-based blockchain specialist ChainThat. 15 November 2017
Insurance
Bermuda-based PartnerRe plans to double its market share in Latin America within the next three to five years, the head of Latin America Humberto Cabrera, told FIDES Today. A prerequisite for the expansion is that the growth is profitable, Cabrera noted. 15 November 2017
Insurance
Reinsurance rates in the Latin American region are sometimes lower than those in Europe, making it difficult for Sompo to justify the deployment of capital to the region. 15 November 2017
Insurance
In the aftermath of recent natural disasters in the region, a new study on the landscape of microinsurance sheds light on its potential for building resilience among the poor. 15 November 2017
Insurance
High growth potential for the Latin American insurance market has attracted global re/insurers and brokers to the region through mergers & acquisitions (M&A), despite weak recent economic growth, according to consultancy firm EY. 15 November 2017
News
“The trend of multinational ingress into the region seems to be waning, with some big insurance companies having sold, or being in the process of selling, their operations, due to less than satisfactory performance.” This is the opinion of James Grieve, senior vice president at SCOR Reinsurance, speaking to Intelligent Insurer. 15 November 2017
Alternative Risk Transfer
The series of earthquakes that took place in Mexico in September and their impact on the Fonden catastrophe (cat) bond may sour the appetite of insurance-linked securities (ILS) investors going forward. 15 November 2017
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