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The complexity of climate change combined with models that contain uncertainties is not an excuse to do nothing, says Thierry Cohignac, deputy director of reinsurance and public funds at CCR. 25 May 2022
Insurance
The former chairman of China Insurance Regulatory Commission (CIRC) Xiang Junbo has been formally charged on suspicion of taking bribes, Reuters reported on April 16. 17 April 2018
Insurance
Florida-based Universal Insurance Holdings is passing the expected $300-350 million gross losses and loss adjustment expenses from hurricane Michael almost entirely to its reinsurance panel. 25 October 2018
Insurance
American International Group (AIG), Hamilton Insurance Group, and affiliates of Two Sigma Investments, have entered into a non-binding memorandum of understanding (MoU) to form a joint venture that will establish a technology-enabled, customer-centric insurance platform for the small to medium-sized enterprise (SME) market. 27 April 2016
Insurance
The Indian market remains the core of GIC Re’s business and it is growing fast, but the reinsurer is increasingly capitalising on opportunities overseas as well, as Alice Vaidyan of GIC Re told Monte Carlo Today. 8 September 2019
Insurance
Netherland-based insurer Aegon has completed its divestment transaction with Wilton Re, a company focused on the North American life insurance market. 29 June 2017
Insurance
Driven by strong growth of tourism, insurers see an opportunity to expand their travel insurance business and experts expect more M&A activity in this segment after Zurich agreed to buy an Australian travel insurer. 14 December 2016
Insurance
Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to the third annual US Property & Casualty Insurance Market Report by S&P Global Market Intelligence. 29 June 2017
Insurance
Lloyd’s accredited Pioneer Underwriters has launched a new property excess and surplus (E&S) and hired David Phillips to lead the team based in Alpharetta, Georgia. 6 November 2017
Insurance
Bermudian Endurance Specialty has appointed Adrian Poxon to launch a global marine and energy reinsurance business. 6 August 2014
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