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Insurance
One of the key commitments of this year’s EAIC became clear to delegates as they registered for the conference yesterday (Tuesday October 11) and were given not booklets and brochures, but tablet computers containing the conference information. 11 October 2016
Insurance
While there is continued strength in established markets such as Japan and Australia, the emerging markets of Asia will be the key drivers of insurance sector growth in the medium term, Dr Tobias Farny, Munich Re’s chief executive Asia-Pacific, responsible for reinsurance non-life in Greater China, Korea and South East Asia, told EAIC Today. 11 October 2016
Insurance
Peak Re has entered into a managing general agency (MGA) agreement with NexAssure Agency to expand its presence in the warranty insurance market in Asia. 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
Deal volumes in mergers and acquisitions (M&A) are likely to be lower this year as merger activity takes a break because the industry is focusing on developing strategies and rebalancing portfolios in line with Solvency II rules. But there are many reasons to believe that activity is going to pick up again soon. 6 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
Insurance
Sirius International Insurance Group (Sirius Group) has made a series of appointments as part of an expansion of its global team. 5 October 2016
Insurance
Specialist re/insurance broker BMS Group has introduced a new construction unit, appointing Philip Maloney as managing director to act as head. 5 October 2016
Insurance
John Charman, the chief executive of Endurance, has stated the company’s acquisition by Sompo Holdings represents a critical move for the company to achieve the scale it needs to remain relevant and also said he had previously signalled he wanted to partner with a strong Asian partner. 5 October 2016
Insurance
Munich Re/HSB Ventures, the corporate venture capital arm of Munich Re, has made an investment in an insurtech start-up company set to launch the first on-demand insurance platform, to support the on-demand economy. 4 October 2016
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