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A report by rating agency Fitch found that several reinsurers will be significantly exposed to catastrophe events in 2012, after becoming financially weakened by events in 2011. 27 May 2012
Insurance
Rating agency AM Best has assigned ARABIA Insurance a financial strength rating of B++, and an issuer credit rating of bbb+. 26 May 2012
News
The Dubai Financial Services Authority (DFSA) has granted Swiss Re a licence to operate in the Dubai International Financial Centre (DIFC). 2 April 2012
News
Nexus Underwriting Management has announced the launch of its new Lloyd’s managing general agency, Nexus Professional Risk (NPR). 27 March 2012
Insurance
Rating agency Fitch has welcomed the recent rise in European insurer’s solvency ratios. 22 March 2012
Insurance
Gloucester-based insurer Ecclesiastical has reported a pretax loss of £7.7 million, with the result severely impacted by catastrophe events in Australasia. 21 March 2012
News
Rating agency Fitch has said that Solvency II is unlikely to lead to a wave of European insurers moving their headquarters out of Europe. 15 March 2012
News
German reinsurer Hannover Re has announced that it intends to change its legal form to a European public limited company or Societas Europaea (SE). 14 March 2012
News
HSBC, and its 62 percent owned subsidiary Hang Seng Bank, have agreed to sell their general insurance businesses in Hong Kong, Singapore, Argentina and Mexico. 9 March 2012
Insurance
Australian insurer CGU is to shed 600 jobs over the next three years as part of its corporate restructuring. 9 March 2012
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