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Swiss Re bets on growth in Asia but struggles elsewhere
Insurance
Swiss Re expects to benefit from “very significant growth” potential by setting up a new hub in Singapore but is shrinking the business elsewhere to protect profitability.   4 May 2017
Insurance
Germany’s Talanx, the majority shareholder of Hannover Re, wants to continue expanding in the UK despite the country’s expected exit from the European Union.   28 June 2016
Insurance
Broker Aon is to acquire US-based real estate and investment management firm Townsend Group, majority owned by Colony NorthStar, for $475 million.   4 September 2017
Insurance
Freisenbruch-Meyer Insurance Services (FMIS), a Bermuda-based insurance intermediary, has introduced a cyber liability protection product called ‘Security & Privacy Insurance’.   27 June 2016
Insurance
XL Catlin extended its global property insurance capacity to $400 million, an increase of more than 25 percent compared to its previous $300 million capacity, to accommodate increasing property values around the world and more complex risks.   9 September 2016
Alternative Risk Transfer
The important role of Bermuda in the aftermath of potentially big losses stemming from hurricanes Harvey and Irma was centre of the debate at the annual Bermuda:Re+ILS Monte Carlo Roundtable.   12 September 2017
Insurance
Swiss Re has further strengthened its presence in Asia with the launch of its regional headquarters Swiss Re Asia in Singapore, and appointed a new regional board of directors for the entity.   31 January 2018
Insurance
David Ross, the head of Arthur J Gallagher International, has left the company to become chief executive officer (CEO) of Towergate.   10 February 2015
News
Hannover Re said on Sept. 21 that it expects nat cat events to exceed its large loss budget which is likely to result in the company missing its targeted €1 billion group net income in 2017.   21 September 2017
Insurance
Moore Stephens has launched a new software tool to help UK insurers meet Solvency II reporting requirements.   29 September 2015

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