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Honan Insurance Group targets Singapore

Singapore12-03-2014Insurance news

Honan Insurance Group, an Australian insurance and financial services broker, has received its broking licence from the Monetary Authority of Singapore (MAS), allowing it to operate there as a certified broker.

Barbican strengthens energy team

Europe12-03-2014Insurance news

Barbican Insurance has appointed Chris White as underwriting manager of the firm’s energy division. He will report to David Booth, the active underwriter of Syndicate 1955.

Great American to launch first cat bond

Bermuda, North America12-03-2014Alternative Risk Transfer News, Insurance news

US property/casualty insurer Great American Insurance Group, a subsidiary of financial services firm American Financial Group, is set to use the insurance linked securities (ILS) markets for the first time with a $95 million deal that will offer coverage of named storms, earthquakes, severe thunderstorms and winter storms.

Swiss Re denies Agnelli acquisition

Europe12-03-2014Reinsurance News

Swiss Re, one of the world’s largest reinsurers, has denied that it is in discussions with Italy’s Agnelli family, the founders of Fiat and who hold substantial investment portfolios, over the acquisition of a stake in Swiss Re.

Hannover Re posts record profit; warns of softening

Europe11-03-2014Reinsurance News

Hannover Re has posted a record profit in its 2013 results driven largely by its non-life reinsurance arm – but Ulrich Wallin, its CEO, has warned of challenges and a potential softening of the market.

Solvency II will force insurers to dump corporate bonds

Europe11-03-2014Insurance news

Driven by Solvency II requirements that favour diversification in investment portfolios, insurers could be forced to dramatically cut the amount of corporate bonds they hold, driving up companies’ borrowing costs in the process.

Florida bill could offer reinsurers $3bn

North America11-03-2014Alternative Risk Transfer News, Reinsurance News

A new Florida bill, designed to reduce the level of coverage granted by the state’s catastrophe pool, could mean that an additional $3 billion of business could move into the private reinsurance sector.

Buyers admit to shopping around for cat cover

Africa, Asia Pacific, Bermuda, Caribbean, Europe, Latin America, MENA, Monte Carlo, North America, Singapore11-03-2014Reinsurance News

Some reinsurance buyers admit that they are leveraging the intense competition in the market at the moment to seek better rates – especially when placing plain catastrophe business. But most add that they are keen to maintain good relationships with the bigger reinsurers because of the other lines of business they have close relationships on.

Equinox appoints senior credit analyst

Europe11-03-2014Insurance news

Lloyd’s trade credit coverholder, Equinox Global, has appointed John Joseph as a senior credit analyst. He will report to Simon Philpin and will be based in London.

GCC countries must diversify to continue growth

GCC, MENA11-03-2014Insurance news

The Gulf Cooperation Council (GCC) countries must diversify if they are to continue experiencing high growth rates, according to a recent report by AM Best.

Showing 15821 to 15830 of 17282 results

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