SCOR Global Life and RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of Reinsurance Group of America (RGA), have entered into a longevity insurance transaction with Sun Life Assurance Company of Canada (Sun Life) in a deal that represents the first of its type for the North American market.
Novae Group, the specialist insurance group, enjoyed strong growth in 2014 while is profits remained stable. Its CEO said the market conditions suit ‘agile’ firms able to adapt.
Texas-based Insurors Indemnity Companies, which specialises in surety and commercial property/casualty insurance for midsize and smaller businesses, has appointed a new chief executive.
Arthur J Gallagher (AJG) has acquired Illinois broker NationAir Aviation Insurance.
Tropical cyclone Marcia, which hit parts of central Queensland, could cost Australian insurer Suncorp up to A$150 million pre-tax.
Global insurance broker for the live entertainment industry, Robertson Taylor, has appointed Richard Arnold as head of private client services in the UK.
Commonwealth Re, the primary reinsurance company for Global Atlantic Financial Group, and its affiliates, have surpassed $25 billion in block transactions, including three transactions in the last 12 months.
Reinsurers are thinking more innovatively and seeking diversification in a bid to improve their bottom line, says Mohammad Khan, head of general insurance at PwC.
There are five key trends in the insurance space that are currently producing two consistent responses, according to Mike McGavick, chief executive officer (CEO) of XL.
Enstar, the run-off and insurance consultancy, posted a solid set of results for 2014, with an increase in its net earnings despite losses at its subsidiary Torus Insurance.