ACE Group has appointed Huang Lijia as its casualty manager for South Asia.
Germany’s Finance Minister Wolfgang Schaeuble has rejected comments that his overhaul of the way insurers meet obligations to policyholders will scare off investors.
Munich Re and RIB have signed an agreement to jointly develop the first global IT-based insurance product for large construction projects that covers elements of unplanned increase in construction cost.
The Association of Bermuda Insurers and Reinsurers (ABIR) has told US and State governments that non-essential insurance programmes, such as the National Flood Insurance Program, should be moved to the private sector.
Belgium-based insurer Ageas will take full ownership of the Portuguese non-life activities of its joint venture with MBCP.
Broker Willis will acquire a controlling stake of approximately 75 percent in Max Matthiessen, an employee benefits adviser in Sweden, for $205 million.
Insurer MetLife has appointed Deanne Stewart as Australia chief executive officer starting in mid-July.
Rating agency AM Best has upgraded the financial strength rating (FSR) of Travelers from A+ to A++, the highest possible rating.
The US National Oceanic and Atmospheric Administration (NOAA) has predicted that there could be a below average amount of hurricanes in the Atlantic this season.
The outlook for the Korean life industry remains stable, backed by strong capitalisation and a stable investment mix, despite ongoing profitability challenges, according to rating agency Moody’s.