Ironshore International has opened an office in Hong Kong as it seeks to build upon the company’s presence in the Asia-Pacific region.
Zurich Insurance has doubled the amount it plans to invest in green bonds to $2 billion, citing growing appeal in Europe.
Brazil’s largest investment bank, Banco BTG Pactual, has agreed to buy Swiss private bank BSI from Generali for SFr1.5 billion ($1.68 billion).
The first asset manager specialising in cat bonds has been authorised in Sweden as Entropics Asset Management receives its license from Finansinspektionen, the Swedish Financial Supervisory Authority.
Advisory firms Institutional Shareholder Services (ISS) and Egan-Jones Proxy Services have bolstered Aspen’s defence by recommending shareholders reject Endurance’s proposals.
Endurance Specialty has said it is disappointed by the recommendations by a proxy advisory service made yesterday that recommended shareholders in Aspen Insurance reject Endurance’s proposals.
The Indian government has proposed to raise the limit on foreign investment in the country’s insurance sector to 49 percent from 26 percent.
Liberty Mutual’s national accounts property unit has expanded its divisional structure and added five underwriters as it seeks to support its strategy of becoming a lead market for large, complex global property risks.
CNP Assurances has entered into an exclusive long-term distribution agreement with Santander Consumer Finance (Banco Santander Group) and has agreed to acquire a 51 percent stake in Santander Consumer Finance's life and non-life insurance subsidiaries.
HgCapital has acquired Sequel Business Solutions, a software and services provider to the Lloyd’s of London and broader London insurance market, in partnership with the Sequel management team led by managing director, Mario Garcia.