Syndicate Research (SRL) has changed the outlook for the Continuity Opinion of Lloyd's syndicate 2001 (MS Amlin Underwriting) to negative due to the “difficulty in turning around” the operation.
Allianz group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has appointed Sinéad Browne as its UK CEO.
Claims from typhoon Jebi have reached ¥585.10 billion ($5.17 billion), surpassing claims of Typhoon Mireille, the most expensive typhoon in Japan so far with ¥568.0 billion, according to the General Insurance Association of Japan (GIAJ).
The three major Japanese non-life insurance groups - Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings – have incurred their biggest annual catastrophe loss on record in the first half of the financial year ending March 2019 (FYE19), according to Fitch Ratings.
Czech Republic-based reinsurer VIG Re has opened a new branch office in Paris to further strengthen its presence in Continental Europe.
German re/insurer Talanx, the parent company of Hannover Re and HDI, has made personnel changes in the management board of its German unit following the departure of Ulrich Rosenbaum.
German insurance giant Allianz has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) for the preparatory establishment of an insurance holding company in China.
The supervisory board of Germany-based insurance giant Allianz has extended CEO Oliver Bäte’s contract as chairman of the board of management until September 2024.
The Camp fire in Northern California, officially deemed the most destructive and deadliest wildfire on record in the state, is contained to 95 percent while the Woolsey fire in Southern California is now fully extinguished, according to the California Department of Forestry and Fire Protection (Cal Fire).
The Association of British Insurers (ABI) is welcoming the prospect of a Brexit deal that includes a regulatory equivalence regime for financial services with the EU enabling mutual market access.