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Amlin syndicate 2001 gets negative outlook

London Market, UK26-11-2018Insurance news, Reinsurance News

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.

AGCS appoints Browne as UK CEO

London, UK26-11-2018Insurance news, Specialty

Allianz group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has appointed Sinéad Browne as its UK CEO.

Typhoon Jebi claims reach record $5.2bn

Japan26-11-2018Insurance news, Property cat, Reinsurance News

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).

Japan's insurers absorb record cat losses

Japan26-11-2018Insurance news, Property cat, Reinsurance News

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.

VIG Re opens Paris office in European expansion

Europe, France26-11-2018Insurance news, Reinsurance News

Czech Republic-based reinsurer VIG Re has opened a new branch office in Paris to further strengthen its presence in Continental Europe.

Talanx taps former AXA CFO for Germany unit

Europe, Germany26-11-2018Insurance news, Reinsurance News

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.

Allianz creates China’s first wholly foreign-owned insurer

Asia Pacific, China26-11-2018Insurance news, Reinsurance News, Specialty

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.

Allianz extends CEO Bäte's contract to 2024

Europe, Germany, Global23-11-2018Insurance news, Reinsurance News

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.

California Woolsey fire contained, Camp fire to 95%

North America23-11-2018Casualty, Insurance news, Property cat, Reinsurance News

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).

British insurers hope for ‘equivalence’ in Brexit deal

Europe, UK23-11-2018Insurance news, Reinsurance News

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.

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