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Pan-Asian life insurance group AIA said on Sept. 21 that it reached an agreement with the Commonwealth Bank of Australia to acquire CommInsure Life and Sovereign, CBA’s life insurance business in Australia and life and health insurance businesses in New Zealand. 21 September 2017
Insurance
Broker Willis Towers Watson has appointed Debby Moorman as health and benefits market leader in Georgia. 26 May 2017
News
John Berger, the chairman and chief executive officer of Third Point Reinsurance, has stepped down from the position of CEO. 24 February 2017
Insurance
Bermuda-based specialty lines re/insurance provider AXIS Capital has said that its chief financial officer Joseph Henry will retire at the end of 2017 and that he will be replaced by AXIS Insurance chief operating officer Peter Vogt. 10 May 2017
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Although the reinsurance market is changing, big and diversified players such as Hannover Re have nothing to fear as long as they adapt and react smartly to a new phase in market cycles, Ulrich Wallin, executive chairman of Hannover Re, told Intelligent Insurer. 30 October 2013
Insurance
GDPR (General Data Protection Regulation) fines which can reach up to 4 percent of a group's annual global turnover are only insurable in Finland and Norway from a group of 30 reviewed jurisdictions, according to Aon and DLA Piper research. 16 May 2018
Insurance
ICAT Syndicate 4242 of Lloyd’s of London has issued its first catastrophe bond Buffalo Re Series 2017-1 that will offer indemnity reinsurance coverage for storms and earthquakes occurring in the US. 20 March 2017
Insurance
In its response to the Capital Markets Union (CMU) consultation, lobby group Insurance Europe has called on the European Commission to work on changes to the Solvency II framework. 20 March 2017
Insurance
Reinsurers’ underwriting performance declined in the first half of 2016 due to higher natural catastrophe losses – and the negative trend is set to continue into 2017, according to Fitch Ratings. 10 October 2016
Insurance
Specialty re/insurer Navigators has appointed David Draper as the head of international casualty to drive growth. 24 February 2017
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