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Insurance
The insured property losses caused by extratropical Cyclone Xavier is estimated at €291 million, according to the initial estimate released by the European catastrophe insurance data provider PERILS. 16 November 2017
Insurance
Re/insurance legacy specialist Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz Versicherungs for an undisclosed sum. 16 November 2017
Insurance
Property/casualty insurance technology provider Xceedance has made a multi-million dollar Series A equity investment in London-based blockchain specialist ChainThat. 15 November 2017
Insurance
While challenges exist, there are many potential growth opportunities for companies that grasp the culture and understand that relationships are key in the region, Bruno Krenboeck of AXIS Re, tells FIDES Today. 14 November 2017
Insurance
Blockchain has the potential to be a catalyst for innovation in many industries, including the re/insurance industry, and taking advantage of new technology is exactly what re/insurers need to do, according to Giacomo Ganz, client manager of the Americas at Allianz SE. 14 November 2017
Alternative Risk Transfer
Despite several downside risks for the Latin American growth outlook, the insurance outlook for the region remains “relatively bright” this year, according to Fitch Ratings. 13 November 2017
Insurance
Heavy losses from the series of hurricanes in North America and other natural catastrophes hit profits at Allianz Group in the third quarter of 2017 but the insurer also posted steady growth drive largely by its life and health business. 10 November 2017
Insurance
Talanx, the parent company of Hannover Re, has appointed Torsten Leue as its new chief executive officer. The current CEO, Herbert Haas, will step down from the board of management at the request of the majority shareholder HDI. 10 November 2017
Insurance
New business in West and Southern Africa as well relatively stable currencies against the US dollar drove growth at Africa Re for the first nine months of 2017. But the reinsurer made a loss due to higher claims. 10 November 2017
Insurance
Hong Kong-based Peak Reinsurance Company has been authorised as a life and general reinsurer by the Monetary Authority of Singapore to write reinsurance business in the country. 10 November 2017
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