News
Insurance
A destructive wildfire raging in southern California has expanded significantly, scorching an area larger than New York City, BBC News reported on Dec. 11. 11 December 2017
Insurance
S&P Global Ratings has placed the 'A-' ratings of Swiss Re ReAssure (SRRAL) on Credit Watch Negative, following the announcement by its parent Swiss Re Group that it is exploring the possibility of an initial public offering (IPO) of the UK closed-book consolidator ReAssure (not rated). 8 August 2018
Insurance
The Indian government raised about 98 billion rupees ($1.5 billion) on Oct. 13 by selling some of its shares in the nation’s top reinsurer General Insurance Corp of India (GIC Re), Reuters reported on the same day. 16 October 2017
Insurance
Randall & Quilter Investment Holdings has written a loss portfolio transfer reinsurance contract to assume a bonds portfolio issued by an undisclosed Fortune 500 Insurance Group. 19 June 2017
Insurance
Universal Insurance Holdings chief risk officer Jon Springer believes that the company will be able to keep its reinsurance costs in 2018 at the same level as 2017 despite record catastrophe losses last year from hurricanes and rate increases in the primary business. 1 May 2018
Insurance
Property/ casualty insurer Chubb has partnered with Grab, an on-demand transportation and fintech platform in Southeast Asia, as part of its digital strategy to meet growing insurance needs in Asia Pacific. 13 March 2018
Insurance
The Nature Conservancy and the state government of Quintana Roo in Mexico have created a “Coastal Zone Management Trust” which will finance the first-ever parametric insurance policy covering a coral reef and the beach sand against the impact of hurricanes. 12 March 2018
Insurance
P&C technical profitability remained high with a combined ratio of 92.5 percent 7 November 2019
Insurance
Insurtech veteran will help drive the company’s growth 7 November 2019
Insurance
The sale of specialty re/insurer Canopius by Sompo Japan Nipponkoa Insurance to a private equity consortium led by Centerbridge Partners has been completed. 9 March 2018
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