News

Insurance

Brokerslink bolsters broker network in Africa

Brokerslink has expanded its global broker network with the addition of eight new independent brokers from Africa, extending its presence to 21 countries across the continent.   11 October 2018

Insurance

CCRIF to makes first payout to Barbados in 2018/19 policy year

CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has made its first payout to Barbados on its excess rainfall policy in the 2018/19 policy year.   11 October 2018

Insurance

Brit chairman to become Aspen CEO

Brit’s executive chairman Mark Cloutier is stepping down from his role in December 2018 with a view to becoming Aspen CEO.   1 October 2018

Insurance

New investor challenge to AmTrust’s plan to go-private

Central Europe based investment group Arca Capital said that it will meet with state insurance regulators to oppose the AmTrust privatisation transaction and that it will continue to campaign aggressively against the "absurdly low" buyout price.   1 October 2018

Insurance

Starr opens office in Norway for expansion, appoints Europe head

Starr Insurance Companies is expanding its presence in Europe with the opening of a new office on Oslo, Norway.   1 October 2018

Insurance

Aon launches Americas capital advisory services, appoints head

Aon has launched its Americas capital advisory team to help re/insurers identify and deliver balance sheet solutions that reduce volatility and increase profitability.   1 October 2018

Insurance

Flood Re reduces property premium charges by 12.5% at 1/1 renewals

UK’s reinsurance scheme Flood Re is reducing the reinsurance premiums it charges to insurers from Jan. 1, 2019.   1 October 2018

News

Munich Re, Hannover Re go for lower margin risk than SCOR

Munich Re and Hannover Re have embraced low margin, low volatility growth with a low Solvency II capital cost in 2018, while peers such as SCOR steer clear due to the high S&P rating capital cost, according to Jefferies analysts.   27 September 2018

Insurance

Zurich makes $0.4bn Adira acquisition, becomes largest foreign P&C insurer in Indonesia

Zurich Insurance Group is acquiring 80 percent of PT Asuransi Adira Dinamika (Adira Insurance), a property and casualty (P&C) insurer in Indonesia, from PT Bank Danamon Indonesia and a minority investor.   27 September 2018

Insurance

S&P upgrades Berkshire insurance units outlook

S&P Global Ratings has changed the outlook to stable from negative for Berkshire Hathaway's (BRK's) operating insurance subsidiaries, National Indemnity, Government Employees Insurance, General Reinsurance, and other related insurance subsidiaries due to a more robust capital base.   27 September 2018

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