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Despite the importance to reinsurers, and cedants in many cases, of achieving and maintaining a desirable financial strength rating, many companies still fail to grasp the complexity of rating agencies’ methodology—and some face downgrades as a result. 13 September 2017
Insurance
Zurich Insurance Group has completed the acquisition of Australian travel insurer Cover-More Group in a A$741 million ($565 million) deal that expands its travel portfolio and positions Zurich as a top three global travel insurance provider. 13 April 2017
Insurance
Explaining what big data is, how it can be used and its benefits to regulators is an important issue for the property/casualty industry—not least to dispel the notion that insurers use such information to their own ends and not to benefit customers, Kurt Bock, the incoming chair of the PCI’s board, told PCI Today. 16 October 2017
News
Swiss Re is to form a combined property/casualty (P&C) underwriting hub for the Asia-Pacific region within its reinsurance business unit. 24 May 2017
Insurance
Netherland-based insurance group Aegon has agreed to sell its two largest US run-off businesses, the pay-out annuity business and the Bank Owned / Corporate Owned Life Insurance business (BOLI/COLI), to Wilton Re. 22 May 2017
News
Rating agency AM Best has affirmed its financial strength A+ rating for ACE Europe Group Limited (AEGL), along with the group’s “aa” issuer credit rating. 25 June 2012
News
Peak Reinsurance Company (Peak Re), the Hong Kong-based global reinsurer, has appointed Lawrence Cheng as head of underwriting, responsible for the company’s property and casualty product underwriting function and Iain Reynolds as head of analytics. 23 February 2016
Insurance
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has appointed Katie MacGregor as head of claims for ArgoGlobal. 16 February 2016
Insurance
The chief financial officer (CFO) of re/insurance intermediary Hyperion Insurance Group, Eric Fady, is set to step down. 1 July 2015
Insurance
Flood Re, the UK Government’s scheme to pool flood risk, has revealed that the number of insurers signed up to support the scheme has more than doubled since its launch on April 4, 2016. 16 June 2016
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