News
Insurance
UK insurer RSA has agreed to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solutions for £71 million, as it seeks to tighten the strategic focus of the group. 3 July 2014
Insurance
Lloyd’s is exploring the possibility of issuing insurance-linked securities (ILS) using new regulations that will allow them to be issued from the UK to protect the market, Inga Beale, chief executive of Lloyd’s, told Monte Carlo Today. 13 September 2017
Insurance
Intrepidus Insurance Services, a Bermuda insurance broker, has had its registration to operate revoked by the Bermuda Monetary Authority (BMA) following an investigation triggered by a complaint against the company. 4 July 2018
Insurance
American International Group (AIG) has completed the sale of its subsidiary Advisor Group to investment funds affiliated with Lightyear Capital, a private equity firm specialising in financial services investing, and PSP Investments, one of Canada’s largest pension investment managers. 9 May 2016
Insurance
While cyber demand is on the rise, Swiss Re takes a cautious approach in underwriting and suggests insurers should do the same as the ‘cybergeddon’ is yet to happen. 31 August 2017
Insurance
Specialty re/insurer Brit has completed the fourth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus, the company said in a Feb. 14 press release. 14 February 2018
Insurance
Various markets such as Indonesia and India have a level of insurance sector protectionism, and more needs to be done to remove barriers to entry in order to reduce the insurance gap in Asia, says Philip Chung of S&P Global Ratings. 31 October 2018
Insurance
XL Catlin has opened its second office in Mexico, located in Monterrey, and has appointed Carlos Matthey as client distribution leader. 13 October 2016
Insurance
Insurers must not get wrapped up in the hype around technology and must instead ensure they innovate and invest in technology in a disciplined way, says Paul Mang, Aon’s global CEO of analytics. 16 October 2017
News
Munich Re has centralised responsibility for its marine business and appointed John Wilkinson as chief executive of Munich Re’s Global Marine Partnership. 28 August 2014
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