News

Insurance

Legacy insurer DARAG acquires Italian non-life portfolio from DONAU

European legacy acquirer DARAG Group has purchased a portfolio of Italian non-life business, consisting primarily of motor third party liability from DONAU Versicherung.   22 January 2019

Insurance

Talanx acquires Liberty Mutual's Turkish unit

The Germany-based group Talanx is acquiring 99.4 percent of the shares in Liberty Sigorta, the Turkish non-life subsidiary of US-based Liberty Mutual Group.   23 January 2018

Insurance

California’s Thomas Fire insured losses at up to $2.5bn

The Thomas Fire that affected the Southern California counties of Ventura and Santa Barbara in December 2017 has caused insured losses of between $1 billion and $2.5 billion, according to estimates by data analytics firm RMS.   23 January 2018

Insurance

Liberty appoints new global financial risks manager for Asia

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted Chris Sawyer to the role of manager, global financial risks (GFR) for the Asia-Pacific region.   23 January 2018

Insurance

Thai Floods the turning point for understanding risk

David Masters, director at S&P Global Ratings, traces the increasing regionalisation of pricing back to the Thai floods of 2011.   12 September 2019

Insurance

Willis Towers Watson partners with Sompo to launch insurance platform for middle market real estate companies

Broker Willis Towers Watson (WTW) has entered into a strategic partnership with Sompo Global Risk Solutions (GRS), a part of Bermuda-based re/insurer Sompo International Holdings, to create an integrated insurance platform for the middle market commercial real estate segment.   12 September 2019

Insurance

Monument Re snaps up Dutch closed life insurer in Benelux strategy

Bermuda-based reinsurer Monument Re has acquired Robein Leven and its subsidiaries from Amerborgh Financial Services as part of its growth strategy in the Benelux region.   10 July 2018

Insurance

Mapfre supporting UN climate change conference in Madrid

Chair and CEO Antonio Huertas to participate in the InsuResilience Global Partnership Forum.   2 December 2019

Insurance

CEE focus boosts VIG 2017 results

Austria-based Vienna Insurance Group (VIG) has grown premiums and profit in 2017 driven by its focus on Central and Eastern Europe (CEE), according to a company statement.   23 March 2018

Alternative Risk Transfer

Prudential closes $2.6bn longevity reinsurance deals in pre-Brexit rush

Prudential Retirement, a unit of Prudential Financial, has completed approximately $2.6 billion in previously undisclosed longevity reinsurance contracts, assuming the longevity risks of about 16,000 pensioners, ahead of Brexit.   24 April 2019

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