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Peak Reinsurance is mulling over a possible flotation in Hong Kong to support the reinsurer’s long-term growth and development, AM Best said in its Sept. 5 Best Week Asia-Pacific edition, citing Fosun International chief financial officer Robin Wang. 6 September 2017
News
Reinsurance rates are set to continue to decline in 2018 as growth in alternative forms of reinsurance intensifies the competition for business, Fitch Ratings said on Sept. 5. 5 September 2017
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired Swedish property/casualty (P&C) broker Nordic Försäkring & Riskhantering to expand its footprint and capabilities in Scandinavia. 5 September 2017
Insurance
Carsten Thienel joins JLT Re in Asia Pacific with over 30 years of industry experience. 5 September 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Marnix de Kievit to the newly-created role of senior underwriter professional indemnity for the Netherlands. 4 September 2017
Insurance
Hurricane Harvey will be a top three loss event for the National Flood Insurance Program (NFIP), according to analysis by risk modelling firm RMS. 4 September 2017
Insurance
JLT Re has poached a senior broker from Willis Re to join its London and International Markets (LIM) division. 4 September 2017
Insurance
Charles Taylor Group has acquired Southern California third party claims administrator Metro Risk Management (MRM) from Nautilus International Holding Corporation. 4 September 2017
Insurance
Ratings agency AM Best said on September 1 that it has upgraded the Financial Strength Ratings (FSR) to A+ (Superior) from A (Excellent) of SCOR and its main operating subsidiaries citing its operating strength as a driver for the move. 1 September 2017
Insurance
Jardine Lloyd Thompson Group (JLT) has bought a specialist broker based in Belgium in a move partly designed to ensure its European clients continue to have easy access to its London Market expertise and capacity post-Brexit. 1 September 2017
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