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Insurance
Tokio Marine Holdings enjoyed an increase in revenues but its net profits fell in the first quarter of its financial year ending June 30, 2017, as it offered a positive outlook on the health of the main economies it operates in. 8 August 2017
Insurance
Aon Groep Nederland has entered into an agreement to acquire Unirobe Meeùs Groep (UMG) from Aegon for €295 million. The transaction is expected to close in the fourth quarter of 2017. 8 August 2017
Insurance
Generali Group is to sell its business in Panama to ASSA Compañía de Seguros, an insurance player in the region, for $172 million, subject to adjustment on closure. 8 August 2017
Insurance
Even with modern flood-control structures, the risk of flood damage remains high in Japan in the aftermath of Typhoon Noru, which made its first landfall in Yakushima, an island in Kagoshima Prefecture, Japan, as a Category 1-equivalent storm, before making a second landfall near Kainan City in Wakayama Prefecture, Japan, according to catastrophe modelling firm AIR Worldwide. 8 August 2017
Insurance
A time of reckoning will come very soon for many reinsurers backed by hedge funds as many remain unprofitable and with many promises unfulfilled, according to a new report by S&P Global Ratings. 8 August 2017
Insurance
State-owned reinsurer General Insurance Corp of India (GIC Re) on Aug. 7 filed for an initial public offering (IPO) to be listed on the Bombay Stock Exchange
and the National Stock Exchange of India. 7 August 2017
Insurance
Berkshire Hathaway has registered an underwriting loss for its insurance operations as the retroactive reinsurance agreement with AIG weighs on results. 7 August 2017
News
The partnership between TransRe and Gen Re that will see the former help the latter access the broker markets in the US has been an “unqualified success” the CEO of TransRe’s parent company has stated in relation to the reinsurer’s second quarter results. 4 August 2017
Insurance
Allianz Group and Liverpool Victoria Friendly Society (LV=) will launch a joint venture that will create the third biggest personal lines insurer in the UK thanks to a deal that values LV=’s general insurance at more than £1 billion. 4 August 2017
Insurance
Swiss Re CFO for reinsurance Gerhard Lohmann decried the onerous financial disclosure requirements in a co-authored article and proposed a solution set to save time and capabilities. 3 August 2017
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