News

Insurance

IAG reports slight dip in profits amid challenging market conditions

Insurance Australia Group (IAG) has reported a slight dip to its profits for the 1H 2016 at $610 million, compared to $693 million in 1H 2015.   18 February 2016

Insurance

The wild East

Russia presents international insurers and reinsurers with many opportunities for growth and expansion. However, those looking to hitch a ride on the back of the old bear should approach it with caution.   1 October 2012

Insurance

Mexico buys ILS coverage for first time since 2012

Mexico’s Fund for Natural Disasters (FONDEN) has returned to the insurance-linked securities (ILS) markets to secure coverage against natural catastrophes for the first time since 2012.   7 August 2017

Awards

Re/Insurance Leader of the Year winner: Tom Bolt, Lloyd’s

Tom Bolt, director, performance management for London’s iconic insurer Lloyd’s, swooped into first place for re/insurance leader of the year with a score of 7.39.   14 September 2014

Insurance

IAG appoints new chairman

Insurance Australia Group (IAG) has appointed Elizabeth Bryan as its chairman, effective 31 March 2016.   18 February 2016

Insurance

RSA’s Hancock joins Lloyd’s as performance director

Jon Hancock, the managing director of UK commercial at RSA, is set to join Lloyd’s as director of performance management.   10 September 2016

Insurance

Charles Taylor subsidiary completes sale of holding in Bestpark

LCL Acquisition, the subsidiary of Charles Taylor, has completed the sale of its holding in Bestpark International, an insurance company in run-off, to Ashbrooke Financial Group.   23 February 2016

Insurance

Insurance M&A activity drops in 2016

Global insurance mergers and acquisitions (M&A) transaction activity dropped in 2016 across all sectors, according to a study by Conning.   17 May 2017

Insurance

International reinsurers to be operating in India within six months

As India opens its market to international reinsurers, the Insurance Regulatory and Development Authority of India (IRDAI) expects foreign reinsurers to secure final clearance to open branches soon and several to be operational within six to nine months.   20 December 2016

Insurance

Insurors Indemnity appoints new CEO

Texas-based Insurors Indemnity Companies, which specialises in surety and commercial property/casualty insurance for midsize and smaller businesses, has appointed a new chief executive.   4 March 2015

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