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NN Group's takeover approach to Delta Lloyd reinforces Fitch Ratings' expectation that M&A insurance activity in Europe will accelerate, as well-capitalised firms seek growth through acquisition of rivals hit harder by Solvency II. 7 October 2016
Insurance
Tropical cyclones in September have cost the global economy over $4 billion dollars, according to Impact Forecasting’s Global Catastrophe Recap report. 7 October 2016
Insurance
After battering Japan’s Okinawa Prefecture with high winds and heavy rain on October 3, Typhoon Chaba moved north and east to Jeju Island and the southern coast of South Korea, according to catastrophe modeling firm AIR Worldwide. 6 October 2016
Insurance
In the current challenging soft market and low interest rate environment, large re/insurance companies are in an advantageous position as they can better absorb the pressure and find alternative income sources. Search for scale is therefore likely to drive M&A activity in the coming years, Intelligent Insurer reports. 6 October 2016
Insurance
American International Group (AIG) has appointed Peter Solmssen as executive vice president (EVP) and general counsel, effective October 18. 6 October 2016
Insurance
Sirius International Insurance Group (Sirius Group) has made a series of appointments as part of an expansion of its global team. 5 October 2016
Insurance
Channel Insurance Brokers (CIB), part of the PIB Insurance Group, has appointed Tony De Sousa to its board of directors, effectively immediately. 5 October 2016
Insurance
The insured property losses caused by the earthquake which hit Central Italy on August 24 is expected to be €34 million, as estimated by catastrophe insurance data provider PERILS. 5 October 2016
Insurance
Newline Insurance Company (Newline Insurance), a specialty insurer, has appointed Manuel Wirtz as its general manager to lead and oversee operations of a new branch office to be established in Germany. 4 October 2016
Insurance
Car manufacturers and suppliers are investing massively in automated driving technology and creating a rush hour of challenges for the motor insurance industry as a consequence. Intelligent Insurer finds out more. 4 October 2016
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