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Insurance
Liberty Mutual Insurance Group has increased its interest in its non-life insurance joint venture company Liberty Videocon General Insurance (Liberty Videocon) in India to 49 percent. 15 August 2016
Insurance
The Hong Kong life insurance industry has experienced significant growth in new business over the last couple of years, but will be challenged to grow consistently in the future due to weakened domestic demand and new measures imposed by the Chinese government, according to an AM Best’s special report. 15 August 2016
Insurance
Growth in the reinsurance segment of Markel so far this year has been driven by new business in its mortgage product line and large quota share reinsurance treaties but tough market conditions make further growth this year unlikely, Richard Whitt III, co-chief executive officer of Markel Corporation, said in a conference call next week covering the company’s second quarter results. 12 August 2016
Insurance
Modernising the London Market is essential if it is to compete with other re/insurance hubs and competitors in the world. But resistance from the front office, where brokers and underwriters may be reluctant to change their behaviour, could threaten the plan’s success. Intelligent Insurer reports. 11 August 2016
Insurance
Legal & General (L&G), a provider of insurance, savings and investment management products, is selling investment platform Cofunds to Aegon for £140 million, subject to regulatory approval. 11 August 2016
Insurance
Zurich has expanded its Asia-Pacific operations with the appointment of Jack Howell as regional chief executive officer (CEO), effective September 1. 11 August 2016
Insurance
Technology is opening up a world of data that allows insurers to make a much more precise risk assessment of clients. This offers an opportunity for the sector to boost profitability, but its use also comes with some moral dilemmas. Intelligent Insurer reports. 11 August 2016
Insurance
Ironshore’s Pembroke Managing Agency has introduced its ‘Specie Consortium’, a venture supported by 21 Lloyd’s syndicates which offers up to $635 million in capacity for any one risk. 11 August 2016
Insurance
Net profits at Zurich Insurance Group dipped in the second quarter of 2016 thanks to lower realised capital gains and restructuring charges. But company’s operating profits improved markedly and the firm’s chief executive hailed the impact of changes the business has made. 11 August 2016
Insurance
Global Risk Partners (GRP), an investment vehicle targeted at brokers and managing general agents, has acquired commercial and personal insurance broker, BB Insure. 8 August 2016
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