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Insurance
Nationale Suisse buys Spanish insurance portfolio
Swiss insurer Nationale Suisse has purchased a property insurance portfolio from Spanish insurer Asefa as it seeks to strengthen its market position in Spain.   10 June 2014
Insurance
Indian regulator forms reinsurance expert committee
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a reinsurance expert committee to review the current regulatory framework for the market.   9 May 2017
Insurance
QBE partners with Australasia's risk association RIMA
QBE Insurance Australia has entered into a strategic partnership with Risk Management Institution of Australasia (RMIA).   30 June 2017
Insurance
2017 nat cat losses prompt Aspen to shut Bermuda unit
Aspen Insurance has closed its Bermuda-based US property insurance unit following high natural catastrophe losses in 2017 that included the recent wildfires in California.   19 February 2018
Technology
Bought By Many embraces the API economy
Bought By Many, an insurtech platform that designs and sells niche insurance products, is seeking business partners in Sweden as it launches its pet insurance product in the country in a move that could represent a template for its further expansion.   31 July 2018
Insurance
Beazley expands media coverage via recently acquired MGA Creechurch
Specialist insurer Beazley has introduced errors and omissions (E&O) and media liability coverage for TV/film producers through the company's newly-acquired Canadian operations.   15 February 2017
Insurance
AXA follows Allianz with €0.6bn China investment
French insurance group AXA is acquiring the remaining 50 percent stake in AXA Tianping Property & Casualty Insurance Company that it does not already own, for a total consideration of ¥4.6 billion (€584 million).   27 November 2018
Alternative Risk Transfer
Allianz alternative risk transfer head departs after 15 years; successor named
Allianz Global Corporate & Specialty (AGCS) has appointed Paul Schiavone as global head of its alternative risk transfer (ART) business, taking over from Bill Guffey who is leaving after 15 years to pursue opportunities outside the company.   20 November 2017
Insurance
M&A deals may not yield value investors expect
Headline-grabbing mergers and acquisitions (M&A) in the reinsurance sector may do little in themselves to help firms cope with the harsh reality of falling prices and low investment returns, increasing the risk that acquisitions will not generate the value investors anticipate long term, Fitch Ratings has warned.   13 September 2015
Alternative Risk Transfer
Travelers boosts cat bond cover, reduces traditional reinsurance
US-based property/casualty insurer Travelers has increased its catastrophe bond coverage to take advantage of the favourable pricing environment while reducing traditional reinsurance purchase, Travelers chief financial officer Jay Benet said during the second quarter 2018 conference call.   23 July 2018

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