News
Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has allowed state-run General Insurance Corporation (GIC) to retain the first right to offer reinsurance in India, BloombergQuint reported citing two people present at the firm’s recent board meeting. 1 October 2018
Insurance
Typhoon Trami left almost 400,000 households without power, brought down trees onto railroad tracks and kicked up debris across Tokyo as it brushed past the Japanese capital early on Monday, Oct. 1, Reuters reported. 1 October 2018
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Siobhan O’Brien to lead its international cyber strategy, innovation and product development in a newly created role. 1 October 2018
Alternative Risk Transfer
The global ILS market is looking increasingly healthy, as a wide range of industry experts told Intelligent ILS at this year’s Monte Carlo Rendez-vous. 28 September 2018
Insurance
RSA’s UK and London market business made an underwriting loss of around £70 million with a combined ratio of around 110 percent in the third quarter of 2018. 28 September 2018
News
Munich Re and Hannover Re have embraced low margin, low volatility growth with a low Solvency II capital cost in 2018, while peers such as SCOR steer clear due to the high S&P rating capital cost, according to Jefferies analysts. 27 September 2018
Insurance
Zurich Insurance Group is acquiring 80 percent of PT Asuransi Adira Dinamika (Adira Insurance), a property and casualty (P&C) insurer in Indonesia, from PT Bank Danamon Indonesia and a minority investor. 27 September 2018
Insurance
UK insurance intermediary Ardonagh Group is acquiring broker Swinton Group from its French parent Covéa Group for a consideration of approximately £165 million. 27 September 2018
Insurance
The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, has appointed Denis Duverne as chair of its steering committee, succeeding Stephen Catlin. 26 September 2018
Insurance
Re/insurer AXA XL has revealed two senior promotions within its excess casualty insurance business in Bermuda and Dublin. 26 September 2018
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