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New Zealand insurance company Tower has sold its remaining life business, Tower Life (NZ), to Foundation Life, for NZ$36 million ($31.5 million). 1 July 2014
Alternative Risk Transfer
The ILS market showed its maturity in the aftermath of the 2017 cat losses and is going from strength to strength on the back of that, says Craig A Smith, head of EMEA sales–corporate trust, Deutsche Bank. 10 September 2018
Insurance
India’s state reinsurer GIC Re which is planning to float on the stock exchange wants to grow the reinsurance business outside India to reach around 50 percent of its total gross premiums from currently 30.53 percent. 10 August 2017
Insurance
XL Catlin appoints Philippe Gouraud as Head of Strategic Client and Broker Management – Insurance 15 April 2016
Insurance
Insurance Australia Group (IAG) has appointed Elizabeth Bryan as its chairman, effective 31 March 2016. 18 February 2016
Insurance
The Insurance Council of Australia (ICA) has declared an insurance catastrophe for severe storms that hit the east coast of Queensland and New South Wales over the weekend. 6 June 2016
Insurance
Zurich Insurance has pulled out of its planned bid for RSA, according to a statement on RSA’s website. 21 September 2015
Insurance
Policymakers need to take action to make the framework more reflective of reality, according to Insurance Europe. 1 February 2017
Insurance
In the latest of a number of changes in personnel, Bermuda-domiciled company Till Capital has announced that directors William Harris and Thomas Skimming have resigned from the Board of Directors with immediate effect. 18 August 2015
News
“The trend of multinational ingress into the region seems to be waning, with some big insurance companies having sold, or being in the process of selling, their operations, due to less than satisfactory performance.” This is the opinion of James Grieve, senior vice president at SCOR Reinsurance, speaking to Intelligent Insurer. 15 November 2017
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