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There have been several interesting transactions in the past six months as a number of serial consolidators have looked to take advantage of a growing desire on the part of insurers to move certain blocks of business off their books 10 May 2017
Insurance
Following the acquisition of Bermuda-based Endurance, Sompo Japan Nipponkoa Insurance has launched a fully integrated global commercial insurance and reinsurance platform based in Bermuda, which has been named Sompo International. The new corporation will have its own board, led by John Charman as chairman and CEO, reporting to the Sompo CEO Kengo Sakurada. 29 March 2017
Insurance
Cyclone Debbie roared ashore in Queensland as the most powerful storm to strike Australia since Cyclone Yasi destroyed Queensland resorts, homes, and crops in 2011, according to catastrophe risk modelling provider AIR Worldwide. 29 March 2017
Insurance
The pressure and risks faced by insurers in Europe are increasing further in 2017, pressuring profitability and return on capital, according to China-based credit rating agency. 29 March 2017
Insurance
Another increase in Insurance Premium Tax (IPT) will be a double blow for business at a time when the UK economy faces a so called ‘cocktail of threats’ , the Association of British Insurers (ABI) has said. 2 March 2016
Insurance
Allied World Assurance Holdings (Ireland), part of Allied World Assurance Company Holdings, has agreed to acquire a 21.2 percent stake in Gravity Underwriting, a London-based managing general agent (MGA). 14 August 2013
Insurance
The Insurance Information Institute (III) has published ramifications for the insurance industry of the spread of the Ebola virus which, at the time of writing, has infected at least 8,399 people and killed 4,035, according to the World Health Organization. 28 October 2014
Insurance
Indian reinsurer GIC Re is preparing to launch an IPO. Chairman-cum-managing director Alice G Vaidyan explains the reasons behind it and the company’s plans for the months ahead to Monte Carlo Today. 10 September 2017
Insurance
Brit has appointed Nick Pozzebon to lead its existing Chicago-based US property facultative team for Brit Global Specialty, USA. 2 November 2015
Insurance
Explaining what big data is, how it can be used and its benefits to regulators is an important issue for the property/casualty industry—not least to dispel the notion that insurers use such information to their own ends and not to benefit customers, Kurt Bock, the incoming chair of the PCI’s board, told PCI Today. 16 October 2017
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