News
Insurance
While underlying economic conditions affect the marine market in certain Asian territories, players in the region are also seeing evidence of a decline in ship-building activity, Simon Saunders, division head, marine, aviation and transport for Barbican Insurance Group, told EAIC Today. 10 October 2016
News
Despite recent losses, buyers seem to retain the upper hand in negotiations as we move into the renewals. On this basis, some are taking the opportunity to fine-tune their reinsurance programmes; others are even seeking rate decreases—Intelligent Insurer spoke to four of them for their take on the state of negotiations. 5 November 2018
Insurance
Capita Insurance Services has concluded a transaction to finance the development of Infinity Agency, a managing general agent (MGA) that specialises in high net worth motor insurance, by taking a minority equity stake in it. 26 February 2014
Insurance
While the frequency of workers’ compensation claims in the US is expected to decrease further in 2013, in line with current trends, their severity and overall cost to insurers will rise, according to a report by Aon Risk Solutions. 19 December 2012
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 Baden-Baden Today. 23 October 2017
Insurance
Insurance Europe slams European Commission for ignoring advice on European Services e-card proposals
Insurance Europe, the European insurance and reinsurance federation, has accused the European Commission of working from incorrect assumptions and ignoring the advice of Insurance Europe in its legislative proposal for a European Services e-card. 13 January 2017
Insurance
NexAssure Management, a third party administrator, has appointed Brian Ong as the operations director in Malaysia. 22 December 2015
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
Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has entered into a definitive agreement to become the majority investor in Wellington Insurance Group, a Texas-based risk distribution business specialising in the delivery and administration of residential property insurance. 21 January 2016
Insurance
Broker Towergate has appointed to new non-executive directors to its board including one from the US private equity firm that recently invested in the company. 22 November 2016
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