News
Reinsurance
Saudi Re has appointed Tarik Aouad as chief business development officer. During a 15 year career in reinsurance, Aouad was previously the general manager of Hannover Re Bahrain. 17 June 2013
Insurance
There will be less talk of rate reductions in Baden-Baden this week as buyers and brokers have both accepted that further reductions will not help the market, Geoffrey Peach, executive vice president of TransRe Europe and chief executive of TransRe London, told Baden-Baden Today. 24 October 2016
Insurance
Munich Re incurred a net loss of €1.4 billion in the third quarter of 2017 due to the impact of natural catastrophes in North America but expects “significant” market recovery. 9 November 2017
Insurance
Zurich Insurance Group posted a steady set of results for the first nine months of the year but said that it anticipated improvements in pricing now on the back of the recent heavy cat losses in North America. 9 November 2017
Insurance
Randall & Quilter (R&Q), the insurance services and investment company, has completed the novation of liabilities from Cayman-domiciled Golden Rule. 24 December 2015
Insurance
New Zealand-based credit and financial risk re/insurer CBL Corporation is set to acquire US insurer Affirmative Direct Insurance Company for $5.7 million. 27 March 2017
Insurance
ACE has appointed Mojgan Khoshabi as regional managing director for ACE in the Middle East and North Africa (MENA). 8 June 2015
Insurance
AmTrust Financial Services has posted a prior year adverse reserve development of $326.9 million on a pre-tax basis for the third quarter ended September 30, 2017. 7 November 2017
Alternative Risk Transfer
Germany’s Hannover Re said on July 12 that it completed three transactions as part of its insurance-linked securities (ILS) activities. 12 July 2017
News
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has launched a new unit offering dedicated retrocession services to clients in the Asia Pacific region. 29 June 2017
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