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The Texas Windstorm Insurance Association (TWIA) has transferred $262.7 million into the catastrophe reserve trust fund (CRTF). 7 April 2015
Insurance
Sompo Canopius Re, the reinsurer formed last year to manage reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance, has revealed plans to enter new business lines. 14 September 2016
Insurance
The recent explosions and subsequent losses in Tianjin, China, will likely be one of the biggest man-made losses ever to have occurred in Asia. 4 September 2015
Insurance
Run-off insurer DARAG has expanded its management and executive teams following its acquisition by Keyhaven Capital Partners. 13 May 2014
Insurance
AM Best has announced that the financial strength rating (FSR) of A+ (Superior) of Zurich Insurance and its rated affiliates are unchanged following the announcement that Zurich American Insurance Company (ZAIC), Zurich’S US non-life subsidiary, will acquire 100 percent of Rural Community Insurance Agency (RCIA) and its wholly owned subsidiary, Rural Community Insurance Company (RCIC), together known as Rural Community Insurance Services (RCIS). 23 December 2015
Insurance
As Patria Re prepares to reposition itself from a Latin American specialist to a small international reinsurer with a specialty in the region, the company’s CEO, Ingrid Carlou, tells Intelligent Insurer about the benefits of this alteration and the reinsurer’s entry into Lloyd’s. 15 December 2015
News
The global reinsurance market is facing unfavourable conditions from a wide range of headwinds—and they could last much longer than many reinsurers feared, according to S&P Global Ratings. 11 September 2016
News
Some of the growth opportunities that exist for reinsurers currently operating in the Latin American region stem from entering lines of business they have not traditionally written in the past. That is the view of Derek Durst, international treaty underwriter for QBE Re. 27 October 2015
Insurance
Insurance assets for sale in the UK due to Solvency II and demand for acquisitions in Asia Pacific (APAC) are set to drive M&A activity in 2017, according to accounting and advisory firm KPMG. 17 March 2017
Insurance
New York-based property/casualty insurer AmTrust Financial Services has delayed its 2016 consolidated financial statements (10-K) and said that the company's 2014 and 2015 financial reports will be restated and should no longer be relied upon. 17 March 2017
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