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Insurance
Sri Lankan non-life insurers should be able to absorb near-term volatility and the effects of adverse weather-related events given their extensive use of reinsurance, Fitch Ratings said in a report called Reinsurance Keeps Sri Lankan Insurers Afloat Amid Floods. 1 November 2017
Insurance
Although earthquake risk in Japan is relatively well understood and the industry performed well in the aftermath of the last big quake to hit the country, in 2011, more must be done to tackle the protection gap (the difference between the economic loss and the insured loss) and the extent to which insurance is used to protect certain risks. 30 October 2017
Insurance
Australian insurer Insurance Australia Group (IAG) is set to up its stake in an insurance joint venture with the State Bank of India (SBI). 26 March 2015
Insurance
Broker Lockton has opened a new office in Amman, Jordan as it seeks to increase its regional footprint. 5 November 2015
Insurance
As much as reinsurers might wish for a big loss to trigger a hard market, that is unlikely given the capital waiting in the wings. 1 November 2016
Insurance
One of the outcomes of the increased regulatory burden that has been imposed on insurers in recent years, exacerbated by Solvency II, has been the forcing of smaller insurers to consider either converting into agencies, thus avoiding a big part of the burden, or selling out to bigger players. 12 September 2016
Insurance
The boards of CF Corporation and Fidelity & Guaranty Life (FGL) approved a definitive merger agreement under which CF Corp. will acquire FGL for a total of approximately $1.84 billion, plus the assumption of $405 million of existing debt. 25 May 2017
Insurance
Insurer Ironshore has appointed Adriana Nariño as head of surety for the Latin American Group, expanding capabilities for this specialty sector within the region. 3 May 2016
Insurance
Bermuda-based Endurance posted a solid set of results in the first quarter of 2015, driven by strong growth in both its insurance and reinsurance segments. 5 May 2015
Insurance
Genworth Financial, the US financial services company with substantial insurance operations, has become the latest insurer to be acquired by investors from Asia. It has been acquired by China Oceanwide for approximately $2.7 billion. 25 October 2016
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