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Insurance
Capita Insurance Services has completed a transaction to finance the start–up of Pardus Holdings by taking a minority stake. 19 May 2014
Insurance
The Arab Spring and political turbulence in some parts of the Middle East and North Africa (MENA) has not dented the long-term prospects for the insurance industry in this area with strong growth still expected on the back of a combination of low insurance penetration and rapidly growing energy, infrastructure and healthcare sectors. 21 March 2013
Insurance
Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers, according to Willis. 16 July 2014
Insurance
Steve Hearn, deputy CEO of Willis Group Holdings has been elected as chairman of the London & International Insurance Brokers’ Association (LIIBA), an association which represents insurance brokers in London and international markets. He succeeds Graham Clarke of Miller, who continues as deputy chairman of LIIBA. 17 March 2014
Insurance
There is a strong push back against globalisation in some parts of the world, which creates challenges for reinsurers—but also potential opportunities in the future. 1 November 2017
Alternative Risk Transfer
Now that the market has a solution for ocean marine and offshore energy, the time could be right for these risks to flow into the ILS market, says Tom Johansmeyer of Verisk Insurance Solutions. 20 April 2017
Insurance
Windstorm risk is an “acquirable commodity”, and one that the private sector is working hard to gain control over. 16 February 2015
News
Troubled Tower Group International, which was downgraded last year following the revelation of a substantial shortfall in its reserves, has agreed to merge with ACP Re, a privately-owned Bermuda reinsurer. 7 January 2014
Alternative Risk Transfer
Cat bonds might not have a long history, but so far they have paid out on claims from major events in a timely manner, according to Maren Josefs, associate director at S&P Global Ratings. 22 September 2016
Insurance
Broker Lockton has appointed Mark Randall as a senior vice president. He will be based in the Dubai International Finance Centre and focused on growing Lockton’s MENA operations. 3 April 2014
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