News
Insurance
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has expanded its cover and brought in a new risk model for tropical cyclones and earthquakes as member governments in the region renewed and extended their policies for 2019/20. 19 June 2019
Insurance
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update. 4 May 2017
Insurance
Zurich Insurance Group has co-led a €15 million funding round with Finch Capital in European insurtech firm Digital Insurance Group (DIG) to further drive its growth. 13 June 2018
Insurance
Bermuda-based property/casualty commercial lines re/insurer XL Group received other potential bids before sealing the deal with AXA, which agreed to pay significantly more than other suitors. 17 April 2018
Insurance
American International Group (AIG) is selling 19.9 percent of its legacy portfolio DSA Re to private equity firm The Carlyle Group. 1 August 2018
Insurance
Run-off insurer DARAG (Deutsche Versicherungs- und Rueckversicherungs-AG) has acquired Hamburg-based Hanseatica Rueckversicherungs-AG (Hanseatica) including its entire run-off portfolio. As of December 2012, Hanseatica had a balance sheet total of €38 million. 23 May 2013
News
Although market conditions in Europe remain competitive and rates in many lines are soft, Hong Kong-based Peak Re has found cedants in Europe receptive to working with an Asian reinsurer because of the diversity it offers on their panels and its innovative approach. 19 October 2015
Insurance
Tokio Marine Kiln (TMK) has appointed Reeken Patel as chief financial officer (CFO), replacing James Dover who is leaving the business after 12 years in the position. 18 September 2018
Insurance
General insurers in the UK are general face higher operating costs due to IT investments, ongoing regulatory changes and a marked increase in headcount and training, according to the latest CBI/PwC financial services survey. 27 March 2018
Insurance
Zurich Insurance Group has acquired a minority stake in insurtech start-up CoverWallet. The investment follows a commercial partnership in Europe announced in February. 8 June 2018
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