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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
Howden Broking Group, part of Hyperion Insurance Group, has acquired two Colombian insurance brokers, Wacolda and Proseguros. 17 February 2014
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
News
K Sanath Kumar, acting chairman-cum-managing director of GIC Re, called for greater collaboration between the re/insurance industry, government and global bodies such as the World Bank at a round table held by the Indian reinsurer at the 13th Singapore International Reinsurance Conference yesterday (Tuesday November 3). 3 November 2015
Alternative Risk Transfer
Hiscox enjoyed strong growth in the first quarter of the year with its ILS business and speciality lines portfolio making up for tough market conditions in other lines including its reinsurance business Hiscox Re. 12 May 2015
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
Marsh & McLennan (MMC) is to acquire a 34 percent share in South African insurance and investment consultant Alexander Forbes. The broker said the deal will broaden its exposure to the growth prospects present in South Africa and sub-Saharan Africa. 25 June 2014
Insurance
RenRe's planned acquisition of Platinum Underwriters has caused mixed reviews amongst rating agencies. 26 November 2014
Insurance
Climate change is real and has catastrophic implications if not managed and prepared for. The re/insurance industry must collaborate with all other parties to get a grip on the consequences of global warming, says K Sanath Kumar, acting chairman-cum-managing director, GIC Re. 30 October 2015
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