News
Insurance
American International Group’s US casualty business has performed significantly worse than expected by the firm in recent years, resulting in a $3 billion loss in the fourth quarter of 2016 as the company reacted by striking a reinsurance deal and significantly increasing claims loss reserves. 17 February 2017
Insurance
Zurich Insurance Group has integrated two of its commercial insurance units into a single division in the Asia Pacific (APAC) region and appointed division heads. 17 February 2017
Insurance
The Indian insurance market has recorded significant premium growth in between April 2016 and January 2017, but AM Best warns on growing risks. 16 February 2017
Insurance
Specialty re/insurance provider Lancashire Holdings has called 2016 a difficult year, with net operating profits falling 17 percent compared to 2015. 16 February 2017
Insurance
Qatar Re, a subsidiary of Qatar Insurance Company, has promoted Luke Roden and Michael van der Straaten to the position of chief underwriting officer (CUO), following the departure of Alastair Speare-Cole. 16 February 2017
Insurance
Argo Pro, a subsidiary of specialty re/insurer Argo Group, has partnered with BlueChip Underwriting Services to provide transactional risk insurance to facilitate mergers and acquisitions. 16 February 2017
Insurance
AM Best believes the Saudi insurance market has turned the corner following a period of underwriting volatility. 16 February 2017
Insurance
NN Group, a Dutch insurance and asset management company, has appointed Satish Bapat as CEO of NN Investment Partners and as a member of the group's management board. 16 February 2017
Insurance
Sapiens International, a global provider of software solutions for the insurance industry, has acquired StoneRiver for an all-cash deal of $102 million to expand its footprint in the US property/casualty (P&C) market. 16 February 2017
Insurance
US-based global health service company Cigna has called off a proposed merger agreement with Anthem following an order from the US District Court for the District of Columbia and demands more than $14.85 billion compensation from Anthem. 15 February 2017
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