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Indian reinsurer GIC Re will seek growth by extending its reach to the US and Latin American markets, while working on an initiative with the Indian government to create a natural catastrophe pool in India. 14 September 2015
Insurance
Endurance Specialty has terminated its offer to acquire Aspen Insurance. It blamed its withdrawal on Bermuda’s corporate governance laws and an unwillingness of Aspen's shareholders to take a stand against what it called the defensive self-preservation tactics of the Aspen board. 31 July 2014
Insurance
The UK saw the cost of fraudulent insurance claims rise to a record £1.3 billion in 2013, an increase of 18 percent on the previous year. 2 June 2014
Insurance
Kevin Hancock and Andrew Gibbons have been appointed as chairman and deputy chairman respectively, of the British Insurance Brokers’ Association’s (BIBA) new Smaller Brokers' Advisory Board. 25 February 2014
Insurance
An increase in foreign exchange volatility in the second quarter of 2016, enhanced further by the surprising result of the UK’s EU referendum vote, has distorted the performance of re/insurance companies during the period. Making more use of hedging for foreign exchange risk could ease such distorting effects from companies’ profit and loss accounts, experts claim. 26 August 2016
News
Reinsurers have lost sight of how exposures have grown and have too quickly forgotten the big losses that hit the region just three years ago, Pietro Toffanello, head of property-casualty business in Asia Pacific for Gen Re, told EAIC Today. 2 November 2014
Insurance
Reinsurance Group of America (RGA) has posted a disappointing set of results for the first quarter of 2014, which its chief executive admitted were below expectations. 24 April 2015
Insurance
The US state insurance regulator National Association of Insurance Commissioners (NAIC) is asking for clarifications on the negotiated covered agreement between the EU and the US which removes collateral and local presence requirements for reinsurers from the opposite side of the Atlantic, and suggested that the agreement might have to be renegotiated. 17 March 2017
Alternative Risk Transfer
As the ILS market grows, so too does secondary trading in this asset class. Intelligent Insurer looks at how a deepening of this side of the market could encourage investors and ultimately benefit re/insurers. 26 January 2015
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