News
Alternative Risk Transfer
UnipolSai Assicurazioni, one of the biggest insurers in Italy, has placed a €45 million catastrophe bond providing it with protection against perils in Italy including atmospheric phenomena, snow pressure and flood risks (including Vatican City and San Marino Republic). 1 March 2019
Alternative Risk Transfer
Third Point Reinsurance and Hiscox Bermuda will partner in the development of a new fund management business dedicated to catastrophe reinsurance business. 1 October 2012
News
Swiss Re reported a net income of $1.1 billion for the first nine months of 2018 compared to a loss of $468 million for the same period a year ago, despite an estimated claims burden of $1.6 billion from natural catastrophes and large man-made events. 1 November 2018
Insurance
The Indian government raised about 98 billion rupees ($1.5 billion) on Oct. 13 by selling some of its shares in the nation’s top reinsurer General Insurance Corp of India (GIC Re), Reuters reported on the same day. 16 October 2017
Insurance
Ryan Specialty Group has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency (ISA), a New York-based human and social service managing general underwriter. 24 January 2018
Insurance
The US managing general agent and programme market growth in 2016 exceeded that of the total property-casualty market by 32 percent, according to a new study by Conning, an investment firm. 13 July 2017
News
The first Scandinavian-based manager of a cat bond fund will launch in 2014 subject to regulatory approval by the Swedish Financial Supervisory Authority (Finansinspektionen). 6 March 2014
Insurance
The National Flood Insurance Program (NFIP) has received more than 67,000 claims related to Hurricane Harvey as of Sept. 3, 2017. 4 September 2017
Insurance
Houston International Insurance Group (HIIG) is to acquire errors and omissions (E&O) managing general underwriter Compass Group Partners. 22 May 2014
Insurance
For an underinsured country with a large population and GDP, the next five to 10 years will be a golden period for the Chinese insurance industry, Jianzhong Pan, chairman & CEO of China Zenith Insurance, told SIRC Today. 29 October 2018
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