News
Insurance
China's decision to ease restrictions on foreign ownership of financial institutions will likely pave the way for foreign insurers, fund managers and securities to invest in or compete with China's firms. 16 November 2017
Insurance
Bermuda-based AXIS grew gross premiums written in its reinsurance segment by 62 percent year on year in the fourth quarter of 2017 excluding the Novae acquisition. 8 February 2018
Insurance
A class-action lawsuit seeking $12.5 billion, or $25 for each customer whose privacy may have been jeopardized, has been filed against Marriott after the hotel chain revealed a data breach affecting 500 million customers of its Starwood hotels, according to a Dec. 1, 2018 report by The Oregonian. 3 December 2018
Insurance
UK General, a specialist personal lines managing general agent (MGA), has appointed John Spencer as non-executive chair. 5 June 2017
Insurance
Marine insurance provider Skuld has appointed Kristoffer Kohmann as the new head of its Oslo business unit Skuld Oslo 2. 30 June 2017
Insurance
Re/insurer XL Catlin has appointed Karl Fischbach as head of binding authority and brokerage for its excess and surplus (E&S) insurance operation. 22 March 2017
Insurance
The Microinsurance Consortium has named its microinsurance venture incubator (MVI), which is aimed at extending insurance protection, Blue Marble Microinsurance. 16 June 2015
Insurance
Specialist Latin American insurer Unnio Seguros Generales has completed its purchase of QBE's Latin American subsidiary, QBE Chile Seguros Generales. 29 June 2017
Insurance
Swiss Re expects to benefit from “very significant growth” potential by setting up a new hub in Singapore but is shrinking the business elsewhere to protect profitability. 4 May 2017
Insurance
Many industry participants have commented and speculated that reinsurance panels have shrunk over the past ten years. This is only true for the largest cedants, which have at the same time grown their ceding rates, according to a study titled “Buyer Trends in Property‐Casualty Reinsurance,” which analysed the US market. 21 March 2017
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