emerging markets News

Technology, Supply Chain & Regulation Top ACE Europe’s List of EMEA Risks

A list, compiled by the ACE European Group, sets out the “new wave of interrelated, fast-changing risks, reflecting rapid changes in the global economic landscape and the increasing role of technology and multinational expansion as growth drivers, tops the list …

XL Catlin Appoints Plessis as Head of Emerging Markets

XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis will lead the development of emerging market strategies, partnering with business leaders across XL Catlin to explore …

Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re

The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest “sigma” study. The life sector returned to positive growth, with …

Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform

Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets. The new underwriting cell will be focused on the emerging markets regions including, but not limited to, MENA and the …

European Insurance Forum Examines a Changing World

With the long journey towards a unified regulatory system for insurance in the European Union – Solvency II – finally appearing to be near its end, the re/insurance industry has realized that even greater challenges need to be addressed – …

A.M. Best: Middle Eastern Insurance Market Primed for M&As, Stakebuilding

Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy shareholders’ expectations, according to a briefing issued by A.M. …

Old Mutual Q1 Sales Rise 18% on Growth in Emerging Markets Business

Old Mutual plc, the London-based insurer, said first-quarter sales gained 18 percent as revenue from operations in Africa jumped by a third. Gross sales increased to 7.3 billion pounds ($11.5 billion), from 6.3 billion pounds a year earlier, Old Mutual said in a …

Old Mutual’s Full-Year Profit Falls 8% on Currency Fluctuations

Old Mutual plc, Africa’s biggest insurer, said 2014 profit fell after the average rate of the South African rand weakened 18 percent against the pound. Net income from continuing operations declined to 902 million pounds ($1.39 billion) from 980 million pounds …

Africa Provides Insurers With New Business Opportunities

Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog Investments. “We’re at an immense inflection point in history where millions of people …

Aon Benfield’s COO Explains How He Implements a Complex Strategy

Aon Benfield’s COO Michael Moran shares Chicago roots with Aon and a lot more as he oversees the implementation of the strategy for its $30 billion a year reinsurance division. He discussed just what that entails in an interview at …