high growth markets News

Willis Appoints Chapman Middle East Regional Construction Industry Leader

Willis Group Holdings, global risk adviser, insurance and reinsurance broker, has appointed Keith Chapman as Regional Construction Industry Leader for the Middle East. He is based in Dubai and his “primary responsibility will be to develop risk management solutions for …

Swiss Re’s CFO Quinn Sees No Rebound in 2014 Reinsurance Rates

Reinsurance rates, particularly for natural catastrophe coverage, probably won’t increase this year, said Swiss Re Ltd.’s chief financial officer. Prices will only begin to rise again when there is some “capital depletion” because of market volatility or a costly disaster …

AXA Buys Stake in Insurance Business of Colombia’s Colpatria

Axa SA agreed to buy a controlling stake in Colombian insurer Colpatria Seguros for €259 million ($346 million) to expand its Latin American operations. The purchase of 51 percent of the business gives the Paris- based insurer control of a …