U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report January 16, 2020 Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation,...
Gemini, Seeing Insurance As Key to Future of Virtual Currency, Starts Own Captive January 16, 2020 By Suzanne Barlyn U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost...
China’s Fosun Considers Sale of German Insurer Frankfurter Leben: Sources January 16, 2020 By Dinesh Nair, Manuel Baigorri and Jan-Henrik Förster Chinese conglomerate Fosun International Ltd. is exploring options including a potential sale for its German insurance business Frankfurter Leben Holding...
Generali’s Europ Assistance Opens Office in Thailand January 16, 2020 Europ Assistance, the Generali subsidiary, announced it has opened an office in Thailand, expanding the company’s commitment to the Asia...
Chubb Names Côté as Head of Major Accts, Europe; Brionne as France Country President January 16, 2020 Chubb announced a series of changes to its European leadership team: a new head of Major Accounts for Europe; a...
Al Mannai Appointed Group CEO of Qatar Insurance Group January 15, 2020 Salem Khalaf Al Mannai has been appointed group CEO of Qatar Insurance Group, effective Jan. 1, 2020. Al Mannai has...
Severe Storms Expected to Bring Relief, New Risks to Bushfire-Stricken Australia January 15, 2020 By Lidia Kelly Severe storms are expected to bring some relief in the coming days from huge bushfires scorching Australia but the heavy...
U.K. Broker Tysers Invests in Bermuda-Based MGA, Helix Underwriting Partners January 15, 2020 Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general...
Ed Broking Appoints Kelley from Sompo Int’l as Head of Bermuda Liability Division January 15, 2020 Ed, the global reinsurance, wholesale and specialty broker, announces the appointment of Colin Kelley as head of Ed’s new Liability...
Spike in Piracy in Singapore Strait Prompts Calls for Improved Security January 15, 2020 By Aradhana Aravindan and Roslan Khasawneh Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise...