Investments in Insurtech Expected to ‘Keep Booming’ in 2017: KPMG Report February 23, 2017 By L.S. Howard Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth...
Vice Chair of State-Owned People’s Insurance Group of China in Corruption Probe February 23, 2017 The vice chairman of state-owned People’s Insurance Group of China is being investigated for alleged discipline violations, the ruling Communist...
Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS February 23, 2017 The initial estimate of the insured property market loss for extra-tropical cyclone Egon, which hit France and Germany in January,...
China Regulator Puts Brakes on Insurers’ 3-Year, $100-Billion Buying Spree February 23, 2017 A regulatory clampdown on speculation by insurers and new limits on outbound capital flows are causing one of China’s most...
EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England February 23, 2017 By Huw Jones EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’...
Willis Towers Watson Plans to Acquire French Aviation Broker, OAAGC February 22, 2017 Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book...
Allianz Officially Launches Its Moroccan Subsidiary February 22, 2017 The Allianz Group has officially launched its Moroccan subsidiary, Allianz Maroc, which has has been a part of the Allianz...
Insured Losses from New South Wales’ Bushfires & Hailstorms Pass US$53.7M February 22, 2017 Combined losses from the two New South Wales catastrophes of bushfires and hailstorms, have passed A$70 million (US$53.7 million), according...
Ironshore International Hikes Capacity to $400M for Terrorism & Sabotage Cover February 22, 2017 Ironshore International has increased capacity for Terrorism & Sabotage programs to US$400 million, an increase from the current U$375 million...
AXIS Insurance Taps Beazley’s Brown to Lead London Market MGA Growth February 22, 2017 AXIS Capital Holdings Ltd. announced that Julian Brown has joined AXIS Insurance as vice president and underwriter, responsible for leading...