Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma August 18, 2016 Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44...
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA August 18, 2016 Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He...
China’s Ping An Eyes Overseas Acquisitions, Including in Post-Brexit UK August 18, 2016 By Julie Zhu and James Pomfret Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in...
Tropical Storm Fiona, 6th Storm of 2016, Forms in Central Tropical Atlantic August 18, 2016 By Brian K. Sullivan and Kelly Gilblom Tropical Storm Fiona, which formed more than 900 miles west of the Cape Verde Islands, is forecast to track across...
Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources August 18, 2016 By Joyce Koh, Komaki Ito and Oliver Suess Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance...
Beazley Offers Revenue Protection Cover for UK Events Hit by Wet Weather August 17, 2016 London-based insurer Beazley has launched “Cancellation Plus” for the event industry in the United Kingdom, offering event organizers revenue protection...
China’s Ping An Profit Rises 18% in 1st Half on Higher Premiums, Banking Income August 17, 2016 Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking...
Reinsurers May Reassess Cat Exposures When Normal Claims Levels Return: S&P August 17, 2016 Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger...
Delta Lloyd Returns to H1 Profit; Plans Exit From Unprofitable Markets, Cost Cuts August 17, 2016 By David de Jong Delta Lloyd NV, the Dutch insurer that shored up its capital buffers in an April rights offer, returned to profit...
Neon Appoints McPhee to Newly Created Role of Head of Political Violence August 17, 2016 Neon has appointed Gregg McPhee to the newly created role of head of Political Violence. McPhee will join Neon on...