Samsung Blames Minor Battery Defect for Galaxy Note 7 Smartphone Recall September 13, 2016 By Yoolim Lee and Sohee Kim Samsung Electronics Co. blamed a minor battery manufacturing flaw for prompting a global recall of its Galaxy Note 7 smartphones...
Hiscox Expansion of ILS Activity Includes New Collaterized Capability, Rebranding September 13, 2016 Insurer Hiscox said it is building a collateralized reinsurance insurance linked securities (ILS) capability for launch on January 1, 2017,...
R&Q Acquires Royal London General Insurance in Run-Off September 13, 2016 Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company...
Is This the Bottom of Reinsurance Cycle? Opinions Vary at Rendez-Vous September 13, 2016 By L.S. Howard It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at...
PartnerRe Taps Willis Re’s Beedle to Head Asia-Pacific September 13, 2016 By Andrew G. Simpson James Beedle will be appointed to the position of head of Asia-Pacific and CEO of Partner Reinsurance Asia Pte. Ltd....
Guy Carpenter’s Carter Moves to JLT Re’s International Division in London September 13, 2016 Reinsurance broker JLT Re has named Matthew Carter as a partner in its London Market & International Division, which is...
Fitch Sees Weak Profits Leading to Takeovers of Smaller Reinsurers September 13, 2016 Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisition activity as...
China’s Fujian Province Braces for Super Typhoon Meranti September 12, 2016 Already equivalent to a Category 4 hurricane with maximum 10-minute sustained winds of 115 knots (212 km/h, 132 mph), super...
Axis CEO Says Acquisition Still in Play Despite Striking Out on PartnerRe September 12, 2016 By Oliver Suess and Jan-Henrik Foerster Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking...
Hub International Acquires Canadian Agency, New Dimensions Underwriters September 12, 2016 Global insurance broker Hub International Ltd. has acquired New Dimensions Underwriters Ltd. Based in Edmonton, Alberta, Canada, New Dimensions is...