News
Insurer American Keystone shut down
American Keystone placed into receivership with the Florida Department of Financial Services and will be liquidated after the company’s latest financials were insufficient to buy reinsurance, regulators said.
PICC raises $732m
PICC Property & Casualty, China's largest non-life insurer in terms of premiums, has completed the issuance of RMB 5bn worth of ten-year subordinated bonds (circa $732m).
Aegon gets $650m boost
Dutch insurer Aegon has made $650m in regulatory capital available to its US operations by tapping future life insurance profits in a 10-year reinsurance transaction with JPMorgan Chase.
Miller makes addition to professional risks team
Broker appoints Tony Kavanagh from Heath Lambert
Giles appoints non-executive chairman
Former deputy chief executive of Ecclesiastical joins broker
Insurance consumers increase online focus
Almost two-thirds of online insurance shoppers increase their web usage
Edge IPK and Watertrace announce London market products
Technology firm and management consultancy to offer back office solutions
AIG sells Taiwanese insurer for $2.15bn
AIG sells Taiwanese life insurer for $2.15bn to Primus.
Third quarter Cat bond activity up -Guy Carpenter
Third quarter Catastrophe bond issuance is up, according to Guy Carpenter
Hannover Re gets China license
Hannover Re has received approval to open a branch in Shanghai for non-life reinsurance.
Gallagher London hires new trade credit team
Broker recruits team from Rattner Mackenzie
Insurance trade bodies to merge
AFS and AMI merge to create new trade body.
Aon Benfield looking into acquisitions again - sources
Aon Benfield is on the hunt of acquisitions, sources have told Reinsurance.
AIG closes in on sale of Taiwanese insurance unit
State-controlled US behemoth nearing $2bn sale of Taiwanese insurance unit.