Asia
Prudential in takeover talks with AIG
UK insurer Prudential is in talks with AIG about buying the beleagured insurer's Asian operations in a multi-billion dollar deal.
Allianz GI arm reports a drop in 28% drop in operating profit
The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.
Dai-ichi Life plans $11.7bn IPO
Dai-ichi Life aims to raise about Y1,070bn ($11.7bn) when it lists in Tokyo on April 1, in what would potentially be the largest initial public offering since Visa’s $19.7bn listing in 2008.
FM Global becomes admitted reinsurer in Labuan (Malaysia)
Property insurer FM Global has become an admitted reinsurer in Labuan, a federal territory in Malaysia, to serve its clients’ reinsurance needs in the region.
Lancashire appoints energy chairman
Lancashire Holdings has appointed Len Messenger as chairman of energy for its UK operating subsidiary, Lancashire Insurance Company.
Gen Re health business opens in Japan
Gen Re—one of Berkshire Hathaway's reinsurance arms—is opening a branch office for its life and health reinsurance business in Tokyo.
Insurer to branch out
International medical insurer ALC Health has revealed plans to open additional offices in the Far East and Eastern Europe over the next 12 to 18 months, after appointing a new head for Europe.
Former Lloyd's Asia boss joins Markel
Markel International has appointed former head of Lloyd’s Asia, Simon Wilson, as director, international development.
Frank O'Halloran voted to Insurance Hall of Fame
QBE chief executive Frank O'Halloran has been elected to the International Insurance Society's Insurance Hall of Fame.
THB grows international treaty team
THB hires three senior brokers from RFIB
Pick of the week
Kerry London raise funds for acquisition drive; Lamp plans stock market flotation; DAS set to announce 2009 loss; GAB director defects to Cunningham Lindsey.
Markel International strengthens Asia Pacific team
Simon Moi joins the team in Singapore
Mitsui first Japanese trading firm to invest in Lloyd's syndicate
Mitsui, the Japanese insurance giant, has become the largest shareholder of ACAL in Singapore, the sole capital provider for Syndicate 1965 at Lloyd's.
Axa Taikang Life sale on hold
The auction for Axa's stake in China's Taikang Life has been put on hold amid growing concerns about new rules drafted by China's insurance regulator
Validus opens new Singapore office
Bermudian reinsurer gets permission to open new office in Asia
Aviation reinsurance rates to rise 10-15%
GIC India and other sources claim that they are looking to raise their aviation reinsurance rates by 10-15% for 2010 renewals.
Whittington strengthens management team in Asia
James Kim has been appointed as Whittington Asia Pacific country manager in Hong Kong.
AIG's AIA unit to float
Hong Kong chosen as the destination for IPO.
Swiss Re, Scor in cat bond launches
Swiss Re and Scor launch Cat bonds.
Insurers and reinsurers to continue recovery in 2010
Insurers and reinsurers to continue recuperating from the problems of 2008, according to Swiss Re.
Total catastrophe losses fall in 2009
The total cost of natural catastrophes and man-made disasters in 2009 fell to $52bn from $267bn in the 2008, a survey from Swiss Re has shown.
Low interest rates could topple insurers, Baloise
Continued low interest rates could cause some insurers to collapse according to the chief executive of Baloise.
Tokio Marine joins forces with Edelweiss Capital
Tokio Marine to invest $117.6m in life insurance joint venture with Indian Edelweiss Capital