Reinsurance
Swiss Re granted approval for Mumbai office
Reinsurance giant Swiss Re has been granted a branch license for India and will open up an office in Mumbai at the beginning of February.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Tailored policies and cyber set to influence market in 2017
Tailored insurance for new professions, cyber policies for SMEs, and the FCA’s consultation on the Financial Services Compensation Scheme are three key trends expected to influence the insurance market over 2017.
Brit grows Versutus sidecar to $110m
Global insurance and reinsurance firm Brit has renewed and expanded its collateralised reinsurance sidecar Versutus.
Pana Harrison aims for $100m premium following acquisition
Singapore-based Lloyd's reinsurance broker Pana Harrison (Asia) has acquired five person Labuan broker AIH Reinsurance Brokers for an undisclosed sum.
Compre acquires UK business of AG Insurance
Insurance and reinsurance legacy specialist Compre has acquired the UK business in run-off of the Belgian (re)insurer AG Insurance for an undisclosed sum.
Reinsurers face year of cost-cutting due to weaker renewals
Reinsurers face a demanding year of cost-cutting after the December contract renewal season delivered weaker prices for the fifth year in a row.
Blog: Construction cries out for planning help
Insurers and reinsurers will only be too aware of the insured losses that arise on an annual basis from the UK construction industry.
Flood claims: Under the weather
One year after Storms Desmond and Eva, schemes are now available to make cover affordable for households and small businesses in areas at risk of flooding. As barriers to resilient repairs persist, the focus is shifting to a more precise mapping of the…
Willis Re's Turner on why PPOs are ceasing to be a threat
The legal environment for the settlement of serious injury claims in the UK changed radically with the introduction of Periodic Payment Orders.
US and EU bilateral agreement on reinsurance should eliminate competitive disadvantage
Negotiations between the US and EU surrounding a bilateral agreement on reinsurance has been reiterated.
Willis Re promotes Kent
Willis Re has promoted James Kent, co-president of Willis Re and president of Willis Re North America, to global deputy CEO with immediate effect.
Axis buys aviation specialist Aviabel
Bermuda-headquartered specialty (re)insurer Axis has reached an agreement to buy Brussels and Amsterdam based (re)insurer Aviabel.
Munich Re eyes up Iran entry
Munich Re is considering plans to provide its insurance services to Iran following sanctions relief at the beginning of the year, according to Iranian news broadcaster Press TV.
R&Q wins court case over 9/11 terrorist attacks claim
A payout from claimants in the 9/11 terrorist attack has been partly recouped by Randall and Quilter against the company's reinsurer.
Argo Group acquires Ariel Re for £187m
Argo Group is to acquire Ariel Re for approximately $235m (£187m).
Munich Re's Q3 profits rise 31%
Reinsurance giant Munich Re has seen its profits climb 31% in the third quarter of 2016 compared with the same period last year.
JLT Group reports 'resilient' performance in its interim results
JLT Group has reported a "resilient" performance of its risk and insurance businesses, in its interim results for 2016, despite pricing pressures in multiple markets caused by global economic uncertainty.
Lloyd's to open Indian reinsurance branch in 2017
India's Insurance Regulatory and Development Authority has approved Lloyd's application for a reinsurance service in India.
Insurers 'must adapt lines to changing terrorist threat'
Insurers must create new lines of cover to protect against the changing threat of terrorism, according to a new report.
Europe: Berating the ratings
Fitch Ratings caused a stir when it criticised the Insurer Financial Strength ratings issued by one of its main rivals, AM Best.
Peak Re and warranty MGA Nexassure partner in Asia
Hong Kong-based extended warranty MGA Nexassure has secured a reinsurance partnership with Hong Kong-headquartered reinsurer Peak Re for insurers in Asia.
Pool Re launches international terrorism risk body
Pool Re has launched the International Forum of Terrorism Risk Reinsurance Pools.
Asia Capital Re sells to Chinese investment firms
Singapore-based ACR Capital Holdings' shareholders have agreed to sell the reinsurance firm to two Shenzhen state-owned firms.