Reinsurance
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.
Qatar Re granted Singapore license
Qatar Re has been granted a license to operate in Singapore.
XL Catlin's Simon Cook on the role of reinsurers in cyber
Data breaches, ransomware attacks and social media scams are all making the headlines and are the stuff of nightmares for risk managers. It’s not surprising then that the insurance industry has been occupied with trying to develop solutions that respond…
Top 30 European insurers 2016: At the top of their game
A lack of large natural disasters, favourable exchange rates and a number of sizeable mergers have seen many of the top 30 European insurers weather the tough environment and climb the rankings
Europe: Bermuda and its Solvency II equivalent meet the highest standards
Bermuda has been granted equivalent status under the Solvency II directive, besides being approved as a qualified jurisdiction by the US National Association of Insurance commissioners.
Peak Re completes 50% acquisition of Caribbean insurer
Hong Kong-based reinsurer Peak Re has completed the 50% acquisition of Caribbean-insurer Nagico.
XL Innovate backs peer-to-peer start-up Lemonade with 'significant investment'
XL Innovate has made a "significant investment" in peer- to-peer insurance company Lemonade.
Catastrophes force $31bn global payouts in H1
Insurers paid out $31bn (£23.5bn) in the first half of the year as a result of catastrophes, an increase of 51% over last year.
Munich Re CEO confident on pricing after increase in catastrophes
Nikolaus von Bomhard, Munich Re's CEO, has said reinsurance prices are bottoming out based on July's renewals.
Natural catastrophes hit Munich Re's first half profits; CEO warns on Brexit
Reinsurer on track despite Munich Re's 24.4% first half operating profit fall to €1.4bn (£1.2bn) compared with €1.9bn in H1 2015.
Europe: Reinsurance trends in 2016 and beyond
Reinsurance and global risks are by nature linked, since the reinsurance business is all about risk. To better understand reinsurance trends a look at the global risk landscape is required.
Europe: Impact of the Insurance Act on reinsurers
The Insurance Act is coming into force in two weeks and it will have a significant impact on reinsurers. Here is what they should watch out for in particular.
S&P warns on offshore reinsurers using hedge fund strategies
Ratings agency Standard & Poor's is concerned there could be "carcasses on the side of the road" for offshore reinsurers using hedge fund strategies.
Beazley CEO celebrates 10 years in Asia; investigates Ireland passport
Andrew Horton, CEO of Beazley, is in Singapore this week to celebrate 10 years writing business in the continent.
Consolidation looms for European non-life market warns Eiopa
Further consolidation and M&A activity is looming for the European general insurance sector if low interest rates continue, the European Insurance and Occupational Pensions Authority (Eiopa) has warned.
Munich Re subsidiary to axe around 1,800 jobs in Germany amid 'brutal' cost cutting
Munich Re’s primary insurance group, Ergo Group, has announced plans to lower its cost basis and inject a total net figure of €1bn to 2020, but 1,800 jobs will go as part of the changes.
Sport: High stakes for large events
Sports fans are about to enjoy two major events: the UEFA Euro in France and the Olympic Games in Brazil. As millions of people prepare to visit the host nations and crowd multiple venues, insurance has a crucial role to play.
Munich Re sees profit tumble in first quarter
Munich Re has seen its quarterly profits fall by 45%, causing the group to revise downward its annual profit forecast.
Everest Re appoints Knipper as Europe head
Stephan Knipper has joined Everest Re as managing director for Continental Europe, based in Zurich.
Swiss Re names Moses Ojeisekhoba as reinsurance CEO
Swiss Re has appointed Moses Ojeisekhoba to replace Christian Mumenthaler as the firm’s CEO of reinsurance.
Traditional reinsurance capital down $13bn, offset by non-traditional sources
Reinsurance capital fell 3.5% or $13bn (£9bn) in 2015 within traditional sources but non-traditional sources saw continued growth, up $70bn according to the latest Reinsurance Market Report from Willis Re.
BP Marsh buys 20% of Asia Reinsurance Brokers
Investment firm BP Marsh & Partners has acquired a 20% stake in Singapore-headquartered Asia Reinsurance Brokers for S$2.4m (£1.2m).
Reinsurance broker hires two JLT execs for marine and energy
Capsicum Re has appointed Alistair Lockhart-Smith and Jerry Reeves to its marine and energy specialty business, as a managing partner and partner respectively.
Panama Papers leak could expose insurers to wider claims
Insurers could be hit hard as a result of the fallout from the Panama Papers data leak, according to lawyers.