Reinsurance
Peak Re's head of underwriting becomes chief risk officer
Chief underwriting officer Eckart Roth will become chief risk officer at Hong Kong-headquartered reinsurer Peak Re on 1 July.
Regulator suspends large Bangladesh insurer
Standard Insurance's licence has been suspended for three months by the Bangladesh Insurance Development and Regulatory Authority.
JLT Re looks to Asia-Pacific division for global COO hire
JLT Re has appointed its Asia-Pacific region chief operating officer Craig Brokenshire as global COO.
Buffett's IAG deal gives Berkshire Hathaway platform for Asia-Pacific growth
Warren Buffett has agreed for Berkshire Hathaway to take a A$500m 3.7% in IAG in exchange for the Australian insurer's renewal rights to its large corporate book.
Swiss Re signs technology initiative with National University of Singapore
Swiss Re has signed a three year partnership with the National University of Singapore to help support the development of big data, business analytics and IT.
Osborne confirms support for insurance sector in Mansion House speech
Chancellor of the Exchequer George Osborne reiterated the government's commitment to making the City of London the leading centre for insurance and reinsurance business in his annual Mansion House Speech last night (10 June).
$1.5bn Fidelis aims to shake-up global (re)insurance market
Bermuda-based new entrant Fidelis is aiming to provide significant competition in the global (re)insurance sector after a significant investment.
Capsicum Re makes partner hire
Guy Carpenter’s Andrew Moss is to join specialist reinsurance broker Capsicum Re as a partner.
Peak Re partners with Shanghai Typhoon Institute
Hong Kong based reinsurer Peak Re and the Shanghai Typhoon Institute are partnering for research projects into the impact of tropical cyclones on the insurance market.
CII claims group calls for flood certificate prototype by 2016
The Chartered Insurance Institute new generation claims group has set a deadline of 2016 for the creation of a flood resilience certificate for household properties.
JLT appoints group finance director
Charlie Rozes is set to relieve Jardine Lloyd Thompson CEO Mike Reynolds of his group finance director duties.
Amount spent on insurance transactions has soared in 2015
The year so far has seen the most amount of money and shares spent on insurer, reinsurer and broker acquisitions since 2008 according to financial information group Dealogic.
RFIB launches life reinsurance division
RFIB Group has launched a life reinsurance unit to be led by divisional director Michael Crawcour.
C-Suite: India's foreign investor ownership controls
Seven years after the proposal was first muted, India has finally raised the foreign direct investment cap to 49%; a lawyer investigates how the ownership and control systems will work.
Pool Re unveils loss mitigation credit
Pool Re and the National Counter Terrorism Security Office have launched an initiative to provide a reduction in premium for owners of crowded sites who take loss mitigation measures.
Pool Re modernisation initiatives to launch in October
Pool Re modernisation initiatives including an updated SME proposition, risk reflective pricing and enhancements to the customer experience will take effect from 1 October.
Soft market conditions the biggest concern for reinsurers
Soft market conditions are the biggest concern for the reinsurance market, according to the results of Xuber's Global Reinsurance Survey 2015.
XL Catlin begins 'bold new world' marketing campaign
Following the completed merger of XL and Catlin, the combined entity XL Catlin has launched an "insurance for a bold new world" marketing campaign.
Peak Re makes first underwriting profit but overall profits fall 60%
In 2014 Hong Kong-based reinsurer Peak Re made a technical underwriting profit of $15m (£9.9m) despite its overall profits falling from $102.9m in 2013 to $41.6m last year.
Nepal's largest reinsurer cites $160m exposure to earthquake
The devastating earthquake in Nepal is expected to cost the largest reinsurer in the country GIC Re no more than $160m (£104m).
Interview: Julian Enoizi: A pool of knowledge
Eighteen months into his role as CEO of Pool Re, Julian Enoizi talks about the changes he has made, how a new government may affect things and offers advice to Flood Re.
Zhang to exit Markel after Shanghai office opening
Steven Zhang, chief representative of Markel's Beijing office, will be leaving the company after helping establish the Shanghai office.
Brit appoints South America expert from Swiss Re
Guillermo Eslava has left Swiss Re to become vice president, casualty reinsurance for Latin America and the Caribbean at Brit.
Reinsurance pricing pressure to continue in 2015
Ratings agency AM Best is forecasting reinsurance pricing to remain under pressure in 2015 given continued pressure from alternative capital and the lack of a price-changing event in the past few years.