Reinsurance
Partner Re agrees to Exor's $6.9bn all cash offer
Bermuda-based Partner Re has agreed to sell to Italian investment firm Exor after it made a $6.9bn (£4.4bn) all cash offer.
China Re submits application for IPO in Hong Kong
Reinsurance giant China Re has submitted an application for a listing on the Hong Kong Stock Exchange.
Peak Re hires Burri as reinsurer targets Zurich office
Jacqus Burri has been hired by Hong Kong-headquartered reinsurer Peak Re to work in Zurich.
Swiss Re delivers 11% boost to income despite 'economic uncertainty'
Swiss Re CEO Michel Liès has hailed his firm’s “solid set of figures” for the opening six months of 2015, amid “uncertainty about overall economic growth” around the world.
Income down almost 200% in Q2 at Aspen amid selective strategy
Aspen Insurance saw gross written premium fall by 7.3% to $722.8m (£464m) from $779.3m in the second quarter of 2015 as the firm reduced its exposure to certain energy-related Lloyd’s lines of business.
Aon appoints senior Swiss Re head for China roles
Qin Lu is moving from Swiss Re to take on the roles of CEO of Aon Benfield Greater China and CEO of Aon Risk Solutions, China.
Peak Re buys 50% stake in Caribbean insurer
Hong Kong headquartered Peak Re has bought 50% of Caribbean insurer Nagico for an undisclosed amount.
Peak Re targets non-Asian markets with underwriting appointment
Railovy Boyer, former head of property and casualty pricing actuarial at Partner Re Paris, has joined Peak Re as director for underwriting.
Indian reinsurer added to list of Altitude capacity providers
Altitude Risk Partners, Castel’s global aviation and space underwriting business, has added the General Insurance Corporation of India to its aviation capacity providers.
Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.
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.