Here’s your daily Reinsurance News for Monday 19th December 2016:
Canadian P&C insurer and reinsurer Fairfax Financial Holdings is to acquire Allied World Assurance Company Holdings for $4.9 billion in cash, after the two entered into a merger agreement.
The Insurance Regulatory and Development Authority of India (IRDAI) is hoping that global reinsurance companies that are awaiting final approval will be operational in the region in six to nine months.
Analysts at Deutsche Bank have warned that reinsurers can expect pricing to deteriorate further in 2017, citing low investment returns, the benign loss experience and the abundance of capital.
Following Enstar’s launch of KaylaRe Ltd., the company has announced some executive changes, including Enstar co-founder Nick Packer being named CEO of the new venture.
Reports from India claim that the persistent occurrence of natural disasters in the region is leading some insurers to look at increasing property rates that are located in vulnerable areas.
ClimateWise has underlined the need for the global insurance industry to do more to close the $100 billion annual climate risk protection gap.
The Belarusian National Reinsurance Organization (Belarus Re) recorded premiums of $28 million during the first nine months of 2016, an increase on the same period last year.
Speaking at a recent industry event held in Bermuda, re/insurance leaders and executives explained how disruption is going to happen, and those that fail to adapt and innovate could get left behind.
The Insurance Brokers Association of Canada (IBAC) has said that residential flood insurance must be made affordable and that the government should provide a backstop.
According to reports from the region Africa Reinsurance Corporation (Africa Re) is planning to expand agriculture insurance with the help of the federal government.
Energy market analysts have said that warmer temperatures led European energy companies to hedge a substantial proportion of weather risk in 2016, according to a recent report.
The insurance unit of insurer and reinsurer Aspen, Aspen Insurance Holdings, has announced the appointment of Richard Thornton to the newly created role, Group Chief Operating Officer (COO).
A thoughtfully curated annual insurance-linked securities event in New York City from Artemis. Featuring ILS & reinsurance industry leaders speaking on forward-thinking, engaging topics.
According to people close to the matter, Generali has no plans to sell its French business to Allianz, following reports that discussions were underway.
During a recent re/insurance industry conference in Bermuda, industry leaders and executives discussed the potential for possible cuts in the corporate tax rate in the U.S. to impact the island.
According to a new study from think tank R Street Institute, the U.S. private cyber insurance market is capable of managing the majority of risks.
Reinsurer Global Indemnity Re has donated $100,000 to ten local charities and not-for-profit entities, according to reports from Bermuda.
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