All News articles – Page 133
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NewsCayman Islands reinsurers form industry group
The founding members of CIRCA include: Aureum Re, Barents Re, CIBC Cayman Reinsurance Ltd., Greenlight Re, Knighthead Annuity & Life Assurance Company, Nassau Re (Cayman) Ltd. and United Insurance Company.
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NewsAMNM partners with AlKoot Insurance and Reinsurance
The partnership provides AlKoot’s members access to AMNM’s world-class, patient-centric healthcare services in Qatar.
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NewsJapan’s Daiwa bets on securities underwriting business in China, CEO says
China has unveiled a slew of measures in recent years to open up its financial sector - worth trillions of dollars - to foreign firms, including banks, fund management, brokerages and insurance businesses.
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NewsU.S. appeals court upholds Trump health care price disclosure rule
A federal appeals court on Tuesday upheld a White House-backed rule to require hospitals to disclose the prices they negotiate with insurers for an array of common tests and procedures.
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NewsFTSE 100 edges higher after UK approves AstraZeneca’s COVID-19 vaccine
“The AstraZeneca approval will be a game changer for the vaccination process as it is available immediately in quantity and is easily transported and stored,” said Jeffrey Halley, a senior market analyst at OANDA.
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NewsArgo Group announces sale of its Italian business
Argo Group International Holdings has announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A (“AGA”) to Perfuturo Capital AG (“Perfuturo”), a Swiss Holding Company.
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NewsEtihad Credit Insurance certified as a Best Place to Work Company in UAE
ECI offers employee incentives such as health and family resources, promoting diversity programmes, and carrying out employee-wellness policies.
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NewsReuters: Ant weighs financial holding company to placate regulators, sources say
The regulators, mainly the central bank, want Ant to fold its wealth management and insurance distribution businesses as well as minority-owned MYbank online lender into a financial holding company, one of the sources told Reuters.
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NewsSompo International completes acquisition of Diversified Crop Insurance Services and forms AgriSompo North America
AgriSompo will be one of the largest crop insurance providers in the United States and the world, with combined gross written premiums of over $2B.
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NewsAcquisition of Vibe Lloyd’s interests
The Vibe Syndicate 5678 was placed into run-off in December 2019.
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NewsBrexit offers Britain chance to do financial services differently - Rishi Sunak, Finance Minister
“Now that we’ve left the European Union, we can do things a bit differently (in financial services),” Sunak told broadcasters.
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NewsWR Berkley Corporation forms SPI in Bermuda
Lifson Re has been capitalised with more than $250 million of equity from a small group of global investors with long-term investment horizons, including a minority participation by WR Berkley Corporation.
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NewsZoopla owner to buy most price comparison businesses of Admiral in 508 million pounds deal
Global insurer MAPFRE will also sell its 25% stake in Rastreator and 50% holding in Preminen to RVU as part of the deal.
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NewsConvex parts with SCOR to secure post-Brexit EU access
Partnering with an EU entity is one of several ways by which a UK insurer or broker can continue to trade on the continent after Brexit
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NewsAon’s $30 billion Willis Towers deal in EU antitrust crosshairs
The merger of the world’s second and third largest brokers would overtake world No. 1 Marsh & McLennan Companies Inc.
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NewsF&G Re takeover completed
Bermudian-based life reinsurer F&G Reinsurance will operate under a new brand, Aspida Re, after the takeover of the company was completed. Ares Management Corporation and its indirect subsidiary Aspida Holdings Ltd today announced the completion of Aspida’s previously announced acquisition of F&G Re, a subsidiary of Fidelity National Financial. As ...
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NewsAM Best Affirms Credit Ratings of Ghana Reinsurance Company
The ratings reflect Ghana Re’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, limited business profile and weak enterprise risk management.
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NewsSlovenia’s Sava Insurance Group plans rise in profit to 53 mln euro in 2021
The group plans to earn gross written premiums of over 685 million euro next year, up from the 640 million euro planned for 2020, Sava Re, said in a statement on Friday.
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NewsLaunch of the first parametric tropical cyclone risk insurance product in Africa
The Southwest Indian Ocean Region (SWIO) region is one of the most active areas globally in terms of tropical cyclone formation.
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NewsUS private equity firm buys majority stake in broker Specialist Risk Group
SRG has a pipeline of acquisitions planned for next year on the back of its fresh investment
