Peak Reinsurance Co. Ltd., the Hong Kong-based reinsurer, announced that the company has been authorized to write life and general reinsurance business in Singapore, effective Nov. 2, 2017. “Asia is our core region. Peak Re has already built a sizable …
For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market. The German company said on Wednesday that it sold its entire stock portfolio, worth about 953 million euros ($1.1 billion), to help pay for …
A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this year, it said on Thursday. “We …
The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every year since 2002. That streak could …
Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C Business Management, and James Shepherd was appointed head of L&H Business Management. Richards will lead the Casualty Reinsurance team, starting …
The Toa Reinsurance Co. and Barbican Insurance Group announced they have received “in principle” approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be backed exclusively by Toa Re. Subject to formal approval, …
State-run General Insurance Corp. of India (GIC Re) slumped as much as 14.5 percent on market debut on Wednesday after raising 111.76 billion rupees ($1.72 billion) in the country’s biggest initial public offering in seven years. Concerns about valuations have …
AXIS Capital Holdings Ltd. announced that Steve Arora has been named chief executive officer of AXIS Re. Arora joins the company from Swiss Re where he spent 18 years in a variety of senior positions, most recently as head of …
Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third quarter. For the industry overall, Zurich-based Swiss …
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd’s, with 2016 global gross written premiums of $6 billion. The $611.5 million …
