Reinsurance
Mitsui Sumitomo in talks to buy Amlin
Japan's Mitsui Sumitomo is in talks to buy Lloyd's (re)insurer Amlin according to Nikkei.
Former Zurich CEO Riddell returns to Pool Re as non-exec
Pool Re has recruited former Zurich Global Corporate boss Geoffrey Riddell as a non-executive director.
LMA poll highlights casualty underwriters' fears for reinsurance market
The majority of casualty treaty underwriters polled by the Lloyd’s Market Association believe the international reinsurance market is in danger of repeating historical mistakes by offering more relaxed terms and conditions.
Fosun's insurance profits increased 15-fold in first half
Chinese conglomerate Fosun's insurance profits in the first six months of 2015 climbed 1463% to 1.79bn yuan (£182m) compared to the same period last year.
Peak Re grows strongly in Europe and the US
Hong Kong-based reinsurer Peak Re is growing strongly in Europe and the US.
Win John Lewis vouchers with Post's natural hazard survey
Post, in partnership with the Met Office, is running a natural hazard risk survey to provide in-depth insights into how insurers manage these risks to improve underwriting performance and mitigate claims exposures.
Chinese property group raising money for Asia-Pacific reinsurer
Chinese property company Oceanwide Holdings is planning to launch an Asia-Pacific reinsurer.
Australian storm contributed to Berkshire Hathaway Q2 underwriting loss
Berkshire Hathaway Reinsurance's profits fell to an underwriting loss in the second quarter after a storm in Australia cost it $115m in losses.
Munich Re upgrades profit estimate after drop in major losses
Munich Re has upgraded its profit forecast for 2015 to above €3bn after tax (£2.1bn) on the back of encouraging second quarter results.
Pen PI team gets 'A' rated capacity boost from Qatar Insurance Group
Pen Underwriting, the Arthur J Gallagher-owned managing general agent collective, has signed a long-term capacity deal for its solicitors' professional indemnity division with Qatar Insurance Company Europe.
Tiger Risk Parners targets China with Hong Kong office
US-headquartered reinsurance broker and strategic advisor Tiger Risk Partners has opened its first office in Asia.
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.