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Munich Re, Swiss Re gain India go-ahead

Munich Re and Swiss Re have received clearance from the Insurance Regulatory and Development Authority of India (Irdai) to establish a branch in the country.

Matthew Neill, 29 December 2016
New York softens proposed cyber security rules

New York regulators have today released a toned-down version of a nation-leading set of rules aimed at protecting the private information of insurance customers that incorporate many of the changes sought by the P&C industry.

Ted Bunker, 29 December 2016
Fairfax launches Africa-focused investment fund

Fairfax Financial, the insurance investment holding company that last week agreed to buy Allied World for $4.85bn, plans to set up an investment fund focused on Africa

Ted Bunker, 29 December 2016
Storms in Germany lead to $2.08bn in 2016 damage: GDV

Heavy weather in Germany led to EUR2bn ($2.08bn) in insured property losses this year, according to the German Insurance Association, which said the figure excludes auto claims.

Ted Bunker, 29 December 2016
China Cinda sells 41% of P&C unit to Shenzhen Investment

China Cinda Asset Management has agreed to sell a 41 percent interest in Cinda Property & Casualty Insurance to Shenzhen Investment Holdings for 4.22bn yuan ($607mn), the state-backed seller said today

Ted Bunker, 28 December 2016
Hannover Re and Scor get India approval for January

Hannover Re and Scor have both received final approval to set up branch offices in India, the companies said in separate announcements.

Adam McNestrie, 28 December 2016
Chubb promotes claims specialist Lambourne

Chubb has promoted Graham Lambourne to the London-based role of head of multinational claims for overseas general insurance.

Laura Board, 23 December 2016
IAG adds non-executive directors

Australian carrier IAG has added two independent non-executive directors to its board, it announced today.

Charlie Thomas, 23 December 2016
RSA hires senior UK underwriters

RSA has made two senior UK underwriting appointments within its global risk solutions business.

Laura Board, 23 December 2016
Perils pegs Eva-Frank losses at £504mn

Catastrophe loss data specialist Perils has said storms that hit the UK in December 2015 and January caused insured flood losses of £504mn ($619.2mn).

23 December 2016

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