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PRA defers SII external audit decision
UK regulator the Prudential Regulation Authority has deferred its decision on whether carriers can use external auditors to assess their Solvency II capital disclosures, it announced today (4 July)
04 July 2016
CIRC expands insurer infrastructure investment
The China Insurance Regulatory Commission (CIRC) has amended its investment rules to allow insurers in the country to invest in infrastructure projects
04 July 2016
Sirius Bermuda gets A rating with negative outlook
Sirius' new Bermuda-based company has been assigned an A financial strength rating by AM Best, with a negative outlook that reflects the credit profile of its new parent China Minsheng Investment (CMI).
04 July 2016
Capita appoints Powell as chairman
Insurance outsourcing agency Capita has announced the appointment of Ian Powell as non-executive chairman from 1 September 2016
04 July 2016
Fujian Yango makes Phoenix bid
Israeli energy conglomerate Delek Group has signed a memorandum of understanding (MOU) with Chinese holding company Fujian Yango Group to sell its stake in insurer Phoenix Holdings for 1.8bn shekels ($462mn).
04 July 2016
Tower acquirer ACP Re downgraded
Tower Group acquirer ACP Re has been downgraded to B++ from A- by AM Best after it failed to submit financial statements for 2015.
04 July 2016
China launches earthquake insurance policy
China's first earthquake insurance policy was unveiled last week (1 July) as a first step in an effort to establish catastrophe insurance in the country
04 July 2016
Swiss Re Corporate Solutions appoints LatAm chief
Swiss Re Corporate Solutions has promoted Axel Brohm to CEO of its Latin American business, the company announced today (1 July).
01 July 2016
Gable suspends shares pending annual report
Liechtenstein-based carrier Gable has suspended the trading of its shares on the Alternative Investment Market exchange pending the publication of its 2015 accounts.
01 July 2016
Beazley brings in LaSala as non-executive director
London-listed Beazley has appointed Christine LaSala as a non-executive director, effective today (1 July).
01 July 2016
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