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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
Final RSA LatAm sale closes
The sale of RSA's Uruguayan arm to Suramericana has closed to complete the Colombian insurer's acquisition of RSA's Latin American operations
01 July 2016
Zurich UK GI head Sharma leaves
Vibhu Sharma has resigned from his position as head of Zurich's UK general insurance (GI) business, the company announced today (1 July).
01 July 2016
Kumamoto quake losses surpass modelling estimates
Claims from the earthquake that struck Japan's Kumamoto prefecture in April edged up 3.6 percent in the last week to hit 329bn yen ($3.2bn), according to the General Insurance Association of Japan
01 July 2016
PartnerRe revamps business structure
PartnerRe has restructured its business into three worldwide segments, effective 1 July, it announced yesterday (30 June).
01 July 2016
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