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Sompo Canopius to exit motor with KGM sale

Sompo Canopius is close to selling KGM and exiting UK motor six years after it bought the company for £1, The Insurance Insider can reveal.

Adam McNestrie, 07 March 2016
Disrupt thyself

It's odd how predictions of disruption and doom take forever to take hold in incumbent industries.

07 March 2016
TransRe writes giant Farmers quota share

Major reinsurer TransRe has taken over a significant portion of the whole-account quota share of the Farmers Exchanges from Zurich Insurance Company and its Farmers Re subsidiary, The Insurance Insider can reveal.

David Bull, 07 March 2016
US Treasury to submit report on effectiveness of Trip

The US Treasury's Federal Insurance Office (FIO) will submit a report to Congress addressing the overall effectiveness of the Terrorism Risk Insurance Program (Trip).

Winifred Okocha, 07 March 2016
Transport minister calls for Flood Re for SMEs

The UK's Flood Re scheme could be used as a model to help small and medium-sized enterprises (SMEs) obtain affordable flood insurance, according to the flood envoy for Yorkshire Robert Goodwill.

Winifred Okocha, 07 March 2016
China Oceanwide brings insurer under Asia Pacific brand

China Oceanwide Holdings has rebranded its P&C unit Min'an Insurance to Asia Pacific P&C Insurance, with effect from 1 March.

Catrin Shi, 07 March 2016
Ex-Zurich CEO Senn paid $6mn in 2015

Former Zurich CEO Martin Senn had his pay slashed by almost a third in 2015, but still walked away with SwF6.1mn ($6mn).

Matthew Neill, 04 March 2016
PICC Re receives regulatory approval

PICC Re is set to become China's third local reinsurer after receiving the green light from the country's insurance regulator.

Charlie Thomas, 04 March 2016
AM Best Asia Pacific director dies

Rating agency AM Best has today (4 March) announced that its commercial director for Asia Pacific has died at the age of 58.

Catrin Shi, 04 March 2016
Brexit could hit GDP by up to 7%: Axa Investment Managers

A UK exit from the European Union (EU) could cause a 2-7 percent hit to gross domestic product (GDP) over the next 15 years, according to Axa Investment Managers senior economist David Page.

Matthew Neill, 04 March 2016

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