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Reported Tianjin losses approach $1.5bn

Declared losses from August's Tianjin port explosions are now nearing $1.5bn, after eight carriers reported their Q3 results last week.

Catrin Shi, 09 November 2015
Fosun chasing legacy opportunities

Chinese conglomerate Fosun has been surveying the market for opportunities in the run-off space, The Insurance Insider understands.

Adam McNestrie, 09 November 2015
Benchimol: sector needs public-private partnerships

Axis Capital's president and CEO Albert Benchimol has called for governments and insurers to work more closely together, and for public-private partnerships (PPPs) to be considered both in Asia and beyond.

Charlie Thomas, 09 November 2015
Hannover Re provides capacity for Hobrow MGA

NexAssure, the Kuala Lumpur-based extended warranty specialist led by former Whittington CEO Tony Hobrow, has signed a capacity deal with Hannover Re (Malaysia) to launch a managing general agency (MGA) in Hong Kong, subject to regulatory approval.

Charlie Thomas, 09 November 2015
Korean Re to launch Chinese platform

Top-10 reinsurer Korean Re is set to launch a capitalised carrier with a representative office in the Chinese city of Shanghai, The Insurance Insider can reveal.

Dan Ascher, 09 November 2015
SAIB becomes first Chinese Lloyd's broker

Shanghai Asian Insurance Brokers (SAIB) has become the first Chinese intermediary to become a registered Lloyd's broker, The Insurance Insider can reveal.

Charlie Thomas, 09 November 2015
Apollo had tech firm vision for Xchanging

Private equity firm Apollo had ambitions to transform Xchanging into an insurance technology company had it proceeded with a formal bid for the business, The Insurance Insider has learned.

Catrin Shi, 09 November 2015
Novae to launch E&S sidecar with Securis

Lloyd's managing agency Novae has secured approval from the Corporation to establish a special purpose syndicate (SPS) with capital backing from major alternative fund manager Securis, sister title Trading Risk reported late last week.

Adam McNestrie, 09 November 2015
Willis-Towers Watson deal imperilled by proxy calls

Towers Watson and Willis have issued strong statements reiterating what they see as the value of their proposed merger after two major proxy firms urged the consultancy's shareholders to reject the deal.

Charlie Thomas, 09 November 2015
The proof of the pudding

Great news to see that some of the enabling legislation required for the UK to become a domicile for insurance-linked securities (ILS) business has now been put before Parliament.

Mark Geoghegan, 09 November 2015

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