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Japanese insurers buy stakes in Chinese agent
Japanese insurers Sompo Japan Insurance Inc and Aioi Insurance Co Ltd have each taken a 3 percent stake in a company formed by People’s Insurance Company of China Property and Casualty Co (PICC), the largest non-life company in China. Each insurer has in
20 December 2004
Allianz set to unveil restructure; job losses likely
German insurance giant Allianz has said it will announce plans for a significant restructuring later this week in a move that is likely to lead to job losses.
19 June 2006
Lloyd's Backed Film Financier Raided
Further embarrassment for film impresario Kent Walwin as Canadian company Blackwatch is raided by Mounties and files for bankruptcy The extraordinary saga of insurance backed film financing took a further twist with the news that Canadian film financi
01 July 2001
Benfield boldly goes
Brokers Benfield Group, has acquired a further 43 percent of the world’s only dedicated space insurance intermediary, International Space Brokers (ISB).
05 January 2004
RBS adds Churchill to the stable
Royal Bank of Scotland (RBS) increased its presence in the UK general insurance market last Wednesday, buying Churchill from rival banking group Credit Suisse in a £1.1bn deal.
16 June 2003
Partners continue BLG exodus
(Re)insurance specialising law firm Barlow Lyde & Gilbert's (BLG) continues to suffer from an exodus of senior lawyers.
09 November 2007
CRS prepares for run-off
Lloyd's (re)insurance intermediary CRS is poised to finalise a number of deals in preparation for run-off.
05 November 2007
Munich Re takes Chinese bow
Giant German Munich Re has become the first international reinsurer to receive a nationwide composite operating license in China as penetration into the tightly controlled domestic market gathers pace.
01 July 2003
Azerbaijan suspends Aon broking licence, reports suggest
The Azerbaijan State Insurance Supervision Service has suspended the licence of global broker Aon's Azerbaijani operations for six months, according to a report from the Fineko Agency's ABC.az website.
03 November 2010
Goshawk bounces back to profit
Failed (re)insurer Goshawk Insurance Holdings PLC has announced post-tax profits for the first half of 2007 of $1.7mn up from the $2.6mn loss it reported for the same period last year.
01 October 2007
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