Saudi Arabia Develops Stronger Capital Rules for Insurers
Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller number of stronger market players operating in the country, two…
Swiss Re estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes
Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion…
Dutch Insurer Aegon eyes new acquisitions
Aegon NV, the Dutch insurer which generates most of its business from the U.S., is scouting for acquisitions and has looked at companies including smaller rival ASR Nederland NV amid…
AXIS Capital names Swiss Re’s Steve Arora as Reinsurance CEO
AXIS Capital Holdings Ltd. Has informed that Steve Arora has been named chief executive officer of AXIS Re. He has extensive international experience and leadership capabilities and has been recognized…
Swiss Re develops solutions to help clients address new challenges
Swiss Re sees growing demand for new reinsurance solutions that help clients manage their portfolios and expand into new segments and markets. Technological advancements are ushering a new generation of…
Lloyd’s emerging risk report
While digitisation is revolutionising business and daily life, it is also making the global economy more vulnerable to cyber-attacks. As the cyber threat grows so the demand for cyber insurance…
Rideshare Driver Endorsement by PEMCO
An auto policy endorsement for rideshare drivers was launched by PEMCO Insurance Company. The rideshare endorsement enables drivers to use their personal auto policy to fill coverage gaps and enhance…
$1.5 Billion Hong Kong IPO initiated by China’s largest insurer
The largest online insurer in China, ZhongAn Online P&C Insurance Cohas been taking orders for a Hong Kong Initial Public Offering to raise around $1.5 billion. As per the terms…
Tough Regulations for foreign exchange trading by EU
New European Union regulations on foreign exchange trading turns out to be harder and more expensive to manage currency risk especially for large financial counter parties such as hedge funds…
Diplomatic Crisis leads to closure of UAE Branch of Qatar Insurance
Qatar Insurance Co. informed recently that its Abu Dhabi branch, open since 2002, would be shut due to non renewal of license, which is a sign of region’s diplomatic crisis…