Gross-cat-reinsurance

IAG increases reinsurance spend by almost half in 2018

2018-08-15T09:48:00+01:00

Australia’s second-largest insurer IAG said it is experiencing “modest upwards pressure on reinsurance rates” as the firm published its FY results to June 2018.

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StarStone launches casualty consortium in Australia

2018-08-13T09:16:00+01:00

StarStone has launched a casualty consortium targeted at the Australian and New Zealand markets.

Tokyo street

Tokio on the hook for $452mn flood losses as international units suffer

2018-08-10T09:40:00+01:00

Japanese carrier Tokio Marine Holdings expects to pay out 50bn yen ($451.8mn) for losses stemming from heavy rain in the country last month.

Tokyo japan skyline

Sompo International profits slip on combined ratio creep

2018-08-10T07:48:00+01:00

Profits at Japanese giant Sompo’s eponymous international unit, which was built out of the 2016 acquisition of Endurance, dipped 4.5 percent in the most recent quarter after a modest spike in the segment’s combined ratio. 

singapore skyline

Qatar Re closes its Singapore office

2018-07-23T07:53:00+01:00

Qatar Re has continued to streamline its business after last year’s heavy losses with the closure of its Singapore branch office.

Japan flood

Japanese flood losses likely to top $1bn

2018-07-10T07:43:00+01:00

Economic losses from flash floods and mudslides that have devastated parts of southern Japan in the past two weeks are likely to exceed $1bn, according to an early estimate from Aon.

Tokyo japan skyline

US and European deals getting too expensive for Tokio Marine

2018-06-26T07:23:00+01:00

The boss of Japanese insurance giant Tokio Marine has said that deals in Europe and the US were growing too dear - even for his firm’s $9bn warchest.

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Sirius in $2.2bn Nasdaq deal to assist with M&A; Israeli deal terminates

2018-06-25T16:38:00+01:00

Chinese-owned Sirius International has reverse-merged into a US listed company in a move intended to assist with its international M&A plans, which are thought to have been hampered by regulators closely scrutinising deals by privately-owned Chinese financial companies.

Peter harris cbl

CBL administrators delay watershed meeting as talks drag on

2018-06-22T13:09:00+01:00

The administrators for defunct New Zealand carrier CBL have put on ice plans for a meeting to establish the insurer’s fate as they work to thrash out a last-ditch deal with the firm’s directors.

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IAG sells three Southeast Asia businesses

2018-06-19T07:33:00+01:00

Australian carrier IAG has agreed to sell its majority stake in its Thai, Indonesian and Vietnamese operations in a series of transactions which should net the company around $200mn.