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.

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Markel enters Lloyd’s India to write reinsurance

2018-06-11T10:19:00+01:00

US carrier Markel has been granted a license by the Indian regulator to write reinsurance business in the country through the Lloyd’s India platform.

marine maersk generic

MS Amlin builds out Asia Pacific marine and energy team

2018-06-08T09:09:00+01:00

MS Amlin has made three underwriting appointments to its Asia Pacific team as the carrier looks to expand its footprint in the region.

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Threat of violence puts Tokyo in danger of $24bn loss of output

2018-06-06T10:14:00+01:00

Of all the cities in the world, Japan’s capital is the one that faces the greatest risk to its economic output, according to a study by Lloyd’s.

Anbang

Anbang begins hunt for cornerstone investor after state intervention

2018-05-29T06:53:00+01:00

Chinese insurer Anbang has launched a bid to find a new strategic investor after its founder and former chairman was jailed over “economic crime” charges amid a state bailout.

Tokyo 2138168 1920

Japanese carriers hit by Trump tax changes

2018-05-22T07:46:00+01:00

Japan’s big three carriers posted a mixed set of results , with all of MS&AD, Tokio Marine and Sompo hit by changes to the US tax code.

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Sompo’s international profits more than double on tax gain

2018-05-18T14:57:00+01:00

Profits in Sompo’s overseas business, which includes Sompo International - formerly Endurance - more than doubled last year as the group benefited from a tax gain driven by an internal restructure.

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Losses weigh on Tokio Marine results for 2017

2018-05-18T14:23:00+01:00

Profits at Tokio Marine slipped by a quarter in 2017 as a string of catastrophe events and large losses weighed on the Japanese giant’s full year results.

Zurich, Switzerland

Toa Re launches European platform

2018-05-17T08:48:00+01:00

Japanese reinsurer Toa Re is expanding its operations to Continental Europe with a Zurich-based underwriting platform.

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Anbang founder handed 18 year prison sentence

2018-05-10T08:08:00+01:00

The founder and former chairman of Chinese insurance giant Anbang, Wu Xiaohui, has been sentenced to 18 years in prison after a trial in a Shanghai court in which the executive pled guilty to fundraising fraud and embezzlement.

singapore skyline

Canopius takes Aspen duo to bolster Singapore team

2018-04-26T13:23:00+01:00

Canopius has plucked Yann Marmonier and Paul Hackett from Aspen as it builds out its team in Singapore.