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Allianz & HSBC extend bancassurance partnership by 15 years

July 1, 2022

Via: Reinsurance News

Allianz Asia Pacific (Allianz) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) have extended their exclusive bancassurance distribution agreement by 15 years. Since 2012, the strategic partnership between Allianz and HSBC in Asia Pacific has formed a strong and […]


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Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

June 28, 2022

Via: Insurance Journal

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time […]


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Resolution Re enters reinsurance agreement with Dai-Ichi Life

June 22, 2022

Via: Reinsurance News

Resolution Re, part of global life insurance group Resolution Life, has entered into a reinsurance agreement with Dai-Ichi Life, a large life insurer in Japan. The agreement includes the transfer of a closed book of whole of life policies totalling […]


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Insurance Business America announces major report partnership

June 21, 2022

Via: Insurance Business

Insurance Business America (IBA) has teamed up with the Latin American Association of Insurance Agencies (LAAIA) for a special report. Founded in 1969 as “the voice of independent insurance agents,” LAAIA aims to ensure a healthy insurance environment by providing […]


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Insurance company cancels all its 29,000 policies in Louisiana

June 17, 2022

Via: Insurance Business

Louisiana insurance commissioner Jim Donelon recently held a press conference to address the cancellation of about 29,000 policies by the insurance company Lighthouse Excalibur. Years of severe storms have led to expensive insurance claims in the state, overwhelming insurance companies […]


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Berkshire Hathaway Specialty Insurance Opens Office in Lyon, France

June 2, 2022

Via: Insurance Journal

Berkshire Hathaway Specialty Insurance (BHSI) announced it has further expanded its presence in Europe with an office in Lyon, France. “As we continue to grow steadily across Europe, the time is right to expand with an office and expanded team […]


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Zurich sells Russian business

May 23, 2022

Via: Reinsurance News

Global insurer Zurich has agreed to sell its business in Russia to eleven of the unit’s team. The firm said that under its new owners, the business will operate independently under a different brand, while Zurich will no longer conduct […]


News

Slowdown in European insurance M&A over Q1

May 16, 2022

Via: Reinsurance News

New market research by FTI Consulting shows a slight slowdown in European insurance M&A deal volumes relative to Q1 2021, which it says were affected by macro trends such as the pandemic and the Russia-Ukraine conflict. In part, analysts noted […]


News

FedNat seeks to downsize ahead of reinsurance squeeze

May 10, 2022

Via: Reinsurance News

Michael H. Braun, CEO of Florida based primary insurer FedNat, has revealed that the company is seeking to become “much smaller, with significantly fewer policies in force,” ahead of what it anticipates to be an extremely challenging mid-year renewal period. […]


News

Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia

May 6, 2022

Via: Insurance Journal

The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a law preventing foreign-owned jets from leaving the country without state permission. Dubai Aerospace Enterprise booked a $538 million write-off for […]