Latest Regional Headlines

The following news stories feature information regarding the Europe, Middle East & Africa marketplace.

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Aon CEO: Health, Cyber Among Group’s Strongest Growth Prospects : Health care, cyber and mortgage are among strong growth opportunities for Aon plc in fast-changing markets, said the group’s chief executive officer. “As the world increasingly faces political and regulatory changes or eco...
Date: April 26, 2019
AM Best Revises Outlooks to Positive for Insurance Company London-Almaty JSC : AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of “b+” of Insurance Company London-Almaty JSC (London-Almaty) (Kaza...
Date: April 26, 2019
Axis Capital CEO: Japan Renewals, Lloyd’s Consolidation Supply Growth Momentum : Strong reinsurance renewals in Japan and the integration of its Novae acquisition amid underwriting improvements at Lloyd’s are placing Axis Capital Holdings Ltd. in a strong position, said the group’s chief executive officer...
Date: April 25, 2019
AM BestTV: Consolidation Underway in Kazakhstan Insurance Market, Says AM Best Senior Financial Analyst : In this episode of AM BestTV, Yevgine Asatryan, senior financial analyst, AM Best, said the insurance market in Kazakhstan continues to develop and faces a variety of market and regulatory adjustments. Click on http://www.amb...
Date: April 25, 2019
India Nonlife Market Grew 13% in Financial Year 2019 : India’s nonlife insurance market posted a growth of 13% in the financial year ending March 2019, with total premiums of 1.7 trillion rupees (US$24.3 billion), according to latest data from the Insurance Regulatory and Develop...
Date: April 25, 2019
Marsh & McLennan CEO: Growth Expected With JLT Acquisition Complete : Marsh & McLennan Cos. is expecting continued growth in its broking and consulting businesses with the closing of its Jardine Lloyd Thompson Group plc acquisition, said its chief executive officer. The recent closing of the...
Date: April 25, 2019
Aviva Names UK Chief Amid Senior Management Changes : Aviva plc said its U.K. insurance chief has stepped down amid other management changes after the multiple-line insurer’s recent naming of a new chief executive officer. Andy Briggs is departing as CEO of U.K. insurance, the...
Date: April 24, 2019
AM Best Affirms Credit Ratings of Sura Re Ltd. : AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Sura Re Ltd. (Sura Re) (Bermuda). The outlook of these Credit Ratings (ratings) remains stable. The rating...
Date: April 24, 2019
Aon Combines Construction, Engineering, Inland Marine Into Single Unit : Insurance broker Aon plc has combined its construction-engineering and inland marine teams into a single global unit within its reinsurance solutions business in an effort to improve its growth opportunities, the company said...
Date: April 24, 2019
AM Best Managing Director to Join Panel Discussion on AI at Saint Joseph’s University InsurTech, Analytics and Data Symposium : AM Best Managing Director John Andre will participate in a panel discussion at the InsurTech, Analytics and Data Symposium on Thurs., May 9, 2019, at Saint Joseph’s University in Philadelphia, PA. The one-day event, hosted...
Date: April 24, 2019
Willis Re: Reinsurance Capital Fell in 2018 on Investment Volatility : Total reinsurance dedicated capital fell 5% to $462 billion in 2018 on volatile investment markets and mergers and acquisitions activity, said Willis Re. For the 32 companies that make up the Willis Reinsurance Index, shar...
Date: April 23, 2019
AM BestTV: IFRS 17 Will Put Market Values for Insurance Liabilities in Accounts, Says AM Best Associate Director : In this episode of AM BestTV, Anthony Silverman, associate director of analytics, AM Best, said International Financial Reporting Standards (IFRS) 17, which takes effect in 2022, requires insurers to perform calculations clos...
Date: April 23, 2019
Sompo International Appoints CEO of SI Insurance (Europe) : Sompo International Holdings Ltd. has appointed Thomas Brazil as chief executive officer of SI Insurance (Europe) SA. He succeeds Takashi Kurumisawa as leader of the company’s European Economic Area insurance business and w...
Date: April 22, 2019
Canopius, AmTrust to Merge Lloyd’s Businesses : Canopius A.G. signed a sale and purchase agreement to merge its Lloyd’s business with that of AmTrust at Lloyd’s, a division of AmTrust Financial. The merger is subject to regulatory approval, Canopius and AmTrust said in a...
Date: April 18, 2019
Scor: April Renewal Premiums Rise 9.6% as Market Conditions Improve : Scor S.E.’s property/casualty reinsurance segment reported April 1 renewals growth as gross written premiums rose 9.6% at constant exchange rates to €548 million (US$616.0 million) on what the reinsurer called “broadly improv...
Date: April 18, 2019
Perils: European Storm Dragi-Eberhard Caused Estimated $832.6 Million in Insured Losses : An extratropical cyclone dubbed Dragi-Eberhard has caused an estimated €740 million (US$832.6 million) in insured property losses, according to Perils A.G. The event affected the British Isles and Western and Central Europe...
Date: April 18, 2019
Anbang Plans to Reduce Registered Capital by About One-Third : Anbang Insurance Group, which was taken over by China’s insurance regulator in February 2018, plans to reduce its registered capital by about one-third. It will trim its registered capital to 41.5 billion yuan (US$6.2 billi...
Date: April 18, 2019
Shareholder Adviser Spotlights Director Tenure Ahead of Scor’s Annual Meeting : Scor S.E. shareholders may more closely examine director tenure when the French reinsurer hosts its annual meeting on April 26, said a shareholder advisory firm. “As investors look more closely at board composition, direct...
Date: April 17, 2019
UK Regulator Offers Guidance for Post-Brexit Markets : In an effort to prepare financial markets for the looming — if uncertain — United Kingdom exit from the European Union, the U.K. Financial Conduct Authority released a business plan to attempt to smooth the post-Brexit transi...
Date: April 17, 2019
Insurers: Art, Liability Coverage May Be Involved but Notre Dame Fire Mostly Self-Insured : France’s largest insurer is pledging to help with fundraising to rebuild Paris’s iconic Notre-Dame de Paris cathedral in the wake of an April 16 fire that damaged much of the building as insurers said much of the damage is li...
Date: April 17, 2019

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