Emerging Markets
Sub-Saharan Africa Drawing Growing Insurer/Reinsurer Interest Despite Uncertainties: A.M. Best
Sub-Saharan Africa continues to attract interest from insurers and reinsurers despite uncertainty about whether regional countries there can sustain robust levels of growth, A.M. Best concluded in a ...
Insurers Stand to Win by Marketing to Women Globally: AXA and IFC
Women will become a vital customer base for insurers in the coming years as they play an increasing role in economic growth within emerging and other global markets. That's what the French insurer ...
Beazley, Aspen and Brit Unveil Joint Cyber Consortium at Lloyd’s
Beazley has joined forces with Lloyd's syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium. The consortium will focus on providing robust data breach ...
Chile Quake Caused $600M-$900M in Insured Losses: AIR Worldwide
The magnitude 8.3 earthquake that struck Chile's central coast on Sept. 16 caused between $600 million and $900 million in insured losses, AIR Worldwide said in an estimate of the destruction's ...
Zurich Insurance Ends Proposed RSA Bid to Address China Hit and Unit Loss
Zurich Insurance Group AG on Monday abandoned its proposed $8.7 billion bid for British insurer RSA Insurance Group PLC after forecasting a $200 million loss in its general insurance business in the ...
Fosun Reportedly Negotiating to Snatch Up RSA’s Middle Eastern Business
Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc's Middle East business, people familiar with ...
Insurers in Chile Should be Able to Handle Quake Claims: Fitch Ratings
Chile continues to assess the damage of an 8.3 magnitude earthquake that killed more than 10 people on Sept. 17 and led to the evacuation of over 1 million people around the coast, according to media ...
China Re Gains Hong Kong Stock Exchange Approval to Launch $2B IPO
China Reinsurance Group Corp., the nation's biggest reinsurer, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said. The Beijing-based ...