emerging markets News
BHSI Debuts New Civil Liability Insurance Offering in Australia/New Zealand
Berkshire Hathaway Specialty Insurance Company said it is now selling Civil Liability insurance for financial institutions in Australia and New Zealand. The new policy is designed to address the ...
AIG Selling Fairfax Financial Some Latin America, Central and Eastern Europe Operations
American International Group will sell off some of its Latin America, Central and Eastern Europe operations to Fairfax Financial Holdings Ltd., and the two companies in turn expect to form a ...
Swiss Re, Brazilian Conglomerate to Launch Commercial Large-Risk Insurer
Swiss Re Group and a South American conglomerate are jointly launching a commercial large-risk insurer in Brazil, and the reinsurer plans to own a majority stake. The actual partnership, which goes ...
Allianz Joins IFC Global Infrastructure Program With $500M Investment
World Bank Group member IFC is launching a program designed to raise $5 billion for infrastructure development in emerging markets. Allianz is among the global investors. IFC, a global development ...
Qatar Re Surges Along With Soaring Middle East/North Africa Reinsurance Market: A.M. Best
Qatar Re tops A.M. Best's tally of the biggest Middle East and North Africa reinsurers in 2015, capping major growth for the carrier that has run in tandem with a significant expansion of the larger ...
Liberty Mutual Boosts Ownership Stake in India Joint Venture
Liberty Mutual Insurance Group is increasing its share of an India joint venture to 49 percent. The move takes advantage of growth potential in a key emerging market, as well as new regulations in ...
XL Catlin Seeks to Spur Africa Market Growth With New Reinsurance Unit
XL Catlin is hoping to spur growth of the insurance market in Africa with the establishment of a new unit focused on providing facultative and treaty reinsurance across the continent. "Traditionally ...
New Capital Rules Poised to Transform Kenya’s Insurance Industry
A push by Kenyan regulators to clean up the East African country's insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according ...