Willis Re has named Canopius’ David Gregori as head of agriculture for Asia Pacific to lead the set-up of its agriculture team in the region.
Former senior Lloyd’s executives Dr Roger Sellek and Jose Ribeiro are both leaving rating agency firm AM Best in a management restructure that is explained as bringing “costs in line with regional growth potential” in the Asia Pacific (AP) region.
Japanese giant Tokio Marine’s reinsurance and European businesses both returned to a profit in the first nine months of 2018.
Insurtech “matured significantly as a sector” last year, with 13 deals worth more than $100mn each, according to a new KPMG report.
Enstar-owned specialty carrier StarStone has appointed Agile Underwriting Services as its representative agent in Australia and New Zealand.
Mitsui Sumitomo Insurance (MSI), has penned a distribution deal with Russian non-life insurer Ingosstrakh Insurance Company.
QBE has revealed it will cease trading marine, energy, political violence and terrorism on the Lloyd’s Asia platform by the end of the year.
Dubai-headquartered carrier IGI has named Nick Garrity chief executive officer of IGI’s Labuan branch.
Germany has signed an agreement with China designed to boost the level of understanding and cooperation between the two countries on (re)insurance business and pledged to further open market access and deepen cooperation to broaden economic ties.
Carriers are on the hook for a $71.5bn 2018 nat cat bill, Willis Re has said.
London carrier Beazley is expanding its insurance offering in Asian markets through a new financial lines capacity arrangement with Hong Kong-based coverholder Pegasus Underwriting.
Losses stemming from the hailstorms across New South Wales in December are set to cost the industry upwards of A$670mn ($478mn), according to the Insurance Council of Australia.