Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European Union, its group chief …
Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking revenue helped offset the impact of stock-market declines that have hit rivals. Net income climbed to 40.8 billion yuan ($6.2 …
London-based insurer Beazley has launched “Cancellation Plus” for the event industry in the United Kingdom, offering event organizers revenue protection for reduced ticket sales and concessions when a specified amount of rainfall occurs at their event. Beazley said it provides …
Newly formed Watford Specialty Insurance Co. (WSIC), a subsidiary of Bermuda-based Watford Re, took a big leap forward recently with its acquisition of a carrier with admitted licenses in all 50 states and the District of Columbia. The previously dormant …
Delta Lloyd NV, the Dutch insurer that shored up its capital buffers in an April rights offer, returned to profit in the first half after the company cut costs and changed the way it values liabilities. Profit climbed to 925 …
Neon has appointed Gregg McPhee to the newly created role of head of Political Violence. McPhee will join Neon on Oct. 1 2016 and will lead Neon’s existing political violence team, reporting to Darren Lednor, chief underwriting officer of Neon. …
Berkshire Hathaway Specialty Insurance Co. (BHSI) and Tego Insurance announced they have entered into an exclusive underwriting agreement to provide medical indemnity insurance to medical practitioners in Australia. “We are delighted to work with Tego to bring BHSI’s medical indemnity …
RFIB Group Ltd., the international Lloyd’s insurance and reinsurance broker, has launched a Transaction Solutions business with the appointment of James Wilson to lead the division. Reporting to Paul Chilton, chief operating officer, Wilson brings over 12 years’ experience in …
An outbreak of yellow fever that has killed hundreds of people in central Africa could spread across the world, an international children’s charity warned on Tuesday, even as a massive vaccination campaign was expected to get underway. The Democratic Republic of Congo (DRC) …
Liberty Mutual Insurance and Sanpower Group Co. Ltd., one of China’s leading private enterprises, announced they have agreed to create a joint venture from Liberty Mutual’s current Chinese property/casualty insurance operations. Sanpower will hold a 51 percent controlling interest in …