One of the largest ever Indian petrochemical reinsurance policies has been placed in the London market, after Reliance Industries increased the production capacity of the world's largest refinery complex, The Insurance Insider understands.
The launch of the second phase of motor insurance pricing reforms in China will increase volatility in P&C insurers' underwriting performance over the next two years, according to rating agency Standard & Poor's
Axa is targeting EUR300mn ($349.7mn) in savings over the next two years, with a 25 percent reduction in "central functions" costs, the insurer said today.
Third party managing agent Asta has received final clearance from Lloyd's to commence writing for another full syndicate in 2018, as a host of others are kept waiting.
The niche aviation hull war market is facing the prospect of an underwriting loss for 2017 following the confiscation of two Siam Air Transport planes, The Insurance Insider can reveal