Stanley Galanski, president and CEO of Navigators: To build a successful company, focus on communication, results, authenticity and people.
May 01, 2019 Full Story
John Neal
Lloyd’s said it is hoping to have the full results “by the end of the summer” from what it has described as the largest ever study of culture within the insurance sector.
May 24, 2019 Full Story
Nippon Life Insurance Co. said it has reached a definitive agreement with Reliance Capital Ltd. to acquire an additional stake in Reliance Nippon Life Asset Management Ltd., raising its share of the Indian joint venture to 75%.
May 24, 2019 Full Story
Asia/Pacific
FWD Fills New Chief Digital Officer Position
FWD Group has appointed Ryan JongHoon Kim to a newly created chief digital officer position to lead the company’s internal and external digital transformation.
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GIC Re’s Fiscal Year Net Profit Decreases 31%
GIC Re posted a 31% decline in net profit for the fiscal year ended March 31, mainly due to an increase in tax provisions on account of a change in the law, the Indian state reinsurer said.
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People in Insurance
Allianz Names Chief Executive Officer in Sri Lanka
Allianz has appointed Gany Subramaniam as the chief executive officer of its two subsidiaries in Sri Lanka: Allianz Insurance Lanka Ltd. and Allianz Life Insurance Lanka Ltd.
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Ratings
AM Best Affirms Credit Ratings of Bangkok Insurance Public Company Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Bangkok Insurance Public Company Limited (BKI) (Thailand). The outlook of these Credit Ratings (ratings) is stable.
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Regulation
Australian Prudential Regulator Mulls Additional Capital Requirements for Insurers
The Australian Prudential Regulation Authority said it is considering applying additional capital requirements to several insurance companies after it found “material weaknesses” in their governance and management of non-financial risks.
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Announcements
AM Best Associate Director to Join Session at Annual Strategic Risk Solutions Symposium
AM Best will participate in the Strategic Risk Solutions’ client symposium, which taking place May 28–30, 2019, at the Lowes Chicago Hotel, in Chicago, IL.
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