More MPs are supporting the expansion of Australia's cyclone reinsurance plan to include fire and flood coverage

Flood-affected towns have asked for the Commonwealth's proposed cyclone reinsurance programme to be expanded to include additional natural catastrophes, according to state and federal MPs from both parties.

Even before the present crisis, many people hit by Australia's recent ea...

AXA CHINA BUSINESS TO TRANSFORM INTO REINSURANCE

Highlights:

• AXA XL’s Chinese subsidiary has received approval to transform its business license from insurance to reinsurance.
• The new entity will be entitled XL Reinsurance (China) Company Limited (AXA XL Re China) and it will provide non-life ...

Tata AIG Tricked in Re-insurance; IRDAI Blocks Malaysian Confidence Brokers and GMC

India's Insurance Regulatory and Development Authority (IRDAI) has penalized Unison Insurance Broking Services and suspended Tata AIG General Insurance Co Ltd from the Indian insurance and reinsurance sector, Malaysian Confiance International Reinsurance Brokers LLC and Jaipur-based Global Ma...