Free Trial

Reactions Copying and distributing are prohibited without permission of the publisher

XL gets approval for China operation

18 November 2009

Bermudian insurer and reinsurer XL Capital today announced that it has received approval from the CIRC to start preparation work to set up a property/casualty company in China.

Read more: china xl circ

Bermudian insurer and reinsurer XL Capital today announced that it has received approval from the China Insurance Regulatory Commission (CIRC) to start preparation work to set up a property/casualty...


  • Philippines Earthquake Mw 6.7 06 Feb 2012 - On Monday, 6 February a magnitude Mw 6.7 (regional moment magnitude) earthquake ...
  • Queensland Floods 06 Feb 2012 - Monsoonal rains since mid-January have resulted in flooding in northeast Australia, affecting ...
  • Peru Earthquake Mw6.3 30 Jan 2012 - Updated 1 February. On Monday, 30 January a magnitude Mw6.3 (regional moment ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield