Scor’s leadership has been accused of “gross negligence” over its rejection of a takeover bid from Covéa.
Insured losses from Hurricane Florence are likely to be between $1.7bn and $4.6bn, Air Worldwide estimates.
Marsh & Mclennan will buy Jardine Lloyd Thompson for $5.6bn (£4.2bn) in a move that will shore up the company’s position as the largest broker in the world.
Insured losses from Typhoon Jebi will be between $3bn (£2.3bn) and $5.5bn (£4.2bn), RMS estimates.
Swiss Re UK & Ireland CEO Frank O’Neill is leaving the business to pursue another opportunity.
Markel is to buy the world’s largest manager of insurance-linked securities, Nephila Holdings.
We have all experienced that heart-stopping moment when our phone rings and our eyes are greeted with the dreaded: "No caller ID."
TransRe, the reinsurance arm of Transatlantic Holdings has acquired the exclusive renewal rights to all of Maiden Re's US treaty reinsurance underwriting business.
In addition to insurers exposed to property risk, AM Best expects that motor insurers will see claims resulting from heavy rainfall.
The Lloyd’s Market Association has named Sheila Cameron, currently head of International Operations at Navigators Underwriting, as CEO.
Global reinsurers have turned to mergers and acquisition deals over the last year in order to remain relevant in the face of challenging market conditions, but S&P maintains a neutral view on this trend.
A regulatory deal is urgently needed to address Brexit contract issues for the insurance sector, the Association of British Insurers has said.
The insurance and reinsurance industry is braced for losses as category 4 Hurricane Lane continues to track towards the islands of Hawaii.
As climate change becomes tangible, insurers are feeling the heat. Their understanding of the risks could inform not just their underwriting but also their investment strategies.
The Central Bank of Ireland has fined two Dublin-based subsidiaries of Partner Re €1.54m (£1.35m) for breaches of the European Union regulation on solvency requirements.
The CEO of Hannover Re, Ulrich Wallin, is to step down and retire from the reinsurance giant in 2019 and will be replaced by Swiss Re’s Jean-Jacques Henchoz.
Insured losses from the June and July flooding in western Japan could total up to $4bn (£3.2bn), according to catastrophe modelling firm Air Worldwide.
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were $20bn, 33% below the ten-year average of $35bn, according to Swiss Re Institute's preliminary sigma report.
Some 80% of Lloyd’s managing agents would like to see insurance-linked securities become a permanent fixture in the reinsurance and insurance market.
Overall, top-line growth for the 30 largest European insurers has been steady, reflecting the underlying economic conditions throughout Europe, explain Tim Prince and Yvette Essen, director of analytics and director of research at AM Best
Challenging times for the oil and gas industry call for a change in the way insurers address energy risks, writes Nicola Harris, head of energy for Europe, Middle East and Africa at XL Catlin.
The pressure on insurers to deny coal projects any form of cover may actually increase pollution, warns Hamish Roberts, head of JLT Specialty’s London-based power business.
As insurance tries to attract talent and adapt to emerging risks, the London market is increasingly turning towards the military for new recruits
Carriers in the London market must work together in consortiums to spread risk, combat rising expenses ratios and mitigate underwriting pressures, Hiscox chairman Robert Childs said.