Reinsurance
What UK sanctions may look like post-Brexit
2016 was a momentous year that heralded a series of political developments with far-reaching consequences for international trade. Speculation and uncertainty abound about what Brexit means for international trade and sanctions.
Insured nat cat losses total $39.5bn in 2016 says Willis Re
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
US weather losses exceed $1bn in January
Losses caused by severe weather outbreaks in the United States have exceeded $1bn (£800m) in January, according to the latest Aon catastrophe report.
Broker Ed names Wakefield marine and energy reinsurance head
London market broker Ed has appointed Andy Wakefield as managing director of marine and energy reinsurance.
Chow swaps Munich Re for XL Catlin in Hong Kong
Casualty underwriter Stephen Chow has joined XL Catlin in Hong Kong after leaving reinsurance giant Munich Re.
Munich Re open to large acquisitions, says CFO
Munich Re's chief financial officer Joerg Schneider has said the international reinsurance giant is open to making a large acquisition outside the reinsurance space.
Asia Capital Re expands with Malaysia and takaful purchases
Singapore-headquartered ACR Capital Holdings, owner of Asia Capital Re, has completed the purchase of stakes in two businesses for undisclosed sums.
Post Power List 2017: Frank Buchsteiner
Managing director, Munich Re UK
Axis profits fall 23% in 2016
Global (re)insurer Axis's after-tax profits fell 23% in 2016 to $465m (£367m) from $602m the previous year.
Swiss Re and XL Catlin get go-ahead for Indian branches
Swiss Re and XL Catlin have both received the go-ahead from the Insurance Regulatory and Development Authority of India to open a branch in Mumbai.
Compre buys W&W's Ridgwell Fox legacy business
Compre is to acquire Wüstenrot & Württembergische's share of the Ridgwell Fox pool legacy reinsurance business.
Swiss Re granted approval for Mumbai office
Reinsurance giant Swiss Re has been granted a branch license for India and will open up an office in Mumbai at the beginning of February.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Tailored policies and cyber set to influence market in 2017
Tailored insurance for new professions, cyber policies for SMEs, and the FCA’s consultation on the Financial Services Compensation Scheme are three key trends expected to influence the insurance market over 2017.
Brit grows Versutus sidecar to $110m
Global insurance and reinsurance firm Brit has renewed and expanded its collateralised reinsurance sidecar Versutus.
Pana Harrison aims for $100m premium following acquisition
Singapore-based Lloyd's reinsurance broker Pana Harrison (Asia) has acquired five person Labuan broker AIH Reinsurance Brokers for an undisclosed sum.
Compre acquires UK business of AG Insurance
Insurance and reinsurance legacy specialist Compre has acquired the UK business in run-off of the Belgian (re)insurer AG Insurance for an undisclosed sum.
Reinsurers face year of cost-cutting due to weaker renewals
Reinsurers face a demanding year of cost-cutting after the December contract renewal season delivered weaker prices for the fifth year in a row.
Blog: Construction cries out for planning help
Insurers and reinsurers will only be too aware of the insured losses that arise on an annual basis from the UK construction industry.
Flood claims: Under the weather
One year after Storms Desmond and Eva, schemes are now available to make cover affordable for households and small businesses in areas at risk of flooding. As barriers to resilient repairs persist, the focus is shifting to a more precise mapping of the…
Willis Re's Turner on why PPOs are ceasing to be a threat
The legal environment for the settlement of serious injury claims in the UK changed radically with the introduction of Periodic Payment Orders.
US and EU bilateral agreement on reinsurance should eliminate competitive disadvantage
Negotiations between the US and EU surrounding a bilateral agreement on reinsurance has been reiterated.
Willis Re promotes Kent
Willis Re has promoted James Kent, co-president of Willis Re and president of Willis Re North America, to global deputy CEO with immediate effect.
Axis buys aviation specialist Aviabel
Bermuda-headquartered specialty (re)insurer Axis has reached an agreement to buy Brussels and Amsterdam based (re)insurer Aviabel.