Reinsurance
Stable reinsurance market could herald price softening
The outlook for global reinsurance sector ratings remains stable, supported by capital strength and continued profitability, according to Fitch.
Enoizi named chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Enoizi appointed chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Post magazine – 29 August 2013
This week's issue of Post is now available to subscribers.
Swiss Re Corporate Solutions appoints Asia-Pacific regional head
Swiss Re Corporate Solutions, the risk management and financing arm of Swiss Re has appointed Fred Kleiterp as head of Asia-Pacific.
Reinsurers underwriting gains offset by unrealised losses
A newly-published report shows reinsurers’ underwriting gains in H1 2013 were offset by unrealised investment losses.
Hannover Re enters talks to buy Heidelberger Leben
Hannover Re is poised to buy Lloyds banking group’s German insurance arm for a fee of €400m, according to media reports.
Post Intelligence – company profile: Standard Chartered Bank
With an operating income of $19bn the Group is targeting double-digit income growth. Standard Chartered is looking to bolster its wealth management presence in India through acquisitions.
THB strengthens Portuguese team with Ricardo Borges’ return
Former THB employee Ricardo Borges is returning to the company to take up a director role based in the European Division’s Amsterdam office.
Interview: Markel's William Stovin: Culture club
Happy with the cultural fit following Markel’s $3.1bn acquisition of Alterra, president and chief operating officer William Stovin is looking to drive the newly merged firm forward.
Peak Re makes gains at renewal season
Hong Kong-based reinsurer Peak Re said it welcomed a good 1 July renewal season in the Asia-Pacific region.
Swiss Re P&C arm hit by nat cat losses in Q2 2013 as COR jumps to 100.7%
Swiss Re this morning reported net income of US$786m (Q2 2012: US$83m) in the second quarter of the year on premiums earned of $6.8bn (Q2 2012: US$6.1bn).
Concordia wreck removal to cost $1.1bn says Munich Re
The loss creep for the stricken ship Costa Concordia continues with Munich Re revealing that removal costs for the wreck are likely to exceed $1.1bn.
Willis Re's Australia chairman in Bermuda move
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
Willis Re Australia chair Michael Harden to head Bermuda office
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
AJ Gallagher targets reinsurance expansion in Asia
Arthur J Gallagher (Singapore) is targeting 30% reinsurance premium growth this year as the broker promotes Maxwell Sung to managing director of reinsurance.
Europe's floods hit Munich Re's profits in Q2
Munich Re's profits fell considerably in the second quarter compared to the same period in 2012 as it booked a huge cost for the recent European floods.
Huge reinsurance growth potential in Asia, says Fitch
Global ratings agency Fitch believes there is significant room for the reinsurance market in Asia to grow given relatively low insurance penetration in Asian markets.
Double appointment for HSB energy team
Specialist engineering and construction insurer HSB Engineering Insurance, part of Munich Re, has made two appointments to its power and energy team.
Storm surge cat bond issued for New York MTA
The first ever catastrophe bond for storm surge has been issued for the New York Metropolitan Transportation Authority, based on modelling from RMS.
RMS delivers risk analysis for storm surge catastrophe bond
Catastrophe modelling firm RMS has delivered risk analysis for a storm surge catastrophe bond to provide the New York Metropolitan Transportation Authority with $200m (£132m) storm surge protection.
How big data is changing the world
Insurers welcome the availability of more information on their insureds, but the handling of so much data presents many challenges. Sam Barrett investigates.
Post magazine – 1 August 2013
In this week's Post, the conclusion of a Transport Select Committee inquiry into the cost of motor insurance has sparked “disappointment” among insurance industry bosses after MPs refused to support Ministry of Justice plans to place whiplash claims on…
Insurance Europe calls for global approach to tax evasion
Insurance Europe has welcomed efforts by the Organisation for Economic Co-Operation and Development to develop a global standardised solution for tax information exchange.