Reinsurance
Job cuts not primary source of savings drive claims JLT
Jardine Lloyd Thompson senior executives have denied that the predicted £12m annual savings from its business transformation programme will come primarily from job cuts.
Am Trust to buy Sagicor Europe
Am Trust Financial Services plans to acquire Sagicor Europe from Sagicor Financial Corporation in a deal worth approximately £57m.
Am Trust agrees £57m deal for Sagicor Europe
Am Trust Financial Services has agreed to acquire Sagicor Europe from Sagicor Financial Corporation for approximately £57m.
Hiscox posts 75% combined ratio for H1
Hiscox has beaten analyst expectations to post a combined ratio of 75% for the first six months of 2013.
Claims Club Asia launches Claims Awards Asia
Entries for the inaugural Claims Awards Asia are now open.
Post magazine - 25 July 2013
In this week's Post, the Financial Stability Board's listing of global systemically important insurers has raised concerns over a "lack of clarity" on why implicated firms are on the list and the costs that will be generated by an enhanced supervisory…
Q+A: Terence Cheung, head of claims, Greater China, Munich Re
Insurance Insight finds out the views of one of the leading claims' professionals in the region.
Cat bond market must expand: Willis
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
Post magazine - 18 July 2013
In this week’s Post, brokers have raised concerns over the effectiveness of Aviva underwriters and its ability to maintain service levels following the insurer’s decision to move more underwriters into broker offices and abandon almost half its regional…
China government catastrophe guarantee 'needed urgently', says Munich Re
He Hua, a catastrophe consultant for Munich Re in China, has called for the industry to put more pressure on the government to introduce a public private partnership to help guarantee the payments of catastrophe claims, especially for large earthquakes.
Q2 cat losses "manageable" for insurers
Second-quarter catastrophe losses, including flooding in Germany and the rest of Europe, appear manageable for most European and US insurers, according to SNL Financial.
Tax payer will not be insurer of last resort in Floor Re, says Benyon
The government will not be the insurer of last resort under the proposed Flood Re scheme, environment undersecretary Richard Benyon said yesterday.
Regulation still deemed greatest risk for industry
Regulation has been voted the greatest risk facing the insurance industry for the second year running in a survey conducted in partnership with PWC.
Torus unveils new CEO as it is sold to Enstar for $692m
Global specialty insurer Torus has appointed Dermot O’Donohoe as group chief executive officer of Torus Group, in addition to his role as chief executive of Torus International, following the acquisition of the group by Enstar.
Downward pressure on reinsurance rates to continue
Reinsurance market rates on line will continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report by Guy Carpenter & Company.
GIC Re launches hazard map after flooding “wake up call”
Devastating floods in the Indian state of Utterakhand has prompted Indian reinsurer GIC Re to unveil a new hazard map.
Post magazine – 4 July 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
David Constable appointed to Kiln’s board
David Constable is to join RJ Kiln & Co’s board as a non-executive director.
Munich Re transfers Australian cyclone risk to capital markets
Munich Re transfers US hurricane and Australian cyclone risks to the capital markets
Ace shuffles Continental Europe leadership
Ace has restructured the leadership of its continental Europe operations, naming France country president Jeff Moghrabi chief operating officer for the region.
DIMA appoints new board members at AGM
Dublin International Insurance & Management Association, the representative body for Ireland domiciled reinsurers, elected five directors to its board at its AGM last week.
Marsh’s Hodgins elected to DIMA board
Dublin International Insurance & Management Association, the representative body for the international reinsurance industry in Ireland, has elected five directors to its board.
Willis Re encouraged by Flood Re government liability and excesses pledge
Proposed pool will not impose a significant administrative burden on insurance businesses nor undermine the commercial environment according to Willis Re.
Deloitte and PwC welcome flood decision
Deloitte and PwC agree today’s agreement will benefit households at a high risk of flooding.