Reinsurance
Post magazine – 18 April 2013
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Lloyd’s members agency Alpha unveils new chairman following buyout
Lloyd’s members agency Alpha Insurance Analysts has appointed John Scott as non-executive chairman, subject to approval of both the Financial Conduct Authority and Lloyd’s.
Tawa completes KX sale
Run-off specialist Tawa has completed the sale of 100% of its shares in KX Reinsurance Company to Catalina Holdings (Bermuda) following regulatory approval.
Insurance Europe lobbies US over foreign reinsurer tax
Trade body Insurance Europe has written the US Congress regarding proposals to disallow a tax reduction for some foreign affiliated reinsurance premiums.
View from the Top: The end of boom and bust
I was recently thinking that I may never see another overall hard market cycle in my lifetime and we have speculated here that new forms of investment and rapid capital deployment could have a major impact on the market if more consistently applied.
Mutuals can capitalise on changing reinsurance framework
Savvy mutual insurers stand to benefit from changes in the traditional reinsurance market, according to Willis Re.
Swiss Re increases dividend as Francis joins board
Shareholders Swiss Re shareholders have approved an increase in the regular dividend from CHF3.00 to CHF3.50 per share as well as an additional special dividend of CHF4.00 per share.
Post magazine – 11 April 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
April reinsurance renewal rates were competitive
Increased capital and competition meant similar or falling reinsurance rates in April despite a predicted active 2013 hurricane season, according to corporate stockbroker Westhouse.
VIG Re sees profit jump 17.8% in 2012
VIG Re reports, the reinsurance arm of Austria’s Vienna Insurance Group a 17.8% increase in pre-tax profit to €24.3m, for 2012
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Market Moves: Bollington and Miller help keep brokers at the top of the recruitment table
It was a quiet week for insurers as the broking sector once again dominated the recruitment landscape. There were notable hires not just at Bollington, but also at Miller where a pair of placement specialists joined the expanding team. The Lloyd’s market…
Post magazine – 4 April 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Market losses support improvements to flood and windstorm database
Catastrophe insurance data provider Perils has updated the property sums insured exposed to UK flood as part of an update to its Europe Industry Exposure Database.
Outlook for reinsurers challenging, says Willis Re
$35bn of capital flowing into the reinsurance industry is helping keep reinsurance renewal prices low says Willis Re in its latest report.
Munich Re to develop geothermal exploration insurance in Turkey
Munich Re and The World Bank’s International Financial Corporation have agreed to develop geothermal exploration risk insurance in Turkey.
Post magazine – 28 March 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Savage upbeat on motor market outlook
Lloyd's finance director said the UK motor insurance market is "over the worst of the soft cycle" and has expressed confidence that upcoming government reforms will further improve the sector's outlook.
Lloyd's profit hits £2.8bn after lower cat losses
Lloyd's has reported a 2012 pre-tax profit of £2.77bn following a loss of £516m in 2011.
Willis Re rings the changes in Australia
Leadership team at Willis Re in Australia changes as Michael Harden steps up from CEO to become chairman.
Miller bolsters reinsurance and corporate teams with double hire
Miller has added further to its reinsurance team with the addition of brokers from JLT Re and Gibbs Hartley Cooper.
Argenta recruits Hardy claims head for syndicate role
Argenta has recruited Hardy’s claims boss to serve as its own head of claims and reinsurance at its Lloyd’s syndicate from 2 April.
CCR net profit surges despite €55m Thai flood loss
State owned French reinsurer CCR posted net profit of €242.3m for 2012, up from €119.4m 2011.
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