Reinsurance
Swiss Re "on target" after $1.4bn Q1 net income
Swiss Re is “on track to achieve its financial targets” after posting net income of $1.4bn for the first quarter, up 21% on the prior year period.
Swiss Re Q1 income jumps 21%
Swiss Re is “on track to achieve its financial targets” after posting net income of $1.4bn for the first quarter, up 21% on the prior year period.
Lancashire CEO Brindle admits Aon/Berkshire deal concerns as it unveils $77.9m Q1 profit
Lancashire Holdings this morning reported a jump in pre-tax profit and post tax profit for the first quarter of 2013 to $78.9m (Q1 2012: $46.5m) and $ 77.9m (Q1 $45.6m) respectively.
Post magazine – 2 May 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Turkish cat pool taps capital markets for reinsurance
The Turkish Catastrophe Insurance Pool has gone to the capital markets to gain protection for earthquake risk in the Istanbul region.
Thai catastrophe fund has underwritten 800 000 policies
The Thai National Catastrophe Insurance Fund has provided over 800 000 policies over the last year after it was set-up following the Thai floods in 2011.
2013 British Insurance Awards shortlist announcement at noon today
Today at noon Incisive Media insurance division editor-in-chief Jonathan Swift will unveil the nominees for the 2013 British Insurance Awards.
Xchanging names former Charles Taylor London Market boss as chief reinsurance adjuster
Technology provider Xchanging has promoted its head of delegated lead to a new position as chief adjuster for reinsurance in its claims services business.
Standard Club launches hull facility
Standard Club managers Charles Taylors have arranged a hull and machinery facility for Standard Club members, with cover provided by Swiss Re and certain Lloyd’s of London Syndicates.
BMS boss Beardmore resigns as firm focuses on 'phase two'
BMS Group chief executive Carl Beardmore has resigned with immediate effect.
Post magazine – 18 April 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
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.