Reinsurance
Everest Re reports Q3 income surge
Bermudian insurer and reinsurer Everest Re has seen takings swing sharply upwards in its third-quarter results.
Marsh backing Project Noah despite rival Aon joining flood insurance race
Aon Benfield's decision to unveil a reinsurance-based flood risk solution has sparked a bullish response from rival Marsh's top flood specialist, who claimed that the launch of his firm's Project Noah proposal is imminent.
Argo expands treaty offering with Lloyd's platform
Argo Group International Holdings is expanding its offerings in the international casualty marketplace with treaty reinsurance business written through Lloyd's.
RMS heralds Insurance Institute of China appointment
RMS Beijing has been appointed as a member of the Insurance Institute of China by the eighth board of directors, with RMS' Dr Hang Gao serving as a new director.
E+S Rück predicts stable prices for German renewals
E+S Rück, the Hannover Re Group company responsible for German domestic business, anticipates stable or rising prices in the market for the upcoming treaty renewals on 1 January.
Flagstone Re announces Validus EGM date
Luxembourg-domiciled Flagstone has announced a shareholder vote on an acquisition by Validus.
Aspen Re enhances risk management in China
Aspen Reinsurance has licensed Air Worldwide's multiple peril crop insurance model for China to enhance its risk management capabilities in catastrophe-exposed agricultural regions of the country.
JLT's Q3 profit warning indicates challenges ahead
Jardine Lloyd Thompson faces significant challenges to its ambition to be a top three global player, according to an Investec analyst note.
Hiscox names catastrophe research lead
Hiscox has swooped to appoint a group head of catastrophe research, as well as adding two to its Lloyd's non-marine team.
Low interest rates and claims inflation hitting profits, warns Munich Re
The impact of persistently low interest rates on investments and the growing risk of inflation for severe bodily injury claims are cause for concern for the insurance industry, Munich Re has warned.
Swiss Re unveils senior appointments
John Dacey, Swiss Re's head of group strategy and strategic investments, is to join the group executive committee from 1 November.
'Confident' JLT eyes international employee benefits expansion
Jardine Lloyd Thompson is "well positioned to deliver sustainable growth" and will continue with plans to develop its employee benefits business in 2012, according to the broker's interim management statement.
JLT Re makes additions to CEE team
JLT Re has expanded its team serving Central and Eastern Europe with the addition of Sergey Grazhdankin and Edmond Wodehouse as partners.
Lloyd's gains from best first half in five years
Lloyd's has recorded its best first-half results for five years, according to figures from Aon Benfield, reporting a pre-tax profit of £1.5bn for the first six months of 2012.
Aon to rival Marsh's Project Noah to fill SoP flood insurance gap
Aon Benfield has become the latest company to offer a potential solution to fill the flood insurance gap left by the expiration of the Statement of Principles in June 2013.
Liability insurance lines growing faster than global economy
Commercial insurance premiums in emerging markets have grown by an average of 14% a year in the past decade, two to three times faster than in developed markets.
Risk managers urged to heed climate change
The human impact on the environment has been a major factor in a quintupling of weather-related loss events in North America during the past three decades, according to Munich Re.
JLT Re expands CEE expertise by adding two partners
JLT Reinsurance has demonstrated a continued focus on expanding capabilities in central and eastern Europe with the appointment of two new members to its non-marine team in the region.
Xchanging unveils Xuber brand
Xchanging has upgraded the tools and products in its insurance software operation, which will now operate under the name Xuber, following £20m of investment by the group.
Insuralex elects New York member
International lawyers group Insuralex has added New York practice Kissel Hirsch & Wilmer to its members.
QBE shuts Reading office amid restructure
QBE is closing its Reading office as part of a reorganisation of the firm's south of England operations.
Renewable energy broker Renewable Risk Advisors launches
A new renewable energy broker has opened for business in the UK to give clients a more "bespoke" level of service.
Howden launches Brazil operation
Hyperion subsidiary Howden Broking is to enter the Brazilian market after acquiring a 51% stake in Conset Seguros.
Brit hires new chief financial officer
Brit Insurance has appointed Andrew Baddeley as chief financial officer, replacing Scott Egan who left the business in April to join Towergate as group CFO.