Reinsurance
RMS launches specialist liability modeller
Modelling firm Risk Management Solutions has launched a liability modelling company in a joint venture with private investors.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Far East 'cold spots' and nat-cats lead Canopius to report first loss
A string of natural catastrophe losses in 2011 drove Canopius Group to the first loss in the company's eight-year history.
Asian states lobby EU in hope of Iran oil sanctions U-turn
European Union foreign ministers are expected to consider how the bloc's Iranian oil embargo will affect insurers at a meeting in Brussels next week, under mounting pressure from Asian states to change their stance.
Swiss Re seeks approval for dividend increase to €2.48
The Swiss Re board of directors has proposed the approval of a dividend for 2011 of CHF3.00 (€2.48) per share and the election of Robert Henrikson to the board.
Insurers still wary despite Solvency II deal ahead of vote next week
The European Parliament's two biggest parties have tentatively agreed to include measures related to Solvency II legislation that could save the industry billions and avoid a long delay to the rules' implementation, according to reports.
China loses out as Mapfre targets more 'liberal' Asian countries
China's hostile environment for foreign investors has led Spanish insurer Mapfre to seek acquisition targets elsewhere in Asia in order to expand within the region.
Scor IDS upgraded to A+
French reinsurer Scor has had its long-term issuer default rating and insurer financial strength ratings upgraded by Fitch, owing to its strong solvency and moderate debt in relation to its risk profile.
Aftermath of Japan earthquake serves as reality check for insurance industry
One year ago, Japan was shaken to its core by a magnitude nine earthquake. The shockwaves from Tohoku-Oki on 11 March 2011 are still causing ripples among insurers, risk modelling firms and reinsurers.
Hannover Re latest group to reveal nat cat hit with 2011 results
Hannover Re this morning reported that its gross written premium in total business increased by 5.8% to Eur 12.1bn (2010: Eur 11.4bn).
Don't miss Budget Day Live - analysis today at 3pm
Incisive Media's impressive range of brands serving the financial services sector are collaborating today to bring financial services professionals the very best analysis of George Osborne's Budget Statement.
Munich Re promises 2012 turnaround
Munich Re has claimed it has made a good start to 2012 and is aiming for a profit of around €2.5bn after announcing 2011 profit was slashed to €712m (2010: €2,430) in what it called "an extremely difficult environment".
French appointment builds Towers Watson European brokerage
Towers Watson has reinforced its position in the French reinsurance brokerage market with the appointment of Faiza Lefèvre as a senior broker.
Ahmed takes up new Aon Benfield MENA CEO role
Aon Benfield has appointed Ahmed Rajab as CEO, Middle East and North Africa.
Indian insurers delay reinsurance treaties as primary premiums harden
Indian general insurers have delayed finalisation of the reinsurance treaties for the next financial year, according to a new report.
US targets global insurers with growing Iran sanctions
US lawmakers plan to introduce legislation that would extend the remit of sanctions on trading with Iran to global insurers, according to Reuters.
Scor 'resilient' in the face of nat cats
French reinsurer Scor absorbed natural catastrophe losses of €138m from the Thai floods to record net income of €330m for 2011.
Aviva bemoans 'challenging' UK commercial sector as CEO Moss heralds 2011 progress
Aviva's UK general insurance continuing operations saw a decrease in operating profit and underwriting result in 2011 to £540m (2010: £567m) and £129m (2010: £184m) respectively. This was mostly as a result of the reduced contribution from Aviva Re.
QBE to launch global reinsurrance team under new brand
QBE is in the process of combining its worldwide reinsurance operations under a single management team which will come together under the unified brand QBE Re.
QBE expands Dubai office capabilities
QBE's Dubai branch is now offering GAP insurance and auto extended warranty on a reinsurance basis to cedants dealing with auto dealers and banks operating in the GCC market.
QBE launches new motor products in Dubai
Business insurance specialist QBE has started offering Guaranteed Auto Protection insurance and auto extended warranty on a reinsurance basis for cedants dealing with auto dealers and banks within the GCC market.
Arch acquires Ariel Re's Zurich-based credit business
Arch Capital Group is to acquire Ariel Re's Credit & Surety reinsurance operations based in Zurich.
Swiss Re targets European marine with two new teams
Swiss Re Corporate Solutions has expanded its marine insurance footprint in Continental Europe through the formation of two dedicated underwriting teams in Zurich and Genoa, which will be led by Patrizia Kern-Ferretti and Andrea Cupido, respectively.
Assurant makes senior European appointments
Assurant Solutions today announces the appointments of Graham Luckett as senior compliance officer for Europe and Robert Moorehead-Lane as European chief risk officer.