Munich Re was hit by €700m (£631.7m) of Covid-19 related reinsurance losses in the second quarter taking its year to date figure to €1.5bn, the reinsurer has revealed.
With analysts cautioning the Covid crunch will begin to bite insurers in the second quarter of 2020, Post investigates what impact the coronavirus pandemic has already had in the first quarter
CDL Group has reported a 5.1% fall in turnover to £52.9m along with a 31.4% drop in post-tax profit to £4.7m for the year ended 30 September 2019.
The liquidator of unrated insurer Gable has found ‘trapped funds’ in the company originally valued at CHF 85m (£71.8m) are not recoverable.
Axa XL has confirmed former Lloyd’s leader Sean McGovern as CEO for the UK and Lloyd’s market having held the role on an interim basis since April.
Recently capital raisings by insurers aimed at ensuring they have sufficient capacity to support their trading partners and clients during the Covid-19 crisis have been widely reported. Clare Lebecq, CEO of the London Market Group believes the ability of…
The Flood Re scheme incurred gross claims of £160m in 2019/20, more than the total paid in its first three years of existence.
Chubb has estimated that it will face $1.37bn (£1.1bn) of pre-tax losses - $1.16bn after tax - in its second quarter results due to the global coronavirus pandemic.
Insurtech Concirrus has raised $6m (£4.8m) through an investment from Commerzventures, Post can reveal.
Former Zurich UK general insurance CEO Dave Smith has joined AIG UK as a non-executive director and is set to become chair of the risk committee.
Amanda Blanc has pledged to address the underperformance of recent years for Aviva’s investors and to set out an ambitious strategic path.
Bob Darling is to step down as CEO of Jensten Group on 5 August and will be succeeded by Alistair Hardie, who is currently CEO of Charles Taylor’s assistance and specialist claims management business.
Direct Insurance Group has appointed Andy Graham as head of specialist liability for its London market and Lloyd’s broking division.
Former Axa and Zurich boss Amanda Blanc has become Aviva CEO, replacing Maurice Tulloch who has stepped down from the role and the company’s board due to family health reasons.
Arag has posted a 14.7% rise in turnover to £14.1m for the year to 31 December 2019.
Despite increased sentiment and some rallies in markets, Lionel Pernias, head of buy and maintain at Axa Investment Managers believes that there are still plenty of challenges ahead for insurers' investments, particularly in their credit portfolios.
Allianz Global Corporate & Specialty will look to reduce its global headcount by a further 400 as it embarks on a transformation programme.
News that Danish unrated insurer Gefion had entered run-off and solvent liquidation left us and others in the industry feeling somewhat underwhelmed.
Aon will repay colleagues in full, plus 5% of the withheld amount, after cutting the salaries of 70% of its workforce.
Ecclesiastical delivered £58m in post-tax profit last year, more than treble the £15.2m achieved in 2018, according to a filing at Companies House.
As part of the acquisition by Smithers Purslow, Byrom Clark Roberts will rebrand to its owner’s name, using a fresh logo.
Insurtech Zego has taken on additional funds from venture capitalist debt provider Triplepoint.
Ardonagh has placed $500m (£401m) of senior payment in kind toggle notes.
Broker Network members have given a resounding shrug of indifference to the news that after four years away the network is set to return to Ardonagh’s ownership as it buys up Bravo Group.