Reinsurance
Swiss Re CUO to step down
Swiss Re’s Matthias Weber is to step down as group chief underwriting officer.
Swiss Re Q4 profit drops 45% due to nat cat claims
Reinsurance giant Swiss Re has reported a 45% drop in fourth quarter net profit, citing costly natural catastrophe claims for the fall in profit.
Scor Global P&C posts GWP of €5.3bn for 2016
Scor Global P&C reported gross written premiums of €5.3bn (£4.4bn) at the end of 2016, an increase of 1.2% at constant exchange rates.
MS Amlin joins Flood Re scheme
Global speciality insurer MS Amlin has joined Flood Re with accessibility for the renewal of new business beginning 1 March 2017.
Neon appoints Pritchard as property head
Neon has appointed of Nick Pritchard as head of property reinsurance.
Insured nat cat losses total $39.5bn in 2016 says Willis Re
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
Broker Ed names Wakefield marine and energy reinsurance head
London market broker Ed has appointed Andy Wakefield as managing director of marine and energy reinsurance.
Argo completes Ariel Re deal
Bermuda-based Argo has closed its acquisition of Lloyd's insurer Ariel Re.
Beazley posts 3% profit boost thanks to strong investment returns
Beazley reported a 3% increase in full-year pre-tax profits of $293.2m (£234m) thanks to strong investment returns and a benign claims environment.
Ed appoints Neil Perry as CFO
London market insurance and reinsurance provider Ed has appointed Neil Perry as chief financial officer.
Flood Re to hit 130,000 policies by April
Flood Re is on track to back 130,000 policies in its first year of operation, the scheme’s chief financial officer Adam Golding told Post.
Swiss Re and XL Catlin get go-ahead for Indian branches
Swiss Re and XL Catlin have both received the go-ahead from the Insurance Regulatory and Development Authority of India to open a branch in Mumbai.
AIG strikes $34bn legacy deal with Berkshire Hathaway's NICO
AIG has agreed a $34bn (£27bn) legacy deal with National Indemnity Company, a subsidiary of Berkshire Hathaway.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Fidelis co-founder McConachie to leave
Neil McConachie, group chief financial officer and co-founder of Fidelis, is leaving the firm.
Brit grows Versutus sidecar to $110m
Global insurance and reinsurance firm Brit has renewed and expanded its collateralised reinsurance sidecar Versutus.
Reinsurers face year of cost-cutting due to weaker renewals
Reinsurers face a demanding year of cost-cutting after the December contract renewal season delivered weaker prices for the fifth year in a row.
Blog: Construction cries out for planning help
Insurers and reinsurers will only be too aware of the insured losses that arise on an annual basis from the UK construction industry.
Flood claims: Under the weather
One year after Storms Desmond and Eva, schemes are now available to make cover affordable for households and small businesses in areas at risk of flooding. As barriers to resilient repairs persist, the focus is shifting to a more precise mapping of the…
Willis Re's Turner on why PPOs are ceasing to be a threat
The legal environment for the settlement of serious injury claims in the UK changed radically with the introduction of Periodic Payment Orders.
US and EU bilateral agreement on reinsurance should eliminate competitive disadvantage
Negotiations between the US and EU surrounding a bilateral agreement on reinsurance has been reiterated.
Blog: Insurers must prepare for disasters
Planning the response to large-scale catastrophes is a must for all general insurers.
Munich Re eyes up Iran entry
Munich Re is considering plans to provide its insurance services to Iran following sanctions relief at the beginning of the year, according to Iranian news broadcaster Press TV.
MAP staffer named 'underwriter of the year'
Richard Trubshaw, a property underwriter at Managing Agency Partners, has been named London’s leading underwriter based on broker nominations, according to a new report.