With more than three million Muslims in the UK, there has long been a feeling that sharia-compliant insurance products should find a market but the reality has proved the opposite. So far, every attempt to establish a takaful insurer in the UK domestic…
Underwriting pressure from the high cost of doing business have caused Fitch Ratings to report a negative sector outlook for London market reinsurance and insurance in 2018.
Lloyd's has opened an office in Morocco’s Casablanca Finance City as the market targets growth in North Africa.
The downstream energy sector suffered its worst loss record for nearly a decade in 2017 with low rating levels exacerbated by one of the worst catastrophe loss years on record.
The perfect storm of conditions that has allowed the legacy sector to boom over the past couple of years looks set to continue throughout 2018 as capital continues to flow into the market, fuelling a pipeline of deals.
Last month once again saw a passported insurer placed into liquidation, with the collapse of CBL causing ripples throughout Europe
Businesses disrupted by terrorist attacks will soon be able to claim under their insurance policy.
The underlying underwriting performance of Lloyd’s syndicates needs to improve following the market's first loss in six years, John Parry has said.
City Minister John Glen is confident the new UK framework for insurance linked securities will help the market grow.
Munich Re is to axe 900 jobs as part of cost saving efforts in its reinsurance business.
Former Integro bosses John Sutton and Toby Humphreys have been appointed to lead a specialty and wholesale platform at broker Beach.
Investment management firm Burford Capital has received outline approval to set up an insurance company in Guernsey.
Esure has been able to grow its motor book substantially over the past three years as a result of a more relaxed risk appetite.
Alpha Insurance has placed itself into solvent liquidation as a “direct consequence” of the failure of CBL Insurance.
An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.
Hastings is confident it will reach three million customers during 2019 following strong 2017 results.
JLT is open to targeting bolt-on acquisitions in Europe following the group’s strong 2017 results.
QBE Europe’s 2017 combined operating ratio deteriorated to 99.6% as a result of a £109m impact from the Ogden discount rate.
Japanese tech-to-financial conglomerate SoftBank is exploring the possibility of taking a $10bn stake in reinsurer Swiss Re, reports suggest.
Randall and Quilter has completed a deal to become the capital backer of Syndicate 3334’s 2014 and prior years of account.
Swiss Re has completed its 2017 public share buy-back programme.
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Trade credit insurer Euler Hermes has named its new chief financial officer, chief operating officer, and head of market management.