Reinsurance
Hastings confident of continued growth following strong results
Hastings is confident it will reach three million customers during 2019 following strong 2017 results.
JLT’s ‘chequebook open’ to European acquisitions following strong results
JLT is open to targeting bolt-on acquisitions in Europe following the group’s strong 2017 results.
QBE Europe took £109m Ogden hit in 2017
QBE Europe’s 2017 combined operating ratio deteriorated to 99.6% as a result of a £109m impact from the Ogden discount rate.
Softbank reported to be eyeing up stake in Swiss Re
Japanese tech-to-financial conglomerate SoftBank is exploring the possibility of taking a $10bn stake in reinsurer Swiss Re, reports suggest.
R&Q completes reinsurance to close legacy deal
Randall and Quilter has completed a deal to become the capital backer of Syndicate 3334’s 2014 and prior years of account.
Swiss Re completes public share buy-back programme
Swiss Re has completed its 2017 public share buy-back programme.
Axis reports GWP boost despite underwriting loss
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’s Versutus sidecar expands to $187m
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Euler Hermes names three top board positions
Trade credit insurer Euler Hermes has named its new chief financial officer, chief operating officer, and head of market management.
‘Tidal wave’ of alternative capital to disrupt reinsurance market: Aon CEO
Reinsurance renewal rates were beaten down on 1 January by alternative capital markets, Aon Benfield’s CEO said, warning they are poised to be a major disrupter against traditional reinsurance in future.
Hurricanes put Zurich's P&C segment in the red
Nat cats pushed Zurich’s property & casualty segment into the red last year, as hurricanes Harvey Irma and Maria saw the insurer report a 100.9% combined operating ratio for P&C.
Analysis: Lloyd's taking the Asian bull by the horns
Lloyd's and the London market are trying to win back their market shares in Asia, as the region is experiencing the world's most dynamic growth for the insurance industry.
Generali completes sale of Dutch subsidiary
Generali has completed the sale of its entire shareholding in Generali Nederland to ASR Nederland.
Nat cats hammer Munich Re's full year results
Natural catastrophe losses saw Munich Re’s property-casualty reinsurance segment report a €476m (£422.7m) loss for 2017.
This month in Post: Renewals, rates and redundancies
The year started with an executive merry-go-round but this week proved that less senior people were also liable to redundancy, as it was revealed that a total of 480 jobs are at risk as a result of the LV/Allianz deal.
Marsh and McLennan see revenue up 6% at full year
Marsh and McLennan Companies has reported a 6% boost in full year revenue.
Analysis: Markerstudy's turbulent year
Last month, Qatar Re signed a deal to buy Markerstudy’s Gibraltar-based insurance companies after year-long rumours of a sale had only started to die down
This week: Technology, treasury and trade credit
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
Analysis: Soft reinsurance renewals dash hard market hopes
After five consecutive years of falling rates, global property-catastrophe reinsurance experienced upward pricing pressure at 1 January renewals.
AIG to buy Validus for $5.56bn
AIG has unveiled plans to acquire Validus Holdings for $5.56bn.
Global run-off market 'extremely buoyant' at $730bn in 2017
The value of the global non-life discontinued business market exceeds $700bn, according to research from PWC.
Beach snapped up by Acrisure
Acrisure is to acquire the independent reinsurance broker Beach & Associates.
US Reinsurance outlook remains negative, says AM Best
AM Best is maintaining a negative outlook for the US property and casualty reinsurance sector due to continued pressure on property catastrophe rates.
Sequant Re goes into liquidation
Specialist Bermudian reinsurer and insurance-linked securities investment start-up Sequant Re Holdings, is to liquidate its business having struggled to raise sufficient capital.