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Insurance
French reinsurer SCOR has seen its net profit halve in 2017 compared to 2016 as it absorbs significant nat cat losses while at the same time expanding the business. 22 February 2018
Insurance
Munich Re’s Digital Partners has entered into a long-term strategic partnership with insurtech home insurer Buzzvault, according to a Feb. 20 press release. 20 February 2018
Insurance
The Central Bank of Ireland has issued a direction to New Zealand’s insurer CBL to cease writing business with immediate effect through its European arm CBL Insurance Europe (CBLIE), according to a Feb. 19 press release. 20 February 2018
Insurance
Japanese conglomerate SoftBank is seeking to join Swiss Re’s board as it negotiates the acquisition of a minority stake in the reinsurer, according to a Feb. 18 Financial Times report. 19 February 2018
News
French reinsurer SCOR wants to grow its property/casualty portfolio in the US, particularly casualty business. But, stung by the mistakes of the past, it is proceeding with caution, Victor Peignet, CEO of SCOR Global P&C, told Intelligent Insurer. 19 February 2018
Insurance
Germany’s Allianz saw claims stemming from California wildfires, hurricanes Harvey, Irma and Maria plus European storms and other natural catastrophes rise to €1.1 billion in 2017 compared to €0.7 billion in 2016. 16 February 2018
Insurance
Marine insurance-focused The Navigators Group reported a stable combined ratio for the fourth quarter of 2017 while the ratio climbed in the full year on the back of natural catastrophes. 16 February 2018
Insurance
Insurance intermediaries need to make contingency plans due to Brexit to protect interests of their clients, secure contract continuity and to enable that business continues flowing into London, the London and International Insurance Brokers’ Association (LIIBA) has warned. 15 February 2018
Insurance
Dutch NN Group’s acquisition of its peer Delta Lloyd has lowered the cost base by €133 million in 2017, according to a Feb. 15 press release. 15 February 2018
Insurance
Zurich Insurance Group has entered into an exclusive collaboration in Europe with insurtech startup CoverWallet and launched a new digital distribution channel in Spain. 14 February 2018
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