Articles
Insurance
After an unusually tough 2017, Munich Re is facing tailwinds from increasing prices on the back of high catastrophe losses from hurricanes Harvey, Irma and Maria, as well as climbing interest rates. 6 February 2018
News
Munich Re’s reinsurance business dragged the company’s 2017 results due to high natural catastrophe levels but the resulting rate improvements allowed the company to grow the business in the January renewals. 6 February 2018
Insurance
Seven out of ten organisations fail cyber security readiness test, according to a recent study commissioned by specialist insurer Hiscox, suggesting major shortcomings. 6 February 2018
Insurance
Property/casualty insurer Chubb has hired Michael Smith as its new chief claims officer. He was most recently chief transformation officer at AIG. 6 February 2018
Insurance
German industrial lines insurer HDI Global has unveiled plans to launch a new accident & health (A&H) department for the UK and Ireland. 5 February 2018
Insurance
Allianz has agreed to acquire Sri Lanka's Janashakthi General Insurance (JGIL) for 16.4 billion Sri Lankan rupees (€85.9 million), according to a Feb. 2 press release. 5 February 2018
Insurance
Western European re/insurers face limited growth prospects and a continued backdrop of low investment returns, yet in the last 12 months, AM Best-rated entities have demonstrated stable credit ratings and upgrades have outnumbered downgrades. 2 February 2018
Insurance
Guy Carpenter, the Marsh & McLennan Companies reinsurance arm grew revenues by 8 percent year on year to $239 million in the fourth quarter of 2017. 1 February 2018
Insurance
One of the most critical issues in Brexit discussions is contract continuity, Andrew Agnew, chair of London & International Insurance Brokers’ Association (LIIBA) said in a Feb. 1 speech. 1 February 2018
Insurance
Bermuda-based Armour Group has acquired legal expenses and niche lines insurer Elite Insurance Company (EIC) and its affiliate Elite Business Development (EBD), according to a company statement. 1 February 2018
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