Articles
Insurance
France-based credit insurance company reported lower net income for the first quarter of 2017 but the combined ratio improved as the company implements actions to protect profitability. 8 May 2017
Insurance
As more insurers regard the use of run-off as a mainstream strategic tool, so investors have responded—backing the launch and growth of specialist consolidators geared up to buying and managing portfolios of business in run-off. Intelligent Insurer reports. 5 May 2017
Insurance
German insurer Allianz has elected former CEO Michael Diekmann to become the firm’s chairman, replacing Helmut Perlet. 5 May 2017
Insurance
AIG’s European operations recorded a loss before taxes in 2016 as several factors impacted the performance while the situation improved in the first quarter of 2017. 4 May 2017
Insurance
Broker Willis Towers Watson reported a 43.7 percent year-on-year increase in net profit for the first quarter of 2017 as the income from its operations rose. 4 May 2017
Insurance
US-based property/casualty insurer The Hanover Insurance Group reported a jump in its first quarter 2017 catastrophe losses impacting results. 4 May 2017
Insurance
Insurtech start-up Next has raised $29 million in a Series A funding round led by Munich Re, through its venture capital arm HSB Ventures, along with Markel, Nationwide, and other investors. 4 May 2017
Insurance
Swiss Re expects to benefit from “very significant growth” potential by setting up a new hub in Singapore but is shrinking the business elsewhere to protect profitability. 4 May 2017
Insurance
American International Group (AIG) enjoyed a return to solid profits in its first quarter results as its CEO highlighted the company was enjoying the fruits of actions it has taken to execute to strengthen its balance sheet and improve earnings quality. 4 May 2017
News
Swiss Re blamed high levels of insurance claims from natural catastrophe events and a challenging business environment for a big slump in its profits in the first quarter of 2017 as gross written premiums at the company also decreased. 4 May 2017
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