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Insurance
The number of people in the UK covered by group risk policies increased significantly in 2016, adding 520,000 newly covered members, according to Swiss Re's latest annual Group Watch report. 12 April 2017
Insurance
The UK’s Prudential Regulatory Authority (PRA) has sent a request to the country’s largest general insurers to provide information about the impact of a range of stress tests on their projected Own Funds, as well as providing additional information on their sectoral exposures to the UK economy. 12 April 2017
Insurance
The insured property losses caused by extra-tropical cyclone Egon have reached €234 million in a revised estimate by PERILS, the Zurich-based catastrophe insurance data provider. 12 April 2017
Insurance
MS Amlin Underwriting Limited, the Lloyd’s Syndicate 2001, reported a loss for 2016 as the claims ratio jumped on catastrophe losses and the Ogden discount rate change. 11 April 2017
Insurance
Against a backdrop of an increasingly commoditised market, reinsurers are under greater pressure to restructure and innovate in order to support profitability in a soft market, according to Christian Reber, partner and managing director at Boston Consulting Group. 11 April 2017
Insurance
With a market steering more towards commoditisation, the value of the traditional reinsurance business model is waning, particularly in North America, where reinsurers are more focused on brokers than in Europe, Christian Reber, partner and managing director at Boston Consulting Group, tells Intelligent Insurer. 11 April 2017
Insurance
Gibraltar wants to become a hub for insurance-linked securities (ILS) and Minister of Commerce Albert Isola is optimistic about the growth potential despite looming competition from the UK. 11 April 2017
Insurance
European non-life and life insurers engaged in less merger and acquisition (M&A) activity in 2016 than in either of the preceding two years, according to AM Best. 10 April 2017
Insurance
As the UK leaves the EU, Gibraltar, a British Overseas Territory, may attract insurance businesses from within the remaining EU countries looking to keep their passporting rights into the UK, Minister of Commerce Albert Isola suggested in conversation with Intelligent Insurer. 10 April 2017
Insurance
Malta-based Building Block Insurance (BBI) is expanding its footprint into Europe after signing an agreement with Spanish broker Slora to sell gadget insurance. 10 April 2017
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