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Insurance
UK-based general insurer RSA has appointed James Gearey as managing director (MD) for its Commercial Risk Solutions (CRS) unit with effect from June 2017. 16 March 2017
News
Specialist property/casualty reinsurer Greenlight Re Ireland, a subsidiary of Greenlight Capital Re, has promoted a former Liberty Insurance executive to the position of chief executive officer. 16 March 2017
Insurance
Profits at Generali remained stable in 2016 despite what the company called a challenging macroeconomic environment and low interest rates and while gross written premiums shrank slightly overall, the company property/casualty unit enjoyed some growth. 16 March 2017
News
Swiss Re has unveiled plans to return Sfr1 billion ($1 billion) of capital to shareholders via a share buyback scheme that will be completed before its next AGM in April 2018, as it struggles to find business opportunities that meet its objectives. 16 March 2017
Insurance
Underwriting in the European reinsurance market remains under pressure but there are signs that rate declines are reducing and pricing is beginning to stabilise in some markets, according to Fitch Ratings. 16 March 2017
News
Swiss Re has revealed it plans to make a number of changes to its board of directors at its AGM on April 21 this year. 16 March 2017
Insurance
Significant flaws exist in in the formula used to calculate the risk margin under Solvency II and a fundamental review of its methodology and calibration is required, Willis Towers Watson has claimed in a response to a European Insurance and Occupational Pensions Authority (EIOPA) Discussion Paper on the upcoming review of Solvency II. 16 March 2017
Insurance
Munich Re's departing CEO Nikolaus von Bomhard has admitted that he had not succeeded with all his plans during his time in charge, especially with struggling primary subsidiary Ergo. 15 March 2017
News
The world’s biggest reinsurer has suggested its profit for 2017 will be lower than in 2016 on the back of a challenging environment with combined ratios increasing and its reinsurance unit specifically contributing less to profits. But it has also forecast growth in its reinsurance business. 15 March 2017
Insurance
The supervisory board of Dutch insurer NN Group has reappointed Lard Friese as chief executive officer (CEO) for another four-year term. He will also be reinstated as the chairman of group's executive board. 15 March 2017
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