Articles

Insurance

London Market Group believes in beneficial Brexit deal

The London Market Group (LMG) believes that a trade deal which provides mutual benefits to both the UK and the EU is within the government’s reach.   10 March 2017

Insurance

Peak Re defies soft market with lean cost structure

Hong Kong-based Peak Re is able to grow profitably in the current soft market because its lean cost structure allows it to be more competitive on pricing, head of underwriting Lawrence Cheng, told Intelligent Insurer.   10 March 2017

Insurance

ARAG criticises ABI for UK Ogden discount rate decision handling

Germany-based legal expenses insurance provider ARAG has criticized the Association of British Insurers (ABI) for the way it responded to the UK’s personal injury discount (Ogden) rate decision.   10 March 2017

Insurance

Prudential Financial strikes $1.2bn longevity reinsurance deal with Rothesay Life

US-based Prudential Retirement, a unit of Prudential Financial, agreed to a $1.2 billion longevity reinsurance deal with UK’s insurance solutions provider Rothesay Life.   10 March 2017

Insurance

Allianz names new CFO; overhauls management board

Munich-based Allianz has appointed Giulio Terzariol as chief financial officer (CFO), succeeding Dieter Wemmer, whose contract ends at the end of 2017.   10 March 2017

Insurance

Hannover Re benefits from below-budget P&C large losses in 2016

Hannover Re benefitted from lower than expected large losses in its property/casualty (P&C) division in 2016, although volumes grew compared to the previous year.   10 March 2017

Insurance

Ogden hit prompts Fitch to set UK non-life company insurance market on negative outlook

Fitch Ratings has revised its sector outlook for the UK non-life company insurance market to negative from stable after a harsh drop in the personal injury Ogden discount rate.   9 March 2017

Insurance

AIG CEO steps down due to lack of shareholder support

American International Group (AIG) has been forced to embark on a search for a new chief executive after its current leader revealed he intends to resign.   9 March 2017

Insurance

Markel enters surety business with new execs from Aviva and Euler Hermes

Specialist insurer Markel International has launched a surety offering following its appointment of new executives from Aviva and Euler Hermes.   9 March 2017

Alternative Risk Transfer

ILS issuance contracted in 2016 for the second consecutive year

Insurance-linked securities’ (ILS) issuance contracted for a second consecutive year in 2016, according to the latest Bermuda Insurance-Linked Securities (ILS) Market Report.   8 March 2017

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