Articles
Insurance
SCOR has increased its property/casualty (P&C) premiums by 5.4 percent during January 2017 renewals at constant exchange rates to $3.2 billion. 7 February 2017
Insurance
Munich Re is unlikely to be directly affected by the US president’s protectionist policies, CFO Jörg Schneider suggested during a Feb. 7 press conference. 7 February 2017
Insurance
Munich Re believes that its business model will in the future rely increasingly on fee income and less on premium income, CFO Jörg Schneider suggested during a Feb. 7 press conference. 7 February 2017
News
Munich Re’s gross written premiums and profits fell in 2016 on the back of “low interest rates and intense competition in the reinsurance markets” but the company said it was satisfied with the result, which was higher than its stated profit target of “well over €2.3 billion”. 7 February 2017
News
Hannover Re has said it expects to generate a net profit around €1.17 billion in 2016, a small increase on the €1.15 billion) it made in 2015. The company stressed that this will surpass its profit target of at least €950 million for the year. 7 February 2017
Insurance
Chubb has appointed Francis Hernandez as entertainment manager for overseas general insurance. He is currently the entertainment manager for Chubb in the UK and Ireland. 6 February 2017
Insurance
Italian insurer Generali Group, French reinsurer SCOR and German reinsurer Hannover Re are new additions to the blockchain insurance industry initiative B3i. 6 February 2017
Insurance
DAS UK Group, a UK provider of legal expenses insurance, has appointed Enrique Gomez as its new Head of ATE (After The Event) insurance, effective immediately. 3 February 2017
Insurance
Despite the soft market, Hannover Re has increased its growth targets for 2017 on the back of what it has described as a healthy pipeline of structured deals. Following a strategy its larger competitor Swiss Re promoted in 2016, Hannover Re is now also focusing on this segment. 3 February 2017
Insurance
The run-off market in Europe will hit new highs in 2017 with the value of deals potentially double what they were in 2016, the chief executive of one run-off specialist has claimed. 3 February 2017
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