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German reinsurer Hannover Re is refocusing its property/casualty business in terms of which regions and lines of business it will focus as it looks to avoid markets where rates are particularly unattractive. 2 February 2017
Insurance
Property and casualty insurer Chubb has promoted Steve Parry to the role of director of claims for Europe and Eurasia and Africa, succeeding Peter Murray, who is retiring this year. 2 February 2017
Insurance
XL Group enjoyed strong growth in 2016 boosted by the integration with Catlin Group but profits tumbled in what its CEO called a very challenging year characterised by increased levels of catastrophe losses. 2 February 2017
News
Swiss Re has entered into a strategic initiative with SAP, a company that sells enterprise application software. The companies said they aim to develop a solution to address the increasingly complex demands related to financial steering and reporting of insurance companies from regulators across the globe. 2 February 2017
News
Hannover Re has raised its expectations for its profits and premiums written in 2017 as it said it was satisfied with the outcome of the January 1 treaty renewals despite intense competition and an anticipated stabilisation in rates not yet becoming a reality across the board. 2 February 2017
Insurance
Chubb has appointed executive vice president Sean Ringsted to a newly-created position of chief digital officer. 2 February 2017
Insurance
Lloyd’s insurance broker and coverholder Shepherd Compello has appointed Steve Hart as divisional director responsible for delegated authority business, as the company looks to grow in its specialist markets. 2 February 2017
Insurance
Italian insurer Generali has partnered with Nest Labs, a subsidiary of Google parent Alphabet, to develop a new insurance product in Europe. 2 February 2017
Insurance
Policymakers need to take action to make the framework more reflective of reality, according to Insurance Europe. 1 February 2017
Insurance
Tractable, a London-based start-up offering an automated audit claims product, is now launching in Europe, following a partnership with North America. 31 January 2017
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