Articles
Insurance
Hannover Re will target the same profit level for 2017 as in 2016 despite continuing price pressure in property/casualty and a low interest rate environment, it said in a November 10, 2016, results presentation. 10 November 2016
Insurance
While ‘diversify’ has been the mantra of many large reinsurers in recent years as they seek growth in stagnant markets and enhanced profits outside the elongated soft market in reinsurance, some strategic plays could rapidly become a double-edged sword for some players. 10 November 2016
Insurance
The many reinsurers that have developed substantial primary operations could be in for a backlash from their cedants, as Intelligent Insurer discovers. 10 November 2016
Insurance
Munich Re said it anticipates lower underlying earnings in 2017 compared with the €2.4 billion estimated for 2016, despite noting that rates in property/casualty are stabilizing and other supportive drivers. 9 November 2016
Insurance
SCOR has been granted R2 authorisation by the Insurance Regulatory and Development Authority of India (IRDAI), which allows it to open a composite branch office in India to conduct life and property/casualty (P&C) reinsurance business. 9 November 2016
Insurance
The Reinsurance Group of America (RGA) has entered into a reinsurance agreement with AXA France covering more than 15,000 annuitants and related commitments of nearly €1.3 billion. 9 November 2016
Insurance
Munich Re expects to achieve a significantly higher profit for the full year of 2016, but has admitted that uncertainty driven by the US election result and growing protectionist tendencies globally may impact the future performance of its business. 9 November 2016
News
Munich Re substantially increased its profits in the third quarter of 2016 although the business hardly grew, as the company continues to place profit before growth. 9 November 2016
Insurance
A successful conclusion between the US and European Union must be sought to resolve uncertainty in the global insurance market, according to the Reinsurance Association of America (RAA), following another round of covered agreement negotiations in Brussels. 8 November 2016
Insurance
Despite premium rate increases in some non-life lines of business in the UK during 2015 and the first half of 2016, the benefit was largely offset by a combination of higher claims, an increase in the level of insurance premium tax (IPT) and levies for Flood Re, according to AM Best. 8 November 2016
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