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Insurance
Insurance Europe has urged policymakers to ensure that the Paris Climate Agreement is fully implemented and adhered to, now that it has come into force. 4 November 2016
Insurance
Greenlight Capital Re recorded a $30 million net profit in the third quarter of 2016 compared with a net loss of $219.7 million for the same period of 2015. Nevertheless, ratings agency AM Best downgraded the financial strength rating of Greenlight Reinsurance citing underwriting weaknesses. 4 November 2016
Insurance
A combination of automation of internal processes, gadget-driven insurance products and startups is set to transform the insurance business in the coming years, according to Torbjörn Magnusson, president & CEO of Nordic property/casualty insurance provider If P&C Insurance. 3 November 2016
Insurance
Local rules plus the effects of Solvency II may be limiting access of countries to the benefits of reinsurance, and this is a problem that needs fixing, says Frank Nutter of the Reinsurance Association of America. 3 November 2016
Insurance
A soft market in property/casualty has pushed down Swiss Re’s results in the third quarter and in the absence of attractive investment opportunities the reinsurer decides to return excess capital to investors. 3 November 2016
Insurance
ARAG Group, a European insurance group, has launched a new company in Canada, headquartered in Toronto. 3 November 2016
Insurance
A series of agricultural losses, softening market conditions and negative prior year development, hit profits in Swiss Re’s property/casualty (P&C) reinsurance segment in the third quarter of 2016, despite solid growth in the unit. 3 November 2016
Insurance
NN Group, a Dutch insurance and asset management company, has said that it still wishes to make a public offer for all issued and outstanding ordinary shares of its rival, Delta Lloyd. 2 November 2016
Insurance
The increasing use of insurtech and data in the insurance industry is promoting the need for cyber protection, in products as well as with insurance providers. 2 November 2016
Insurance
Italian insurers’ ratings are likely to be unaffected by the earthquakes that struck central Italy recently, according to a Fitch Ratings report. 1 November 2016
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