Articles
Insurance
The US state insurance regulator National Association of Insurance Commissioners (NAIC) is asking for clarifications on the negotiated covered agreement between the EU and the US which removes collateral and local presence requirements for reinsurers from the opposite side of the Atlantic, and suggested that the agreement might have to be renegotiated. 17 March 2017
Insurance
Munich Re is investing in technology and actively preparing and searching for growth opportunities to revert the current shrinking process. 17 March 2017
Insurance
While Munich Re is currently shrinking its share of traditional reinsurance business, due to the current soft market, it is also investing in technology to create alternative growth opportunities through the coverage of new risks and advisory for risk prevention. 16 March 2017
Insurance
Zurich has appointed Florence Tondu-Mélique as CEO of its French operations effective June 2017, subject to regulatory approval. 16 March 2017
Insurance
A primary UK legislation should be introduced for drones to ensure a framework on which insurers could base their products, according to the aviation committee of Lloyd’s Market Association (LMA). 16 March 2017
Insurance
UK-based general insurer RSA has appointed James Gearey as managing director (MD) for its Commercial Risk Solutions (CRS) unit with effect from June 2017. 16 March 2017
News
Specialist property/casualty reinsurer Greenlight Re Ireland, a subsidiary of Greenlight Capital Re, has promoted a former Liberty Insurance executive to the position of chief executive officer. 16 March 2017
Insurance
Profits at Generali remained stable in 2016 despite what the company called a challenging macroeconomic environment and low interest rates and while gross written premiums shrank slightly overall, the company property/casualty unit enjoyed some growth. 16 March 2017
News
Swiss Re has unveiled plans to return Sfr1 billion ($1 billion) of capital to shareholders via a share buyback scheme that will be completed before its next AGM in April 2018, as it struggles to find business opportunities that meet its objectives. 16 March 2017
Insurance
Underwriting in the European reinsurance market remains under pressure but there are signs that rate declines are reducing and pricing is beginning to stabilise in some markets, according to Fitch Ratings. 16 March 2017
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