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Insurance
Profits at insurer Zurich plummeted in 2015 due to restructuring costs and poor results in its general insurance sector. But its CEO said it is taking rigorous action to improve profitability. 11 February 2016
Insurance
Brit, the global specialty insurer, has launched ‘Pay or Explain’, which it claims is first product to be able to offer a definitive timescale to respond to an insurance claim. 11 February 2016
Insurance
Spanish re/insurer Mapfre posted a 4.1 percent increase in its total consolidated revenues last year, which reached €26.7 billion compared with €25.65 billion in the previous year. 11 February 2016
Insurance
Talanx, the European insurance group is financing the construction, refurbishment and maintenance of seven court buildings in Ireland through its public-private partnership (PPP) project, Courts Bundle PPP. 11 February 2016
Insurance
British cybersecurity firm Solfyre and London-based SafeShare Global, an insurance and technology start-up enabling the sharing economy, have partnered to develop what they claim is the world’s first identity theft and identity fraud insurance solution. 11 February 2016
Insurance
Guernsey ended 2015 with more than 800 international insurers, according to the Guernsey Financial Services Commission (GFSC). 10 February 2016
Insurance
Arndt Gossmann, the chief executive of run-off specialist DARAG, has predicted that the run-off sector in Europe in 2016 will have a transaction volume of more than €4 billion in total, and that there will be the first in a series of runoff deals worth more than €1 billion. 10 February 2016
Insurance
The Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, has released a new guide to operational risk management for asset management firms. 10 February 2016
Insurance
Brit is opening an office in Singapore after the global specialty insurer gained approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore (MAS). 10 February 2016
Insurance
A severe winter storm that hit the Eastern US during the second half of January has resulted in economic losses of $2 billion, and insured losses well into the hundreds of millions, according to Impact Forecasting, Aon Benfield’s catastrophe model development unit. 10 February 2016
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