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Insurance
Skuld, the marine insurer, grew by almost 9 percent in its 2014 financial year but it was also hit by a drop in profits because of an increased number of large claims and a notable churn effect on the P&I owners’ book, its CEO said. 15 May 2015
Insurance
The pressures on the European reinsurance sector mean that Morgan Stanley remains cautious in its operational outlook for the reinsurance sub-sector and it believes the June/July renewals will be tough. But it also notes that Swiss Re looks an attractive investment. 15 May 2015
Insurance
ANV Group has appointed Bruce Whitmee as Active Underwriter for the company’s Lloyd’s Syndicate 5820, which covers consumer products, US property & casualty and political & credit risks. 15 May 2015
Insurance
Italian insurer Generali posted strong growth and improved profits in the first quarter, which it attributed to its turnaround plans for the business being effective a year ahead of plan. 14 May 2015
Insurance
Nearly nine in 10 financial services firms plan to increase their investment in risk-management capabilities in the next two years in response to emerging risks of cyber security and fraud, according to a new report from Accenture. 13 May 2015
Insurance
Fosun International, the Chinese investment company with substantial stakes in companies including Peak Re and Ironshore, has raised some HK$9.3 billion ($1.2 billion) from a share sale with the intention of funding more acquisitions in the insurance sector. 13 May 2015
Insurance
Allianz enjoyed a strong first quarter with its profits and revenues growing driven by its property/casualty segments especially the divisions Allianz Global Corporate & Specialty, Allianz Worldwide Partners, Germany and Latin America. 12 May 2015
Insurance
Kevin Allchorne, the global managing director of Amlin's global reinsurance division, has stepped down from the role for personal reasons but remains with the company. 11 May 2015
Insurance
Re/insurer International General Insurance (IGI), a Dubai-based insurance group with operations in Bermuda and London, recently posted a solid set of results for the first quarter of 2015. 11 May 2015
Insurance
Global insurance rates declined in the first quarter of 2014, driven largely by a continued softening in property rates, according to Marsh’s latest Global Insurance Market Quarterly Briefing. 11 May 2015
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