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Insurance
American International Group (AIG) will acquire Ageas Protect from Ageas Group, the Belgium-based international insurer, for £181 million. 6 August 2014
Insurance
ACE Group has appointed Kyle Bryant as regional cyber manager, Continental Europe. 6 August 2014
News
The possibilities around the way so-called big data could be used has the possibility to revolutionise the reinsurance industry and potentially the economy as a whole, Michel Liès, the group chief executive officer of Swiss Re, said in relation to the reinsurer’s second quarter results. 6 August 2014
News
A strong set of results in the second quarter driven by its property/casualty unit helped Swiss Re to an impressive overall performance in the first half of 2014, despite what its chief executive described as a demanding time for the reinsurance industry. 6 August 2014
News
Hannover Re enjoyed growth in its net profits of almost 5 percent in the first half of 2014 and almost 10 percent in the second quarter alone. But the company’s gross written premiums shrank slightly on the back of intense competition in the reinsurance industry and clients retaining more business. 6 August 2014
News
While conditions in the non-life reinsurance market remain challenging, it is also a mixed picture overall with some rate increases being secured by reinsurers against a wider backdrop of rate declines, according to Hannover Re. 6 August 2014
Alternative Risk Transfer
Twelve Capital, the Zurich-based independent investment manager, has issued another cat bond using a unique structure whereby three different events must occur before it is triggered. 5 August 2014
Insurance
Novae Group posted a substantially improved net profit in the first six months of 2014 despite warning on several headwinds including a challenging rating environment, low interest rates and a strong sterling. 5 August 2014
Insurance
There will always be those that resist change in the insurance industry but that should not be an excuse for shunning innovation, Greg Case, the chief executive of Aon, tells Intelligent Insurer. 4 August 2014
Insurance
Despite the UK motor insurance sector delivering its best underwriting results since 2006, premiums will continue to increase unless proposed legislative changes are brought into action and fraudulent claims addressed. Intelligent Insurer investigates. 4 August 2014
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