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Insurance
On the back of a disappointing set of 2013 results UK insurance broker Brightside has accepted an offer which will see the business taken over by Belvedere Bidco, a newly formed company owned by AnaCap Financial Partners II. 9 May 2014
Insurance
Novae Group, the specialist listed Lloyd’s insurer, has further strengthened its agriculture reinsurance team, headed by Clive Hardy and senior treaty underwriter Hanne Wagner, with four new hires. 8 May 2014
Insurance
UK insurer RSA said a more disciplined underwriting approach was behind a fall in its net written premiums in the first quarter of the year, a period during which it also completed a rights issue to shore up its capital base. 8 May 2014
Insurance
Chief investment officers (CIOs) in insurers are increasingly shifting portfolio allocations towards non-traditional asset classes as they seek better returns. 8 May 2014
Insurance
Lorega has launched an on demand service extending its range of commercial claims support to cover public, employer and product liability and product recall. 8 May 2014
News
Profits at Munich Re fell by 5 percent in the first quarter of 2014 in an otherwise steady set of results mainly notable for the negative effect fluctuations in currency prices had on its gross written premiums and a warning by the company on price erosion in the reinsurance markets. 8 May 2014
Insurance
French insurer Axa enjoyed a period of solid growth in the first quarter of 2014 as almost all its business lines increased including its property/casualty arm. It also enjoyed double digit growth in some emerging markets. 8 May 2014
Insurance
Scandinavian insurance group Sampo enjoyed higher profits in the first quarter of 2014 in a set of solid results. But it warned on the unpredictable long-term implications of the rising tensions between Russia and the west over Ukraine. 8 May 2014
Insurance
Lloyd’s carrier Beazley reported flat gross written premiums (GWP) in the first quarter and said rates had also remained stable overall despite increased competitive pressures especially on catastrophe lines. 8 May 2014
Insurance
Insurer Markel UK has appointed Liam Greene, formerly of Hiscox, as professional and management risk underwriting manager. 7 May 2014
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