Articles
News
Reinsurance Group of America (RGA) enjoyed strong growth in 2018 on the back of what its CEO said was its growing diversity from its global operating platform; its net profit fell compared with the year before, but this was because of one-off tax boost in 2017. 29 January 2019
Insurance
Allied World Assurance Company Holdings has reshuffled the leadership of its Bermuda operations as part of its growth and expansion strategy on the island. 28 January 2019
Insurance
Health insurer Aetna, part of US drugstore operator CVS Health, has entered into a four-year reinsurance arrangement with Vitality Re X as part of its long-term capital management strategy. 28 January 2019
News
A report by the UK’s Financial Conduct Authority (FCA) that will assess competition in the wholesale insurance broker sector dominate the International Underwriting Association’s (IUA) agenda, alongside Brexit, in 2019, the representative body has said. 28 January 2019
Insurance
Energy supplier Pacific Gas & Electric Co (PG&E), which has been accused of starting several of the wildfires that decimated parts of California last year, has been cleared of causing the Tubbs Fire by the California Department of Forestry and Fire Protection (Cal Fire), which is responsible for determining the origin and cause and of wildfires. 28 January 2019
Insurance
Bermuda-based Everest Re Group is expecting to incur fourth quarter 2018 catastrophe losses of $695 million, net of reinsurance, reinstatement premiums and taxes. 25 January 2019
News
Pimco, the US-based asset management subsidiary of insurer Allianz, has launched a new property and casualty insurance-linked securities (ILS) business. 25 January 2019
News
Bermuda-based Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks, has hired Marvin Pestcoe as its new executive chair and chief executive officer (CEO) from PartnerRe. 25 January 2019
Insurance
Large-scale group litigation resulting from mass data breaches is just one of a number of growing legal risks for the insurance sector in 2019, according to law firm RPC in its 2019 Annual Insurance Review. 25 January 2019
News
Increasing claims severity, social inflation and instances of adverse reserve development are now hurting carriers and point to a market in transition, according to a new report by JLT Re called ‘Uncharted Territory at its Market Prospective Event’. 25 January 2019
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