Articles
Insurance
Swiss Re is cutting back its business not only in property/casualty (P&C) but also in its favoured corporate solutions segment as rates reach intolerable levels and waits for the operating environment to improve. 24 February 2017
Insurance
The Hanover Insurance Group has announced several organisational changes to drive global growth through its “go-forward” business strategy over the next five years. 24 February 2017
Insurance
Beecher Carlson Insurance Services, the specialised large account subsidiary of Brown & Brown, has expanded its US West Coast operations with the appointment of Keith Newell as managing director. 23 February 2017
Insurance
Validus Specialty, a subsidiary of Bermuda-based Validus Holdings, has appointed a new team of US-based cyber underwriters, comprising Jackie Lee and Mary Spicer, from the commercial errors and omissions (E&O), cyber division of Nationwide Insurance. 23 February 2017
Alternative Risk Transfer
Weston Hicks, the president of Alleghany Corporation, which owns TransRe, has said that cracks are starting to appear in the foundations of the property/casualty industry and stressed that the so-called alternative reinsurance markets remain untested in the aftermath of a big loss warning that the industry may have created a monster. 23 February 2017
Insurance
TransRe enjoyed strong growth in 2016 but this was largely driven by a one-off whole account quota share transaction and Alleghany Corporation, its parent company, stressed that it remains highly selective in the reinsurance treaties that it writes. 23 February 2017
Insurance
Alleghany Corporation, the parent company of TransRe, enjoyed solid growth in 2016 but its profits dipped on the back of mixed investment results and a highly competitive property/casualty market. 23 February 2017
Insurance
France’s reinsurer SCOR is searching for opportunities to deploy its excess capital which is set to grow further through the ongoing merger of its units and is unlikely to be squeezed by a qualification of SCOR as a systemically important financial institution. 22 February 2017
Insurance
Profits dipped at SCOR in 2016 in what was an otherwise solid set of results for the French reinsurer, which continued to grow largely thanks to contributions from its Global Life unit while its Global P&C business also expanded its footprint in the US. 22 February 2017
Insurance
Insurance broker NFP has acquired US-based McLaughlin & Smoak (M&S) employee benefits broker to expand its benefits footprint in the Southeast region. 22 February 2017
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