Articles

Insurance

Generali increases stake of India venture in strategic growth plan

Italy's Generali Group has increase its stake in the Future Generali insurance ventures in India to 49 percent from 25.5 percent as part of its strategic expansion plan in Asia.   26 June 2018

Insurance

GE's $15bn LTC reserve charge read-across to sector by analysts

After General Electric (GE) revealed a $15 billion statutory long-term care (LTC) reserve charge over 7 years in January 2018, KBW analysts mull over potential read-throughs to the industry.   21 March 2018

Insurance

Alesco bolsters energy practice with key hires

Alesco Risk Management Services, a specialist insurance and risk management broker, has expanded its energy division with the appointment of two new partners.   29 January 2018

Insurance

Argo back to profit in Q3

Bermuda-based Argo Group International Holdings has returned to profit in the third quarter of 2018 compared to the same quarter of 2017.   6 November 2018

Insurance

AmTrust posts $350m loss as it goes private

US specialty property/casualty insurer has posted a net loss of $348.9 million for 2017 after a net profit of $430.4 million in 2016 as the company prepares to go private.   19 March 2018

Insurance

Talanx targets €850m profit in 2018

The Talanx Group, which includes Hannover Re, is aiming for a net income of around €850 million in 2018 and an increase in gross premiums (adjusted for currency effects) of more than 2.0 percent.   19 March 2018

Insurance

Hurricane Irma losses to exceed Assurant’s retention

Assurant said on Sept. 11 that it expects pre-tax losses from Hurricane Irma to exceed its retention of $125 million pre-tax but that they will remain within the company’s comprehensive reinsurance program.   12 September 2017

Insurance

Talanx acquires Liberty Mutual's Turkish unit

The Germany-based group Talanx is acquiring 99.4 percent of the shares in Liberty Sigorta, the Turkish non-life subsidiary of US-based Liberty Mutual Group.   23 January 2018

Insurance

California’s Thomas Fire insured losses at up to $2.5bn

The Thomas Fire that affected the Southern California counties of Ventura and Santa Barbara in December 2017 has caused insured losses of between $1 billion and $2.5 billion, according to estimates by data analytics firm RMS.   23 January 2018

Insurance

Liberty appoints new global financial risks manager for Asia

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted Chris Sawyer to the role of manager, global financial risks (GFR) for the Asia-Pacific region.   23 January 2018

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