Articles

Insurance

AIR Worldwide pegs storm Eberhard insured losses at €1.5bn

Insured losses from European winter wind storm Eberhard are expected to be between €900 million and €1.5 billion, according to catastrophe risk modelling firm AIR Worldwide.   14 March 2019

Insurance

AM Best moves Greenlight Re outlook to 'negative' over underwriting profitability concerns

Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance".   3 June 2019

Insurance

Swiss Re Corporate Solutions appoints Nigon as head of engineering & construction Asia Pacific

Swiss Re Corporate Solutions has appointed Patrice Nigon as head engineering & construction (E&C) Asia Pacific (APAC), succeeding Andre Martin, who became head of innovative risk solutions APAC.   28 June 2019

Insurance

Peak Re explains the rationale for its European expansion

Hong Kong-based Peak Re has created a unit in Zurich to benefit from Solvency II equivalence and sees growth potential in proportional reinsurance business in Europe.   13 March 2017

Insurance

Allianz partners with insurtech Wrisk to modernise motor insurance

Insurer Allianz has entered into a strategic motor insurance agreement with insurtech startup Wrisk, which is backed by firms like Munich Re, Hiscox and QIC.   26 June 2019

Insurance

Marsh launches Japanese aircraft finance insurance consortium with Sompo

Broker Marsh has developed a Japanese aircraft finance insurance consortium (AFIC) in collaboration with Sompo Japan Nipponkoa Insurance and Sompo International.   26 June 2019

Insurance

Re/insurers should better manage results volatility caused by FX

An increase in foreign exchange volatility in the second quarter of 2016, enhanced further by the surprising result of the UK’s EU referendum vote, has distorted the performance of re/insurance companies during the period. Making more use of hedging for foreign exchange risk could ease such distorting effects from companies’ profit and loss accounts, experts claim.   26 August 2016

Insurance

Swiss Re and SCOR outlooks changed to 'negative' due to COVID-19 impact

S&P says Swiss Re's underwriting performance is deteriorating, while Moody's believe SCOR is more vulnerable than other peers to COVID-19 mortality claims.   11 May 2020

Insurance

Legal & General partners with Co-operative Bank for home insurance

UK-based Legal & General is partnering with The Co-operative Bank to offer a range of home insurance products.   9 May 2018

Insurance

R&Q appoints KPMG exec chief restructuring officer

Randall & Quilter Investments Holdings, the non-life legacy insurance investor and capacity provider of US and European programme business, has hired Mike Walker, a former partner and the global head of insurance restructuring at KPMG.   2 October 2019

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