Articles
Insurance
Equity analysts from Jefferies have praised the significant cyber and casualty at specialty insurer Beazley in 2017. 28 February 2018
News
While presenting a sharp drop in profit for 2017 due to heavy natural catastrophe losses, Swiss Re CEO Christian Mumenthaler and chief financial officer David Cole praised the reinsurer’s diversification strategy away from P&C reinsurance which Swiss Re wants to further develop. 26 February 2018
Insurance
Singapore-based insurtech UEX has raised S$1.3 million (approximately $1 million) of funding from French insurance broker Verspieren to strengthen its presence in the Singaporean market. 26 February 2018
Insurance
Swiss Re has posted a loss in property/casualty reinsurance and corporate solutions, with life & health helping to prevent a group loss in 2017. 23 February 2018
Insurance
American International Group (AIG) has been loss-making for the last two years, but the reported 2017 net loss of $6.08 billion hides improvements on the operating side as a more in-depth look into the numbers reveals and CEO Brian Duperreault is working on getting the insurance giant back on a growth path. A changed reinsurance cover structure is also part of the plan. 22 February 2018
Insurance
Bermuda-based Randall & Quilter (R&Q) has completed a transaction providing capital to support the reinsurance to close (RITC) of Hamilton Underwriting’s Syndicate 3334’s 2014 and prior years of account. 19 February 2018
Insurance
Third party capital can help reinsurers lower the cost of capital and therefore coverage and this should be seen as an attractive business opportunity, according to AXIS Capital CEO Albert Benchimol. 16 February 2018
Insurance
North American insurance buyers can expect non-catastrophe-exposed programmes’ pricing to be flat to +5 percent, according to Willis Towers Watson’ Property Market Update. 15 February 2018
Insurance
Specialty re/insurer Brit has completed the fourth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus, the company said in a Feb. 14 press release. 14 February 2018
Insurance
Shares of Bermuda-based insurer XL Group jumped following news that it is attracting interest from rivals including Allianz of Germany. 8 February 2018
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