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Insurance
Insurer Beazley has announced that it made a profit of $158.7 million for the first half of 2017, a six percent increase on the $150.2 million it made in the first six months of 2016. 24 July 2017
Insurance
XL Group, the parent company of the newly-formed XL Catlin, has boosted its board with the appointment of Claus-Michael Dill as a director. 7 August 2015
Insurance
As scale and diversification remain key for reinsurers grappling with pricing pressure, players are adapting their business models, according to Moody’s Investors Service. 12 September 2016
Insurance
Lloyd’s of London made a heavy loss in 2017 after being hit hard by the US hurricane season. While this may have been expected due to the market’s gearing towards US natural catastrophes, Lloyd’s top executives are now urging the market to boost profits by curbing costs and being more cautious with its risk selection. 5 April 2018
Insurance
Insurance assets for sale in the UK due to Solvency II and demand for acquisitions in Asia Pacific (APAC) are set to drive M&A activity in 2017, according to accounting and advisory firm KPMG. 17 March 2017
Insurance
New York-based property/casualty insurer AmTrust Financial Services has delayed its 2016 consolidated financial statements (10-K) and said that the company's 2014 and 2015 financial reports will be restated and should no longer be relied upon. 17 March 2017
News
Politicians across Europe should work together to better prepare and manage the aftermath of catastrophic losses stemming from flooding, believes Ludger Arnoldussen, member of the Board of Management at Munich Re. 21 October 2013
Insurance
Insurers must not get wrapped up in the hype around technology and must instead ensure they innovate and invest in technology in a disciplined way, says Paul Mang, Aon’s global CEO of analytics. 16 October 2017
Insurance
The performance of the reinsurance sector shows a clear trend of deterioration as the soft market squeezes profitability. While traditional reinsurers return capital to shareholders due to a lack of profitable business opportunities, alternative capital remains keen for opportunities to invest – potentially making the situation worse, suggests James Vickers, chairman of Willis Re International. 21 April 2017
Insurance
In association with Swiss Re, Monte Carlo Today conducted a survey of senior industry executives ahead of and during the conference. The responses to various key questions will be published in this newsletter. 11 September 2016
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