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Insurance
Switzerland-based Zurich Insurance Group has booked a charge of $289 million as a result of the UK’s decision to change the Ogden personal injury discount rate. 11 May 2017
Insurance
Australia’s re/insurer QBE said on Aug. 17 that the company’s CEO of emerging markets David Fried is stepping down after the operations reported disappointing underwriting results in the first half of 2017. 17 August 2017
Insurance
US property/casualty insurer The Hartford reported a net loss of $3.7 billion for the fourth quarter 2017, primarily due to a $3.1 billion loss on discontinued operations related to the agreement in December to sell Talcott Resolution and a $877 million charge due to the reduction in the US corporate tax rate. 9 February 2018
Insurance
France-based credit insurance company reported lower net income for the first quarter of 2017 but the combined ratio improved as the company implements actions to protect profitability. 8 May 2017
Insurance
More than half (54 percent) of high net worth individuals are concerned that they are underinsured, with many worried they are buying insurance that may be inadequate for their needs, according to new research by Chubb. 14 March 2017
Insurance
Property/casualty insurer Chubb has completed the integration of its key operating companies in Europe. The announcement follows the acquisition of Chubb Corporation by ACE in January 2016, creating a global insurance firm operating in 54 countries. 4 May 2017
Insurance
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update. 4 May 2017
Insurance
The Chartered Insurance Institute (CII) has partnered with the insurance authority of United Arab Emirates to establish an education programme in Abu Dhabi to boost professionalism in the UAE insurance sector. 13 March 2017
Insurance
Barbican Protect, the UK insurance arm of Barbican Insurance Group, has appointed Martin Eyres as underwriting director. 8 March 2017
Insurance
Aon Risk Solutions (ARS), the global risk management business of Aon, has appointed Julie Page as the chief executive officer (CEO) in the UK with effect from April 1. 7 March 2017
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