Articles
Insurance
Some insurers are looking to strengthen their reinsurance programmes in the aftermath of hurricanes Irma and Harvey as they fear being underexposed with so much of the hurricane season still to run. 13 September 2017
Insurance
Pricing discipline by Munich Re, Swiss Re, Hannover Re and SCOR is proving an important competitive advantage in the face of declining market pricing and investment yields, Fitch Ratings said on Aug. 16. 16 August 2017
News
Munich Re has expanded the property/casualty (P&C) reinsurance business by 16 percent year on year in the first nine months of 2018 and chief financial officer Jörg Schneider is confident that this new business is of good quality. 7 November 2018
Insurance
The Hartford, a US-based property/casualty insurer, has entered into an agreement to transfer $1.6 billion, or 29 percent of its $5.6 billion in US qualified pension plan liabilities, to Prudential Financial. 27 June 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
Following the completion of its acquisition of Ironshore, property/casualty insurer Liberty Mutual has combined its existing Liberty International Underwriters (LIU) US business and Ironshore’s US specialty lines business under the Ironshore brand. 3 May 2017
Insurance
Insurance group White Mountains has agreed to sell OneBeacon Insurance Group to Intact Financial Corporation, Canada's largest provider of property/casualty insurance, for approximately $1.7 billion. 3 May 2017
Insurance
Italy’s Generali is selling a non-life run-off portfolio of its UK branch to Compre Group, a discontinued business specialists in the insurance industry. 19 December 2017
Insurance
The global insurance industry is likely to see slightly increased growth by 2018 driven by better economic prospects in the US and in many emerging markets which will offset negative factors such as declining growth in the Chinese market, according to Munich Re. 20 April 2017
Insurance
Malicious and/or non-malicious cyber incidents are excluded in most classes of business covering physical damage losses, according to a report by the Lloyd’s Market Association (LMA) called ‘Cyber Risks & Exposures Model Clauses: Class of Business Review’, which reviews by class non-affirmative and affirmative coverage and commonly used exclusions. 23 April 2018
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