Articles

Insurance

QBE warns of $1.2bn FY 2017 loss

Australia’s QBE has warned the markets that it expects to report a full year 2017 after tax loss of around $1.2 billion due to catastrophe losses, reserve strengthening and write-downs.   23 January 2018

Insurance

S&P upgrades Berkshire insurance units outlook

S&P Global Ratings has changed the outlook to stable from negative for Berkshire Hathaway's (BRK's) operating insurance subsidiaries, National Indemnity, Government Employees Insurance, General Reinsurance, and other related insurance subsidiaries due to a more robust capital base.   27 September 2018

Insurance

AEGIS London appoints hull book leader from Hiscox

AEGIS London, the UK-based subsidiary of AEGIS, has appointed Jonathan Humm as its new class underwriter for marine hull. He joins from Hiscox where he was deputy hull underwriter.   22 May 2018

Insurance

P&C industry’s reserve position strengthened in 2017: Conning

The overall property and casualty industry’s loss reserve position appears to be sufficient, after again strengthening in 2017.   15 June 2018

Insurance

QBE prepares Nordic expansion with new hire

QBE Business Insurance has appointed Maths Stanser as market manager for the Nordics to drive growth in the region.   29 January 2018

Insurance

Munich Re appoints Von Bomhard as new chairman of supervisory board

Reinsurer Munich Re has elected former CEO Nikolaus von Bomhard as the new chairman, and Anne Horstmann as deputy chairman of the supervisory board.   1 May 2019

Insurance

Heavy losses prompt "strategic review" of ProAssurance Lloyd's syndicate

Specialty insurance company ProAssurance Corporation is expecting to report a net loss of $9 million to $10.5 million from its London market business, prompting a "strategic review" of its Lloyd's syndicates.   5 February 2019

Insurance

Sompo expects to double profit in 2018

Sompo Holdings expects consolidated ordinary profit to double in the full year 2018 (ending March 31, 2019) based on the impact of hurricanes in North America and large losses.   18 May 2018

Insurance

Chubb appoints new reinsurance officer

Insurer Chubb has named Jeremiah Konz as executive vice president, reinsurance officer for its international general insurance business Chubb Overseas General.   18 September 2018

Insurance

S&P warns on reinsurers’ increasing earnings volatility due to nat cats

Global reinsurers' earning volatility will intensify if annual natural catastrophe claims keep moving toward levels that are closer to the long-term average, S&P Global Ratings said on Aug. 14.   15 August 2017

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