Articles
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has teamed up with Managing General Agents’ Association (MGAA) to support the UK’s delegated underwriting network. 10 May 2017
Insurance
Hannover Re is showing more optimism for the property/casualty (P&C) business which has been particularly impacted by the current soft market after recording significant growth in the first quarter of 2017. 10 May 2017
News
Hannover Re’s profits slipped slightly in the first quarter but the reinsurer enjoyed strong growth driven by structured reinsurance demand for reinsurance solutions providing solvency relief and growing demand for cyber coverage. 10 May 2017
Insurance
Despite higher revenues in the first quarter of 2017, broker Aon saw profits slide as expenses grew due to restructuring and M&A. 9 May 2017
News
Munich Re enjoyed strong growth in the first quarter of 2017 and much improved profits noting that while pressure rates remains intense, it has noted a slight easing in some lines of business. 9 May 2017
Insurance
Maiden Holdings enjoyed solid growth in the first quarter of the year though its profits were dented by higher expenses and casualty losses. 9 May 2017
Insurance
Hiscox enjoyed very strong growth in the first quarter driven by its retail and special risks divisions though its reinsurance division shrank as it noted that rates remain under great pressure in certain classes of business. 9 May 2017
Insurance
US property and casualty insurers reported a $4.7 billion net underwriting loss in 2016, com-pared to an $8.9 billion net underwriting gain in 2015. Their net income after taxes dropped 25 percent to $42.6 billion from $56.8 billion the previous year. 9 May 2017
Insurance
Twelve Capital, the independent investment manager specialising in insurance, has hired a new director within its portfolio management team who will have a principal concentration on catastrophe bond strategies. 9 May 2017
Insurance
Enstar, an insurance holding company that owns StarStone and Atrium, posted improved profits in the first quarter of 2017 though its net written premiums shrank as it warned on “challenging market conditions” in both underwriting and investing and “overcapacity in many markets for insurable risks”. 9 May 2017
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