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Insurance
Underwriting in the European reinsurance market remains under pressure but there are signs that rate declines are reducing and pricing is beginning to stabilise in some markets, according to Fitch Ratings. 16 March 2017
Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
Significant flaws exist in in the formula used to calculate the risk margin under Solvency II and a fundamental review of its methodology and calibration is required, Willis Towers Watson has claimed in a response to a European Insurance and Occupational Pensions Authority (EIOPA) Discussion Paper on the upcoming review of Solvency II. 16 March 2017
Insurance
Re/insurer XL Catlin has received regulatory approval from the Monegasque Minister of State to provide insurance policies in the principality of Monaco. 15 March 2017
Insurance
The re/insurance markets remain cyclical, with the industry operating on the very margins of profitability, a big catastrophic loss would adjust the balance of capital and underwriting opportunity, Alex Maloney, group chief executive of Lancashire, said in the company’s annual report. 14 March 2017
Insurance
Chris Elliott, the group chief executive officer (CEO) of Lloyd's broker Tysers and staff-owned broker Hawkes Bay Holdings, has stepped down from the position with immediate effect. 14 March 2017
Awards
Most (84 percent) of participants in an Intelligent Insurer survey want the way the personal injury Ogden discount rate is being calculated in the UK to change. 13 March 2017
Insurance
Risk modelling company RMS has expanded its services in the Asia-Pacific region with the launch of agriculture risk models in India and China. 13 March 2017
Insurance
Hong Kong-based Peak Re has created a unit in Zurich to benefit from Solvency II equivalence and sees growth potential in proportional reinsurance business in Europe. 13 March 2017
Insurance
Dubai-based re/insurer International General Insurance Holdings (IGI) has recorded lower gross written premiums and net profits for 2016, but management claims to “view future prospects with optimism.” 13 March 2017
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