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Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report. 3 April 2018
Insurance
US-based Integro Insurance Brokers is acquiring 100 percent of Hawkes Bay Holdings (HBH), the privately-owned principal parent company of Lloyd’s accredited broker Tysers. 29 March 2018
Insurance
Brian Boornazian, the chairman of Aspen's reinsurance segment and CEO of Aspen Re Americas, is to retire at the end of April. 29 March 2018
Insurance
The MS Amlin syndicate 2001 posted a loss of £499.7 million for 2017, driven by a sharp increase in net claims. This compares to a loss of £35.1 million incurred in 2016. 29 March 2018
Insurance
AmTrust syndicate 1206 has reported a sharp increase in the combined ratio in 2017 as claims from hurricanes Harvey, Irma and Maria (HIM) impacted the results. 29 March 2018
Insurance
Lloyd’s Acappella syndicate 2014 has appointed David Jones as active underwriter and Matthew Bellamy as deputy active underwriter. 29 March 2018
News
Munich Re is expecting to generate a profit of between €2.1 billion and €2.5 billion in 2018. This slightly exceeds the guidance that the company had projected for 2017, which was initially set at between €2.0 billion and 2.4 billion. 15 March 2018
Insurance
Italian insurer Generali posted a strong set of results for 2017 including a record operating result, a performance it attributed to its life business, asset and wealth management segment, investment performance and implementing cost reductions ahead of schedule. 15 March 2018
News
Munich Re has reported a loss in its property/casualty reinsurance unit of €476 million due to high levels of natural catastrophes. 15 March 2018
News
Swiss Re plans to increase its regular dividend and authorise a new public share buy-back programme of up to Sfr1 billion ($1 billion) at its Annual General Meeting of shareholders set for April 20, 2018. 15 March 2018
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