Articles

Insurance

Solid growth but changes to US GAAP hit profits at Swiss Re

Swiss Re enjoyed strong growth in the first quarter driven by its L&H Re and in Life Capital units but its profits were effected by a change in US GAAP accounting covering guidance on recognition and measurement of equity investments, which meant it took a $280 million hit to its net profit.   4 May 2018

Insurance

Liability, professional and speciality lines boost Argo in Q1

Argo Group posted strong growth in the first quarter of 2018 driven by its liability, professional and speciality lines in both its US and international books of business. Its profits dipped slighted because of higher expenses and changes in the value of its equity securities.   4 May 2018

News

Reinsurance price improvements may not be sustainable: Fitch

Having endured the heavy losses of 2017, reinsurers should enjoy an improvement in profits in 2018 as rates improve and cat losses return to normal levels, according to Fitch Ratings.   4 May 2018

Insurance

Marsh partners with Validus to launch new US fintech policy

Insurance broker and risk management firm Marsh has collaborated with professional liability specialist Validus Specialty to launch a new financial and professional insurance solution designed to manage US-based fintech companies’ growing risks.   4 May 2018

Alternative Risk Transfer

Willis Towers Watson shifts ILS from securities to reinsurance unit

Broker Willis Towers Watson is integrating its insurance linked securities (ILS) business into its reinsurance unit Willis Re.   4 May 2018

Insurance

Willis Re hires former Trans Re exec into global engineering practice

Willis Re has appointed Andrew Vince as deputy head of its global engineering practice.   4 May 2018

Insurance

THB boosts motor fleet with two hires

THB UK Risk Solutions, the UK broking operation of the specialist insurance and reinsurance broker THB, has appointed two new motor fleet brokers.   4 May 2018

Insurance

AIG profits dampened by nat cats in Q1

American International Group (AIG) reported a drop in net income to $938 million in the first quarter of 2018 from $1.2 billion in the same period a year ago as natural catastrophes impacted the results.   3 May 2018

Insurance

Talbot makes Singapore, London appointments for political risk, credit expansion

Validus Holdings unit Talbot Underwriting has hired from Zurich Insurance and Ironshore as it expands the global political risk and credit operations.   3 May 2018

Insurance

Validus reports Q1 loss as it is acquired by AIG

Bermuda-based Validus Holdings reported a net loss of $4.1 million for the first quarter of 2018 after a net income of $94.6 million in the same period of 2017.   2 May 2018

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.