Articles
Insurance
Morris Tooker, the former president of Gen Re’s property/casualty reinsurance business, has resurfaced at US insurer The Hartford. 21 July 2015
Insurance
Net profits at Zurich Insurance Group dipped in the second quarter of 2016 thanks to lower realised capital gains and restructuring charges. But company’s operating profits improved markedly and the firm’s chief executive hailed the impact of changes the business has made. 11 August 2016
Insurance
The recent US tax change and the significant natural catastrophe losses that hit the market in 2017 are expected to trigger consolidation in the re/insurance sector with a particular focus on Bermuda. 26 January 2018
Insurance
Bahrein-based re/insurer Trust Re said its profits fell to $18.8 million in 2016 from $30.8 million a year ago, driven by lower investment income. 3 April 2017
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, is acquiring a strategic stake in Malene Insurance Brokers, a leading Malaysian independent niche broker in the energy and power sector, and a specialist in takaful insurance, which complies with Sharia law. The company is also purchasing the remaining 51 percent of shares in CIMB Howden. 11 February 2019
Insurance
Citizens Property Insurance Corporation posted a net loss of $944.2 million for the period between January and September 2017. 20 November 2017
Insurance
Israeli insurtech startup Nexar has raised $30 million in Series B funding to support its next phase of expansion while appointing new members to the executive team. 24 January 2018
Insurance
Investment bank analysts have calculated and explained how the huge insured losses from COVID-19 are likely to pan out for the industry, particular companies and lines, and are affecting already firming prices. Intelligent Insurer reports. 30 April 2020
Insurance
RenaissanceRe enjoyed strong growth in the second quarter in both its property book and its casualty book and its profits grew. But it warned that “meaningful uncertainty” remains around the scale of claims stemming from many of the big catastrophes that hit its profits last year. 25 July 2018
Insurance
Car insurance premium cuts are speeding up and have dropped 9.1 percent year on year to an average £766 in the UK with black box technology – so-called telematics – helping to drive the fall in prices, analysis from Consumer Intelligence shows. 27 September 2018
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