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Demand for business interruption cover from the manufacturing industry is likely to replace privacy-related issues as the main motivation to buy cyber coverage in the US, boosting growth of the segment and helping it to mature in Europe and Asia. Intelligent Insurer reports. 25 July 2016
News
Hannover Re parent Talanx has welcomed the decision of the US Federal Reserve to increase its key interest rate calling it a step towards the normalisation of monetary policy conditions for capital markets and suggesting that the European Central Bank (ECB) may follow suit. 15 December 2016
News
Profits plummeted at Munich Re in the second quarter of 2017 but the world’s biggest reinsurer said it was still well on track to reach its 2017 profit guidance of between €2 billion €2.4 billion. 9 August 2017
Insurance
Despite seeing cybersecurity as a top risk management priority, a survey finds out that only few senior executives believe in their organization’s ability to mitigate and respond to a cyber event. 16 February 2018
Insurance
Hyperion Insurance is set to acquire RK Harrison following approval by the companies’ respective boards and shareholders. 3 March 2015
Insurance
Pardus, a newly launched managing general agency, has appointed Nick Paine as head of North American property. Property will be the first of several classes that Pardus plans to launch this year. 8 July 2014
Insurance
Specialty re/insurer Navigators has appointed David Draper as the head of international casualty to drive growth. 24 February 2017
Insurance
The UK motor insurance market’s profitability is expected to approach break even in 2017 and see a strong uplift in profits in 2018, according to EY’s latest UK motor insurance analysis. 20 November 2017
Insurance
Bermuda-based AXIS was hit hard by natural catastrophes 2017 but CEO Albert Benchimol believes that the financial impact of the year’s challenges on the company do not explain the 23 percent drop in the firm’s share price and suggested that it was further exacerbated by questions relating to the Novae acquisition. 27 March 2018
Insurance
On the back of what it calls a very strong capital position and cash generation, Swiss Re is looking to increase its dividend and authorise a new public share buyback programme of up to Sfr1 billion. 23 February 2017
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