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Some 11 bidders have thrown their hats in the ring to acquire the portfolio of Schwarzmeer und Ostsee Versicherungs AG (SOVAG), the Germany-based insurer, which is being restructured by Arndt Gossmann, the company’s chief executive since May this year. 11 September 2017
Insurance
The reinsurance sector is in the challenging later stages of a soft market, meaning conditions remain ripe for mergers and acquisitions (M&A), Robert DeRose, senior director of reinsurance at AM Best, told Monte Carlo Today. 11 September 2017
Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
News
Boosted by its recent acquisition of Generali, French reinsurer SCOR posted substantial growth in the first quarter of 2014 with its gross written premiums (GWP) hitting €2.6 billion, up 14.8 percent at constant exchange rates. 6 May 2014
Insurance
Insurance technology expert Atticus Associates has released its data quality platform, Atticus DQPro, with global specialty insurer Brit. 26 May 2016
Insurance
Nicola Marriage, the recently appointed senior underwriter, political risks, at Markel International talks to Intelligent Insurer about her upcoming challenges in the role, her proven track record in the insurance market and her most interesting cuisine experiences. 14 January 2016
Insurance
The UK’s Lord Chancellor David Lidington has proposed to change the setting of the personal injury Ogden discount rate to set by reference to “low risk” rather than “very low risk” investments as at present, better reflecting evidence of the actual investment habits of claimants. 7 September 2017
Insurance
The UK government needs to continue working on insurance issues such as whiplash reforms and the discount rate review despite the distraction caused by Brexit negotiations, law firm Clyde & Co has warned. 12 June 2017
Insurance
Broker Cooper Gay has appointed Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, Group CEO. 28 June 2016
Insurance
The insurance industry must redouble its efforts to maintain its relevance as an increasing number of board-level risks do not have an insurable solution at the present time, according John Hurrell, the outgoing CEO of Airmic, the UK’s risk management association. 9 June 2017
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