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Insurance
The UK government’s new proposal for the personal injury Ogden discount rate could mean reserve releases for re/insurers of up to £2.5 billion, according to consultancy firm EY. 7 September 2017
Insurance
QIC Group has experienced substantial growth in the first nine months of 2016, although its net profits only increased slightly which the group attributes to tough market conditions. 26 October 2016
Insurance
Insurer ACE has strengthened its international marine team with the appointment of four executives. 8 June 2015
Insurance
London-based PIB Group has acquired independent insurance broking and risk management company DE Ford based in York. 27 January 2017
Insurance
Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note. 6 September 2017
Insurance
The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company. 15 November 2018
News
Reinsurance broker JLT Re has partnered with risk modelling company KatRisk to offer flood modelling in Canada. 21 March 2017
Insurance
Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s. 12 February 2018
Insurance
The formation of a new state-backed reinsurer in Russia will hit the long-term growth potential of global reinsurers in the country, which will be forced to cede a percent of premium to the new entity even on existing long-term treaties. 7 December 2016
Insurance
Premium growth at Lloyd's of London is likely to slow and may even decline in 2017/18 as competition intensifies and economic growth remains tepid, according to a Moody's Aug. 31 report. 31 August 2017
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