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Insurance
Reinsurers that attempt to increase rates on programmes in Asia on the back of the recent catastrophe losses in North America risk losing market share to new or emerging reinsurance capital that has so far struggled to gain market share in the region, Stuart Beatty, chief executive, Asia-Pacific, JLT Re, told SIRC Today. 31 October 2017
Insurance
Primary insurance writers in Asia are exploring growth opportunities in new, longer tail business segments—but a shortage of experienced actuaries in the region may open up opportunities for reinsurers that have the relevant technical experience and can partner with insurers on writing such business. 31 October 2017
Insurance
Argo International, the Lloyd’s insurer and member of Argo Group, has launched a new product that encompasses third party liability associated primarily with pollution but also environmental damage. 9 January 2014
Insurance
Capita Insurance has appointed Colin Grint as chief executive, corporate insurance, with effect from April 7, 2014. 7 March 2014
Insurance
Argo Group has reported a dip in its profits for 2015 to $163.2 million, compared with $183.2 million in 2014. 9 February 2016
Insurance
The London Market Target Operating Model (TOM) Steering Board has agreed to prioritise three key initiatives during 2016 after meeting for the first time. 9 February 2016
Insurance
US-based global health service company Cigna has called off a proposed merger agreement with Anthem following an order from the US District Court for the District of Columbia and demands more than $14.85 billion compensation from Anthem. 15 February 2017
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
Amlin, the global specialty re/insurer, has posted a slight dip in its 2015 profit, down to £252.3 million, compared with £258.7 million in 2014, amid challenging market conditions. 9 March 2016
Insurance
American International Group is to sell its interest in Ascot Underwriting Holdings and related syndicate-funding subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board (CPPIB), which invests the assets of the Canada Pension Plan. 19 September 2016
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