Articles

Insurance

Motor liability won’t disappear with self-driving cars, says UnipolRe CEO

Motor liability is unlikely to disappear with the emergence of self-driving cars because the critical decisions will remain the responsibility of the driver, UnipolRe CEO Marc Sordoni told Intelligent Insurer.   18 May 2017

Insurance

AM Best assigns A+ rating to WR Berkley Europe

AM Best has assigned a financial strength rating of A+ (Superior) to property/casualty firm WR Berkley Europe. The outlook of the rating is stable.   3 November 2015

Insurance

Reinsurance capacity grows despite major cat losses

Capital dedicated to reinsurance continued to grow in 2017 despite catastrophe losses, according to Guy Carpenter research.   18 January 2018

Insurance

Berkshire Hathaway launches cyber liability insurance in New Zealand

Berkshire Hathaway Specialty Insurance Company (BHSI), has introduced its cyber liability insurance office in New Zealand and appointed Ian Marshall as senior underwriter, executive and professional lines.   28 July 2016

Insurance

AIG sells its interest in Ascot subsidiaries but commits to Bermuda

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

Insurance

IAIS commitment to transparency may help insurers avoid G-SII list: Fitch

The International Association of Insurance Supervisors’ (IAIS) commitment to a more transparent approach may help insurers avoid making the list of global systematically important insurers (G-SIIs).   21 June 2016

Insurance

Soft pricing and low profitability biggest challenges for re/insurers in 2017

A soft market squeezing profitability in the insurance and reinsurance market is the biggest concern for executives, according to an online survey conducted among Intelligent Insurer readers.   28 December 2016

Insurance

IFRS 17 implementation may cost up to £2bn in the UK, says Prudential CFO

The implementation of the new accounting standard IFRS 17 may cost between £1bn – £2bn in the UK, said Nic Nicandrou, chief financial officer of Prudential.   1 June 2017

Insurance

UK insurance premium tax hikes to 9.5%

Insurance premium tax is set to hike to 9.5 percent in the UK from 6 percent, George Osborne, the UK Chancellor of the Exchequer, revealed today.   8 July 2015

Insurance

Chubb & Aon launch management liability collaboration in Bermuda

Chubb Bermuda and Aon Bermuda have launched a management liability collaboration.   3 May 2016

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