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The profits of reinsurer Hannover Re increased in the third quarter of the year despite what the company described as sustained pressure on prices and conditions, especially on the property/casualty side. 4 November 2015
Insurance
Property and casualty insurer ACE has appointed Cara Brown as political violence and terrorism underwriter, ACE overseas general, as it continues to invest in this area of insurance. 4 November 2015
News
K Sanath Kumar, acting chairman-cum-managing director of GIC Re, called for greater collaboration between the re/insurance industry, government and global bodies such as the World Bank at a round table held by the Indian reinsurer at the 13th Singapore International Reinsurance Conference yesterday (Tuesday November 3). 3 November 2015
Insurance
Re/insurers should not be perturbed by the widely reported slowdown in China’s economy as the country will still offer significant opportunities for the industry even when growth is dampened, Andy Caldwell, deputy active underwriter, Syndicate 1955, Barbican Insurance Group, told SIRC Today. 3 November 2015
Insurance
In June, Swiss reinsurance broker Reunion held its fourth annual round table discussion—this year in St Petersburg, Russia. The 2014 discussion focused on the coverage of engineering and construction risks in Russia. What follows is a snapshot of a part of the discussion which focused on construction and erection risks and delayed start-up coverage. 3 November 2015
Insurance
Bermuda-based Endurance Specialty Holdings has seen a drop in its profits in the third quarter of the year to $43.6 million versus a profit of $68 million for the third quarter of 2014. 3 November 2015
Insurance
The operating profits of American International Group (AIG) dipped in the third quarter of the year to $691 million compared with $1.7 billion in the prior-year quarter. 3 November 2015
Insurance
Bermuda-based Blue Capital Reinsurance Holdings reported an increase in its profits for the third quarter of the year. 3 November 2015
Insurance
Arthur J Gallagher (AJG), the international broking division of Arthur J Gallagher & Co outside of the US, has said its specialist binding authority and facility division will now trade as Capsicum Delegated Authority. 3 November 2015
Insurance
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
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