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Controlling stake goes to UK-based venture capital fund and US-based investment funds group. 6 November 2019
News
‘In the coming year we are looking for a relatively stable profit contribution from property and casualty reinsurance’. 6 November 2019
Insurance
Insurers are facing more costly claims in aviation for collisions, groundings and aircraft repairs, even though there have been fewer fatal accidents. 5 November 2019
Insurance
AXA XL has strengthened its UK Life, Accident & Health team with key hires and promotions. 5 November 2019
Insurance
Oxbridge Re has reported a net loss in its third quarter 2019 results, although Jay Madhu, president and chief executive officer, praised the reinsurer’s “conservative risk management underwriting focus” for helping the company “remain unaffected by the devastation” caused by Hurricane Dorian, Typhoon Hagibis and the recent California wildfires. 5 November 2019
Insurance
The re/insurance industry needs to “collaborate closely with the public sector” to close the insurance protection gap in Asia Pacific, according to Hermann Pohlchristoph, a member of Munich Re’s management board. 4 November 2019
Insurance
Individual life insurance providers are shifting their approach from producer focused to end-customer focused by introducing more online access capabilities and more frequent customer touch points. 4 November 2019
Insurance
Net income for US Mortgage insurer Radian is $173.4 million in Q3 2019 compared to net income for the quarter ended September 30, 2018 of $142.8 million. 4 November 2019
Insurance
Although Lebanese insurers are accustomed to operating in a challenging economic environment, an accelerating decline in investor confidence and US dollar cash-flow constraints create further risks for insurers with fixed costs in US dollars. 4 November 2019
Insurance
US insurance giant AIG Group reduced its combined ratio from previous years’ ruinous levels, helped by lower catastrophe losses, and its reinsurance strategy. 4 November 2019
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