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Insurance
Ratings agency S&P Global has lowered its long-term counterparty credit and senior unsecured debt ratings on Markel Corporation to 'BBB' from 'BBB+' following its recent M&A activity. The outlook is stable. 28 July 2017
Insurance
The Reinsurance Group of America’s (RGA) EMEA and Asia-Pacific segments had a favourable second quarter, although the group’s overall net income has slightly dipped compared with the prior-year quarter. 28 July 2017
Insurance
Bermuda-based Validus Holdings has reported net income for the second quarter of 2017 of $101.1 million, an increase on the $95 million it made in the second quarter of 2016. 28 July 2017
Insurance
Commercial property insurer FM Global has made key changes to its management team, moving leaders within the company into new roles in Europe and Asia. 28 July 2017
News
PartnerRe’s second quarter 2017 income came to $191 million, a substantial increase on the $137 million it made over the same period of 2016. 28 July 2017
Insurance
Arch Capital Group has reported that its second quarter 2017 net income came to $173.8 million, a fall of 16 percent on the $205.6 million that it made over the same period of 2016. 28 July 2017
Insurance
AXIS Capital saw its income for the first six months of 2017 decline by almost half, blaming the fall on the impact of the Ogden rate change in the UK, as well as property losses. 27 July 2017
Alternative Risk Transfer
As the size of its economy grows, Russia is increasingly vulnerable to the devastating effects of a big catastrophe hitting the country. To manage these growing risks, the country’s governments and insurers should consider the many advantages of using insurance-linked securities, say Kirill Savrassov of Phoenix CRetro, Clive O’Connell of McCarthy Denning, and Rom Aviv of IBI ILS Partners. 27 July 2017
Insurance
With implementation of the European General Data Protection Regulation looming, companies could be faced with hefty penalties should they not meet the new data security demands. Many firms are unprepared but there is also the possibility the fines could be insured, meaning this is now a double-edged sword for insurers. Intelligent Insurer investigates. 27 July 2017
Events
Insurance group Ageas has reached an agreement with BNP Paribas Cardif to sell its 50 percent +1 share in the share capital of its Italian non-life operations Cargeas Assicurazioni (CARGEAS). 27 July 2017
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