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Insurance
Corporation tax in the UK will be slashed to 18 percent by 2020, according to Chancellor George Osborne who presented the UK Budget today (July 8, 2015). 9 July 2015
Insurance
Charles Taylor, a provider of professional services to the insurance market, has announced that its subsidiaries Cardrow Insurance and Beech Hill Insurance, which are non-life insurance companies in run-off, have entered agreements to transfer their insurance businesses to Tenecom, a subsidiary of Berkshire Hathaway. 19 October 2015
Reinsurance
“No news is usually good news in reinsurance.” That was the message from Denis Kessler, the chairman and chief executive officer of the reinsurer SCOR, discussing details of the group’s new strategic plan which he presented to investors on September 4. 8 September 2013
Insurance
Qatar Insurance Company (QIC) has reported a small increase in its profits last year but a big hike in its gross written premiums driven by its continued geographical expansion. 21 January 2016
Insurance
XL Group has appointed Edward Kelly to its board of directors. 5 August 2014
Insurance
Allianz Global Corporate & Specialty (AGCS), Allianz’s specialist corporate insurer, has launched a suite of financial lines insurance products in the US. 13 January 2015
News
Some of the world’s biggest reinsurers will be hardest hit by a prolonged soft market if an analysis of ratio of reserves to premiums is conducted, according to analysts at CreditSights. 30 September 2016
News
India reinsurer GIC Re enjoyed growth of 21.4 percent last year (in the 12 months to March 31, 2016) and anticipates similar levels of growth in the next period driven by both international expansion and growth in its domestic market, Alice Vaidyan, chairman-cum-managing director, GIC Re, told Monte Carlo Today. 14 September 2016
Insurance
Reinsurers face three main challenges, in the view of Hannah Grant, head of reinsurance at Insurance Europe. These are significant regulatory changes, increases in extreme weather and growing market access problems. 14 September 2014
News
As GIC Re aims to be a top 10 reinsurer globally, chairman-cum-managing director Alice Vaidyan describes the company’s growth plans to Monte Carlo Today. 11 September 2016
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