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Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
AIG has appointed Michael Brady as the company’s first chief technology officer (CTO). 10 April 2015
Insurance
Companies with captives based in Europe are likely to consider redomiciling them to Asia, due to the higher capital charges they will incur under Solvency II, according to a report from Marsh, Asia Insurance Market Report 2016. 13 October 2016
Insurance
The Association of British Insurers (ABI) is looking to help expand the industry’s opportunities to trade after the Brexit vote by identifying eight countries as priority markets. 21 November 2016
Insurance
The move of the the European operations to Brussels after Brexit is a logical move as mainland Europe insurance operations grow faster than in the UK and the prospects look good, said Richard Pryce, CEO QBE European Operations. 27 February 2018
Insurance
Stephen Catlin, who is stepping down as executive deputy chairman of the XL Group, is not in the mood for retiring yet. 6 July 2017
Insurance
Bermuda-based Everest Re has expanded its US insurance platform with the appointment of two executives into its casualty operation. 19 August 2015
Insurance
Swiss Re plans to strengthen its research and development (R&D) capabilities to more efficiently identify and allocate capital into more attractive, growing risk pools, the company revealed at a Dec. 2 investors’ day briefing. 2 December 2016
Insurance
The covered agreement between the EU and the US will establish a level playing field for transatlantic reinsurance business. But as it makes underwriting more attractive for reinsurers from the opposite side of the Atlantic, it is set to increase competition in both markets, adding pressure on pricing and conditions in an already soft market. Other countries like Switzerland don't want to be left behind. 19 January 2017
Insurance
Prior-year reserve releases, which have been supporting reinsurers’ profitability in the current soft market, are drying up at some reinsurers, which may help to increase rates, Munich Re chief financial officer Jörg Schneider. 9 May 2017
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