Articles
Insurance
Munich Re has benefitted from low major losses in the first quarter of 2018, lifting its net profit to €827 million from €557 million in the first quarter of 2017. 8 May 2018
Insurance
Zurich’s life business has enabled Zurich to post a stable operating profit in the first half of 2017, offsetting the impact caused by the UK’s personal injury Ogden rate change. 10 August 2017
Insurance
Aegon has agreed to sell its Dublin-based subsidiary Aegon Ireland to AGER Bermuda, the holding company of the European operations of Athene Holding. 10 August 2017
Insurance
Loss adjusting business Charles Taylor Adjusting (CTA) acquired UK-based Criterion Adjusters, which comprises Criterion Surveyors, a high net worth-focused pre-risk survey business, and Criterion Claims Management, a specialist claims firm. 10 August 2017
Insurance
Swiss Re said on Oct. 20 that it estimates combined losses from the hurricanes Harvey, Irma and Maria and the earthquakes in Mexico in the third quarter of 2017 to be approximately $3.6 billion, net of retrocession and before tax. 20 October 2017
Insurance
New Zealand’s Serious Fraud Office is now investigating CBL Insurance and associated entities, adding to investigations by the Reserve Bank and Financial Markets Authority. 27 June 2018
Insurance
Property/casualty insurer Chubb has established a major accounts division in the Asia Pacific region to be headed by Doug White, who is currently the country president of Hong Kong, Taiwan & Macau. 22 August 2018
Insurance
Ascot Group has appointed Jerry Tegan, former president and CEO of RSG Underwriting Managers, as the executive chairman of Ethos Specialty Insurance Services. 12 February 2018
News
The Export-Import Bank of the US (EXIM) has developed a reinsurance programme with major players like XL Catlin and Liberty Specialty Markets to share risk and provide an additional $1 billion in loss coverage for a significant portion of EXIM’s existing portfolio of large commercial aircraft financing transactions. 3 April 2018
Insurance
The deal value of global insurance mergers and acquisitions (M&A) surged to €37 billion in the first six months of 2018, with many mega deals pushing the value to its highest first-half total since the financial crisis. 31 October 2018
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