Articles
Insurance
The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company. 15 November 2018
Insurance
Bermuda-based Sirius International Insurance, a global multi-line re/insurance group, has revealed several key promotions and the formation of a new management committee. 11 September 2018
Insurance
Dutch insurer NN Group enjoyed an increase in its profits in the third quarter of 2018 partly boosted by further cost savings as a result of its 2017 acquisition of Delta Lloyd. 15 November 2018
Insurance
The recent new wave of consolidation has shown a further trend towards more companies operating so-called hybrid business models, whereby they write both insurance and reinsurance. Such a model can generate useful synergies, but it is also one of many factors driving consolidation, Torsten Jeworrek, member of Munich Re’s Board of Management, told Monte Carlo Today. 9 September 2018
Alternative Risk Transfer
The global ILS market is looking increasingly healthy, as a wide range of industry experts told Intelligent ILS at this year’s Monte Carlo Rendez-vous. 28 September 2018
Insurance
US stand-alone and package cyber premiums combined grew by 54 percent year on year to $2.1 billion in 2017 while the direct loss ratio for standalone cyber insurance declined, according to Fitch Ratings. 10 May 2018
Insurance
A weakening US dollar is likely to boost earnings of global property/casualty (P&C) firms, according to a Jan. 30 Morgan Stanley note. 31 January 2018
Insurance
Given some of the headlines and predictions of big rate hikes in the aftermath of the 2017 cat losses in the US, most buyers will be pleased with what remains a relatively stable environment for rates as they head to Monte Carlo, Mark O’Riordan, group reinsurance director at Ecclesiastical, told Monte Carlo Today. 9 September 2018
News
To secure growth in Europe, Swiss Re is taking a more holistic and innovative approach, the firm’s Russell Higginbotham tells Baden-Baden Today. 22 October 2018
Insurance
Bermuda-based Monument Re has acquired the full ownership of Aspecta Assurance International Luxembourg, a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain, according to a Jan. 30 press release. 31 January 2018
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