Articles
Insurance
The profitability of London Market insurers is set to remain under pressure in 2018, according to Fitch Ratings. 10 October 2018
Insurance
Chubb has estimated the net losses in the third quarter of 2018 attributable to natural catastrophes globally at $450 million pre-tax, or $372 million after tax. 10 October 2018
Insurance
Japan’s Sompo is planning for a sharp increase in the profit contribution to the group from its overseas business Sompo International Holdings (SI), Mike McGuire, chief financial officer of Sompo International, said in a presentation. 10 October 2018
Insurance
Deal values across property/casualty (P&C) and life insurance are expected to more than double in 2018, marking the second-busiest year since 2005, according to S&P Global Market Intelligence. 9 October 2018
Insurance
Insurers and reinsurers exposed to hurricane Michael in Florida are likely to be only modestly impacted by hurricane Michael because of their typically high reinsurance protection, according to KBW. 9 October 2018
News
Swiss Re believes it can insulate itself from downwards pressure on rates in the reinsurance market by offering clients value-added services such as data, technology and expertise, head of reinsurance Moses Ojeisekhoba, told Intelligent Insurer. 8 October 2018
Insurance
Lancashire Holdings has issued a profit warning for its third quarter 2018 results due to losses in its marine and catastrophe re/insurance portfolios. 8 October 2018
Insurance
Former Maiden Holdings CEO Arturo Raschbaum has been awarded a lump-sum cash payment of $2.2 million as part of his retirement package. 5 October 2018
Insurance
Service provider Davies Group has increased revenues and profitability in the financial year ended June 30, 2018, through investments in technology and acquisitions. 5 October 2018
Insurance
A new ownership structure for CNP Assurances, a French provider of life insurance and term creditor insurance, could make it harder for the insurer to negotiate or retain distribution deals with other banks, notable BPCE, creating some strategic uncertainties, according to Moody’s. 4 October 2018
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