Articles
Insurance
Zurich Insurance Group has elected former Swiss Re CEO Michel Liès as chairman of the board of directors for a one-year term. 5 April 2018
Insurance
Lloyd’s of London made a heavy loss in 2017 after being hit hard by the US hurricane season. While this may have been expected due to the market’s gearing towards US natural catastrophes, Lloyd’s top executives are now urging the market to boost profits by curbing costs and being more cautious with its risk selection. 5 April 2018
Insurance
Swiss Re CEO Christian Mumenthaler has explained how the reinsurer is looking to invest in technology while it is, at the same time, likely to make acquisitions in life insurance businesses. 4 April 2018
Insurance
Lloyd’s Broker Endeavour Insurance Services has launched a new cyber security coverage programme that aims to fill a gap in the market covering manufacturers from the risk of physical damage caused by cyber-attacks. 4 April 2018
Insurance
After China took control of Anbang Insurance Group, the China Banking Insurance Regulatory Commission has approved a plan to inject ¥60.804 billion ($9.65 billion) of capital into the company while seeking new investors. 4 April 2018
Insurance
Japanese conglomerate SoftBank is expected not to acquire more than a 10 percent share of Swiss Re’s share capital and therefore will not become the anchor shareholder Swiss Re would like to have, CEO Christian Mumenthaler said in an April 4 press conference. 4 April 2018
Alternative Risk Transfer
Insurers and reinsurers sponsored approximately $3.1 billion in catastrophe bonds in the first quarter of 2018, up 34 percent from the first quarter of 2017, according to data analytics provider PCS. 4 April 2018
Insurance
Global insured catastrophe losses are estimated at between $5 billion and $10 billion, well below the historical average of $14 billion, according to Morgan Stanley analysts. 4 April 2018
News
Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report. 3 April 2018
Insurance
McLarens Aviation, a provider of survey and loss adjusting services to the global aviation industry, has opened a new office in Frankfurt, Germany while hiring a team of aviation adjusters. 3 April 2018
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