Reinsurance Group of America, a global provider of life reinsurance, has reported third quarter net income of $262.8 million down from $301.2 million reported for the prior-year quarter.
Specialist insurer Hiscox’s latest trading statement for the first nine months of 2019 shows that gross written premiums grew by 7.3 percent in constant currency to $3,212.6 million (2018: $3,044.6 million), with growth in every segment.
Berkshire Hathaway’s reinsurance division rebounded into profit in the third quarter, as premiums grew amid stronger demand.
The 16th Singapore International Reinsurance Conference (SIRC) concluded on Friday at the Sands Expo and Convention Centre. This year, the conference attracted a record number of over 1,100 delegates representing over 400 companies and 53 countries from the insurance, reinsurance and broking community.
The insurance industry has welcomed the U.S. House Financial Services Committee voting by 57 votes to zero to advance a bill to extend the Terrorism Risk Insurance Act (TRIA).
Ascot has launched a management liability and financial institutions group, with the appointment of Ryan Becker as executive vice president.
PERILS, a Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include New Zealand.
New York-based Ironshore has named Thomas F. Leahy, Jr. as president of IronPro, its professional and management liability division, effective November 1, 2019.
Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance products, has established a new reporting structure led by newly appointed executive vice presidents. They will report to Kevin Rehnberg, president, group chief administrative officer and head of the Americas for Argo.
Mapfre Re reported a sharp fall in profit yesterday, hurt by an increase in claim frequency, and shares in Mapfre fell 4.6 percent despite strong growth for other parts of the company.