ACE Group has appointed Mattias Nordenberg to the role of casualty manager, Nordics, as part of a programme of investment to further strengthen its proposition for corporate clients across the region.
ACE posted healthy growth in its first quarter results driven largely by its property/casualty book, especially in North America where rate increases were also achieved. But its profits for the quarter dipped substantially.
RenaissanceRe enjoyed strong growth of almost 11 percent in the first quarter of 2014 driven by its Lloyd’s and specialty businesses. Its profits dipped, however, as its chief executive warned of pressure on pricing and available capital in the market outstripping demand.
The ongoing political upheaval in the Ukraine is an important point of discussion for attendees at this year’s RIMS conference according to Vinko Markovina, senior vice president, global practice leader, international insurance solutions for Allianz Global Corporate & Specialty.
Homeowners and private passenger auto lines are driving the continued release of industry reserves.
The recent influx of third-party capital could damage Bermuda’s re/insurers by adding fuel to the fire of already increased competition.
Cunningham Lindsey, a provider of loss-adjusting and claims management services, has launched a new global specialty markets (GSM) team covering the London market.
AXIS Capital enjoyed some growth in its first quarter results, especially in its reinsurance book. But a mixture of lower investment income and property losses hit its profitability as its CEO warned on weaker market conditions.
Driven by its reinsurance unit, Willis posted strong results for the first quarter of 2014 with both its revenues and profits increasing. The company also announced a plan to deliver substantial cost savings across the business over the next four years.
Xchanging, the business, procurement and technology services provider, has agreed a three-year claims processing contract to support its Lloyd’s customers.