Tropical cyclone Marcia, which hit parts of central Queensland, could cost Australian insurer Suncorp up to A$150 million pre-tax.
Global insurance broker for the live entertainment industry, Robertson Taylor, has appointed Richard Arnold as head of private client services in the UK.
Commonwealth Re, the primary reinsurance company for Global Atlantic Financial Group, and its affiliates, have surpassed $25 billion in block transactions, including three transactions in the last 12 months.
Reinsurers are thinking more innovatively and seeking diversification in a bid to improve their bottom line, says Mohammad Khan, head of general insurance at PwC.
There are five key trends in the insurance space that are currently producing two consistent responses, according to Mike McGavick, chief executive officer (CEO) of XL.
Enstar, the run-off and insurance consultancy, posted a solid set of results for 2014, with an increase in its net earnings despite losses at its subsidiary Torus Insurance.
Berkshire Hathaway has kept the industry guessing on who will succeed Warren Buffett in its latest set of financial results – but it does appear to be a two horse race.
Re/insurance broker Jardine Lloyd Thompson (JLT) posted a solid set of 2014 results with strong growth in many units but in particular reinsurance, which doubled its revenues thanks to the effect of the Towers Watson acquisition.
ACR Capital has appointed Sergei Korol as group chief financial officer (CFO).
Hyperion Insurance is set to acquire RK Harrison following approval by the companies’ respective boards and shareholders.