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North American operations hurt QBE results

25-02-2014Insurance news

QBE’s North American operations were blamed for disappointing 2013 results for the insurance group. The company said it has already taken a number of measures to turn the underperforming unit around.

ANZIIF launches 2014 Aon Benfield Scholarship

Asia Pacific24-02-2014Insurance news, Reinsurance News

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and Aon Benfield have launched the 2014 Aon Benfield Scholarship, which is designed to recognise an outstanding insurance professional in the Australian and New Zealand insurance markets.

Brightside appoints CEO

24-02-2014Insurance news, Specialty

Specialist insurance broker Brightside has appointed Paul Williams as chief executive officer.

Chubb plans four-year cat bond

North America24-02-2014Alternative Risk Transfer News, Insurance news, Reinsurance News

Chubb, the US insurer, is believed to be planning a new catastrophe bond. The deal would represent its sixth such deal but its first for two years.

CATCo appoints two directors of underwriting

Europe24-02-2014Alternative Risk Transfer News, Reinsurance News

CATCo Investment Management, the specialist insurance linked securities manager, has hired two underwriters who have both previously worked for AQR Capital Management and Magnetar Capital.

Fitch backs Philippines earthquake fund

Asia Pacific24-02-2014Insurance news, Property cat, Reinsurance News, Specialty

A proposed earthquake insurance fund for the Philippines, which would be developed by the Insurance Commission (IC) and the Asian Development Bank (ADB) has won the backing of Fitch.

Lloyd’s claims study to standardise report writing

Europe24-02-2014Insurance news

The Lloyd’s Market Association (LMA) will review the quality of claims management in the Lloyd’s market in a pilot project which will standardise report writing.

RSA considers rights offering to raise capital

Europe24-02-2014Insurance news

RSA Insurance Group is considering raising capital by way of a rights issue following a £200 million fraud in the Irish unit and substantial losses related to flooding in the UK.

Hiscox reports profit increase; remains cautious

Bermuda, Europe, North America24-02-2014Alternative Risk Transfer News, Insurance news, Reinsurance News

International specialist insurer Hiscox reported an 11 percent increase in pre-tax profits, but said that it will not take undue risk, “preferring modest investment returns alongside better underwriting results to fuel profits”.

Ironshore enters yacht insurance sector

Bermuda21-02-2014Insurance news, Specialty

Ironshore has appointed James Bishop, Jr. to lead its team which will provide cover for high-end pleasure craft, yachts and mega yachts on a global basis.

Showing 17461 to 17470 of 18823 results

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