A.M. Best predicts European resilience
At its recent London briefing, A.M. Best indicated that the European non-life industry continues to “display strong resilience” in the face of difficult conditions.
Bolt outlines tougher claims approach
“If you don’t meet the service standard, you can’t do the service.”
Hardy Underwriting establishes Asia platform
Hardy Underwriting has opened a new office in Singapore as the insurance and reinsurance underwriter looks to develop its presence in Asia.
Lloyd's considering Moscow office
Lloyd’s chairman Lord Levene has revealed that the market is “actively considering” creating a presence in Russia.
CV Starr opens Paris office
New York-headquartered underwriter and insurer, CV Starr, has opened its Paris office as the firm looks to develop its European presence.
Swiss Re announces a change in leadership
The reinsurance giant announced the switch in executive level positions and the appointment of a new chief risk officer, new chief operating officer and a chairman of global partnerships.
Share buybacks gather pace
Platinum Underwriters Holdings repurchased 2.2 million of its common shares for $91.8 million during the three months ended September 30, 2010.
Brokers point to excess capital effects
Reinsurers find themselves with excess capital in a landscape that “looks more like 2007 than 2008”, according to Guy Carpenter, which predicted overall rate decreases in the property catastrophe reinsurance market.
Less than half of US reinsurers have a reinsurer unit
Just 44 percent of US insurers have their reinsurance administered by a dedicated department, according to a survey conducted on behalf of Inpoint Services.
Accounting change could transform insurers' access to funds
New accounting standards could improve insurance financial reporting and transform the relationship between insurers and investors.