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Insurance
Africa Re said on Aug. 14 that large losses in South Africa (the Cape fire & storms) and in the Middle East (Abu Dhabi National Oil Company) pushed down its profit in the first half of 2017. 14 August 2017
Insurance
UK businesses are unprepared for the potential length and severity of a cyber security breach, according to a new report by insurance broker Lockton. 14 August 2017
Insurance
Comparison Creator, a software development company specialising in product comparison, said on Aug. 14 that it launched a platform called Protect Your Gadget. 14 August 2017
Insurance
US-based specialty insurer Markel Corporation is set to launch a new trade credit and political risk operation in Chicago. 14 August 2017
Insurance
Zurich’s life business has enabled Zurich to post a stable operating profit in the first half of 2017, offsetting the impact caused by the UK’s personal injury Ogden rate change. 10 August 2017
News
Hannover Re posted a remarkably bullish set of results in the first half of 2017 enjoying growth in profits and gross written premiums despite an “intensely competitive” property/casualty market and its performance in life and health reinsurance “not entirely satisfactory”. 10 August 2017
Insurance
Aegon has agreed to sell its Dublin-based subsidiary Aegon Ireland to AGER Bermuda, the holding company of the European operations of Athene Holding. 10 August 2017
News
Pricing on many lines of business continued to soften in the June 1 and July 1 renewals on the back of intense competition though price increases were recorded on treaties hit by losses, especially in Australia and New Zealand, according to Hannover Re, commenting in relation to its first half results. 10 August 2017
Insurance
Loss adjusting business Charles Taylor Adjusting (CTA) acquired UK-based Criterion Adjusters, which comprises Criterion Surveyors, a high net worth-focused pre-risk survey business, and Criterion Claims Management, a specialist claims firm. 10 August 2017
Insurance
Broker Willis Towers Watson has appointed Fabien Conderanne to the new position of deputy head of financial solutions, Asia Pacific, to expand its business in across the region. 10 August 2017
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