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Chubb’s net profits soared in the third quarter reaching $1.2 billion in the period compared with a net loss of $70 million in the same period a year earlier, when it was hit by multiple natural catastrophes. Its combined ratio for the period was 90.9 percent compared with 110.8 percent in the same period a year earlier. 24 October 2018
News
New Reinsurance Company (NewRe) is eyeing significant growth potential outside the subdued European traditional property/casualty (P&C) segment, especially in life business, weather risk and structured solutions, Renate Strasser, chief executive of NewRe, told Baden-Baden Today. 22 October 2018
Insurance
American International Group (AIG) owned Japanese general insurance companies AIU and Fuji Fire and Marine have set their merger completion date to January 1, 2018 to form a new company that will start operating on a consolidated basis from April 1. 14 February 2017
News
Continental Reinsurance has appointed Ajibola Olusanya Ogunshola and Emmanuel Brule as non-executive directors of the company. 14 December 2016
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Vanessa Maxwell as head of professional indemnity and cyber insurance, and Tom Dilley as head of financial institutions in Southern Europe. 27 July 2017
Insurance
The European Union Financial Affairs Sub-Committee has launched a new inquiry into the future of financial regulation and supervision post Brexit. 27 July 2017
Insurance
Insurer Alliant has appointed Kevin Kenny as executive vice president and managing director to its Alliant Americas division that provides insurance, risk management services to midsized businesses. 30 June 2017
Insurance
The natural catastrophe losses of 2017 revealed some “surprising” disparities in reinsurers' exposures and their estimated return periods, according to a new report by S&P called ‘Are Global Reinsurers Ready For Another Year Of Active Natural Catastrophes?’ 26 July 2018
Insurance
Markel Global Insurance, a division of specialty insurer Markel Corporation, has hired John Ferguson as a director of the New York-based US excess casualty team. 21 July 2017
Insurance
Insurtech initiatives will lower property/casualty rates representing a win-win for all, according to MarketScout, the Texas-based insurance exchange, MGA and forecasting company. 21 July 2017
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