News
Insurance
Poor liquidity, under-pricing, under-reserving, and management and governance issues are among the main recurring issues that have caused, and still are causing, the failure of rated and unrated insurers, according to a report published by Standard & Poor's Ratings Services. 19 June 2013
Insurance
“The whole market wants Lloyd’s to succeed and it is widely recognised that Lloyd’s unique attributes are more relevant than ever today. We are not underestimating the size of the challenge ahead of us,” Daniel Revilla, head of Latin America at Lloyd’s, told FIDES Today. 10 September 2019
Insurance
German-based Allianz Group has increased the size of its digital investment unit Allianz X, making it one of the largest corporate venture funds in Europe. 20 February 2019
Insurance
Most reinsurers would like to lower their expense base—but new research suggests that those that spend more also achieve a better underwriting performance, Lewis Phillips of Litmus Analysis told Monte Carlo Today. 9 September 2019
Insurance
Bermuda-based James River Group Holdings has given notice of early cancellation of all insurance policies issued to Rasier - its largest customer and an affiliate of ridesharing company Uber Technologies. 9 October 2019
Insurance
HDI Global Specialty SE, a joint venture of Hannover Re and HDI Global SE, has strengthened its London contingency team with two new senior underwriting hires. 7 October 2019
Insurance
Lloyd’s six bold initiatives receive 'outstanding' support from market participants and stakeholders
Lloyd’s of London has received "widespread backing" from its market participants and stakeholders on its recently-launched strategic plan of transformational initiatives, including simplifying market access and lowering costs, to ensure the 333-year-old marketplace can thrive in an increasingly challenging environment. 12 July 2019
Insurance
Aon has launched an auction capability for the January 1, 2020 reinsurance placements, claiming it can save insurers’ time. 9 September 2019
Insurance
Following its rating upgrade to ‘A’ last year, Sava Re is taking on more cat business and enjoying steady growth, as the firm’s Peter Skvarča and Edward Ottino tell Baden-Baden Today. 22 October 2019
Insurance
Despite the region’s diversity, some common problems are apparent across the entirety of the Asian insurance sector. Mark Morley of Willis Re explains how some of them should be tackled. 17 November 2021
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