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Insurance
The insurance industry has the worst communicators in the financial services sector and the industry risks becoming irrelevant if it continues to look to the past instead of the future, Stephen Catlin, the founder and former CEO of Catlin Group, has claimed in a new book. 4 July 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
Insurance
Bernstein analysts expect US nat cat prices to increase by an average of 10 percent and US commercial property to go up by on average 5 percent as a result of insured losses caused by Hurricane Irma, Harvey and Maria. 4 October 2017
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has added construction insurance to its portal enabling brokers to quote and bind risks online. 11 May 2017
Insurance
After a busy 2015, when a flurry of M&A transformed the business, Willis Re’s global chief executive John Cavanagh is comfortable coming back above the parapet and extolling the virtues of growth despite numerous headwinds. Intelligent Insurer reports. 7 September 2016
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
European industrial lines insurer HDI Global has strengthened its presence in the Swiss market with a new office in Berne, its third in the country after Zurich and Lausanne. 21 June 2017
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired retail insurance broker GPL Assurance in Quebec to further expand and diversify its footprint in Canada. 4 August 2017
Insurance
The number of M&A insurance claims is increasing and large transactions are proving to be riskier with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG). 20 April 2017
Insurance
SCOR Global Life, the international life and health subsidiary of French reinsurer SCOR, has entered the US medical reinsurance market, offering a portfolio of customised solutions to manage medical risk and complex claims. 16 June 2017
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