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Insurance
Global insurance premiums increased by 3.1 percent in real terms in 2016, down from 4.3 percent growth in 2015, according to the latest Swiss Re Institute's sigma report. 5 July 2017
Insurance
Bermuda-based holding company Fidelis Insurance has promoted Ian Turner to the position of group chief actuary. 5 July 2017
News
Crosswinds Re, a specialty reinsurance business vehicle established by Crosswinds Holdings in the Cayman Islands, has entered into an underwriting agreement with TransRe as it struggles to find profitable business. 5 July 2017
Insurance
Traditional insurers are too slow to react to trends in the sector and managing general agents (MGA’s) may be able to adapt more quickly and efficiently, offering the necessary expertise and potentially making the insurer’s underwriting capabilities become obsolete, according to a panel discussion at the 2017 Managing General Agents’ Association conference. 5 July 2017
Insurance
Liberty Specialty Markets (LSM), part of the Liberty Mutual Insurance Group, has officially announced that it intends to headquarter its post-Brexit EU operations in Luxembourg. 4 July 2017
Insurance
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, and Bradesco Seguros, the insurance conglomerate of Bradesco Group, have officially started their joint venture operation in Brazil. 3 July 2017
Insurance
The recent ‘WannaCry’ ransomware virus attack was heralded as a wake-up call for businesses concerned about their cyber security but has failed to boost demand for insurance, according to communications consultancy group FWD. 3 July 2017
Insurance
Bermuda-based specialty re/insurance provider Fidelis Insurance has announced a new specialty joint venture with former Hiscox executive Rob Ashton. 3 July 2017
Insurance
Capital Risks, a newly-formed transaction liability insurance managing general agency (MGA), has hired Alex Smith as underwriting director. 3 July 2017
Insurance
Insured cost of hailstorm Paul which hit Germany in June is estimated at around €400 million, according to actuarial consulting company Meyerthole Siems Kohlruss (MSK). 3 July 2017
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