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Swiss Re offered some interesting insights into its future strategic priorities in its results covering the first quarter of 2017 as it emphasised initiatives to close so-called protection gaps in society and opportunities in Asia. 4 May 2017
Insurance
Insurer Chubb has expanded its life science team in the UK and Ireland to further build its specialty casualty insurance capabilities for middle-market and multinational businesses across the region. 4 May 2017
Insurance
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update. 4 May 2017
News
Profits plummeted at PartnerRe in the first quarter of the year as it blamed a number of factors including changes to the Ogden discount rate in the UK, a decline in favorable prior year reserve development and lower profitability in its health line of business. 4 May 2017
Insurance
Lancashire Holdings enjoyed a rise in profits in the first quarter of 2017 though the company’s gross written premiums shrank significantly. 4 May 2017
Insurance
American International Group (AIG) has completed the sale of its Japan life insurance business, AIG Fuji Life Insurance (AFLI), to FWD Group, the insurance segment of Pacific Century Group. 2 May 2017
Insurance
The London Market Group (LMG) has reappointment Nicolas Aubert, head of Great Britain for Willis Towers Watson, as its chairman for another term. 28 April 2017
Insurance
Liberty Specialty Markets (LSM), part of the Liberty Mutual Insurance Group, has appointed Stuart Sutherland as its new head of casualty. 26 April 2017
Insurance
Towergate Insurance, an independent insurance intermediary in the UK, has said that it plans to restructure a number of central finance processing teams resulting in 133 employees being placed at risk of redundancy. 25 April 2017
Insurance
Re/insurer XL Catlin has expanded its mergers and acquisitions (M&A) insurance product suite while strengthening its global team with three key hires. 25 April 2017
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