News

News

Swiss Re earnings driven by underwriting again

In the first half of 2018, Swiss Re’s earnings were driven by underwriting, a shift from the same period a year ago.   6 August 2018

Insurance

AIA expands in Australasia with $3bn cash acquisition

Pan-Asian life insurance group AIA said on Sept. 21 that it reached an agreement with the Commonwealth Bank of Australia to acquire CommInsure Life and Sovereign, CBA’s life insurance business in Australia and life and health insurance businesses in New Zealand.   21 September 2017

Insurance

Fidelis adds energy market capacity with new MGA Kersey

Bermuda-based Fidelis Insurance has acquired an equity stake in a new managing general agent (MGA) Kersey Specialty that will focus on upstream energy subscription market insurance.   21 September 2018

Insurance

Admiral breached new FCA renewal rules

Motor insurer Admiral included inaccurate premium amounts in renewal documents issued to some customers, breaching new Financial Conduct Authority (FCA) rules.   16 June 2017

Insurance

Mapfre adopts start-up mentality for building international business

Mapfre Global Risks, the unit of global insurance firm Mapfre that specialises in providing insurance solutions for multinationals, is planning to grow internationally through a mixture of setting-up new units and building upon existing branches.   15 June 2017

Insurance

XL Catlin names senior underwriter for Asia Pacific

XL Catlin’s insurance operations has appointed Bonnie Chow as senior underwriter, political risk and trade credit for Asia Pacific, to be based in Sydney.   26 August 2016

Insurance

WR Berkley's reinsurance unit posts underwriting loss in Q1

Commercial lines insurer WR Berkley Corporation has reported an underwriting loss for the first quarter of 2017 in its reinsurance operations.   25 April 2017

Insurance

Markel hires Atradius senior underwriter to boost APAC trade credit

Specialist insurer Markel International has appointed Dillon Matthews as trade credit underwriter and senior risk analyst in Singapore to strengthen and broaden its Asia Pacific resources.   12 June 2017

Insurance

M&A and share buybacks on the rise in Europe's insurance sector: Survey

A surge in M&A and share buybacks could sweep Europe's insurance sector in 2017 with firms now considering both these options as a way to use surplus capital, according to a report by Moody's Investors Service.   12 June 2017

Insurance

Revised Ogden proposals could save re/insurers up to £2.5bn

The UK government’s new proposal for the personal injury Ogden discount rate could mean reserve releases for re/insurers of up to £2.5 billion, according to consultancy firm EY.   7 September 2017

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