News

News

Past US failures make SCOR cautious as it grows US P&C book

French reinsurer SCOR wants to grow its property/casualty portfolio in the US, particularly casualty business. But, stung by the mistakes of the past, it is proceeding with caution, Victor Peignet, CEO of SCOR Global P&C, told Intelligent Insurer.   19 February 2018

Insurance

Rates decline 1.3% for Brit in 2017

Specialty re/insurer Brit experienced an overall rate reduction of 1.3 percent in 2017, following a 3.3 percent reduction in 2016.   16 February 2018

Insurance

SafeWaters Underwriting Managers expands marine offering backed by Aspen

Ryan Specialty Group-owned SafeWaters Underwriting Managers has expanded its marine offering, backed by Aspen Insurance, to include cargo, hull & machinery, and marine liabilities coverages in the US and Latin American markets.   14 February 2018

Insurance

ArgoGlobal, Barbican lead first Lloyd's motor treaty consortium

ArgoGlobal has led the first Lloyd’s market consortium for motor treaty business, according to a Feb. 12 press release.   12 February 2018

Insurance

M&A activity in re/insurance on the rise

The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings.   12 February 2018

Insurance

SCOR improves rates by 3% at January renewals

French reinsurer SCOR improved risk-adjusted pricing by 3 percent at the January 2018 renewals compared to 2017.   8 February 2018

News

Swiss Re in talks to sell minority stake

Zurich-based reinsurance giant Swiss Re is in talks with Japanese conglomerate SoftBank Group regarding a potential minority investment in the reinsurer, according to a Feb. 7 statement.   8 February 2018

Insurance

Beazley reports 8% reinsurance price rise in US at January renewals

A record-breaking catastrophe year 2017 has allowed Beazley to increase reinsurance prices by 3 percent in non-US business and 8 percent in US business at January 2018 renewals.   8 February 2018

Insurance

XL Catlin appoints CUO international financial lines

Re/insurer XL Catlin has promoted Tim Powell to chief underwriting officer for international financial lines (IFL).   8 February 2018

Insurance

Australia’s Insurance Council Board appoints three directors

The Insurance Council of Australia (ICA) has made three new appointments to its board of directors.   8 February 2018

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