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Insurance
Reinsurance rates deteriorated further in the July 1 renewals despite first quarter deterioration for many reinsurers’ results, according to the latest 1st View renewals report from Willis Re. 3 July 2017
Insurance
Fitch Ratings has revised its outlook on Lloyd's of London's and Lloyd's Insurance Company (China) to negative from stable because of concerns over the deterioration in underwriting performance, coupled with increasing exposure to catastrophe risk in against the backdrop of a soft market. 29 June 2017
Insurance
The frequency and intensity of the most “strong to extreme” storms are expected to increase while projections also reveal that the earth is likely to see an increase in the frequency and intensity of most of the other weather phenomena including severe thunderstorms, wildfires, inland floods and coastal floods. 29 June 2017
Alternative Risk Transfer
Excess capacity and strong competition among traditional and ILS markets have again been instrumental in driving rates down, says JLT Re. 29 June 2017
Insurance
Bermuda-based Assured Guaranty has announced its plan to combine the portfolios and operations of its four international financial guaranty insurance companies. 27 June 2017
Insurance
Lloyd’s CEO Inga Beale has detailed a new oversight approach in her June 26 half-yearly market briefing and plans for a 10 percent headcount reduction. 26 June 2017
News
Global reinsurers face further rate declines in 2017, driven by an abundance of reinsurance capacity and many years of modest insured losses, according to a June 23 S&P report titled, "Déjà Vu All Over Again: Global Reinsurers Awake To Another Year Of Declining Rates." 23 June 2017
Insurance
Moody's Investors Service has changed the outlook for the UK life insurance industry to stable from negative on the expectation of a moderate and manageable impact from Brexit. 20 June 2017
Insurance
CopperPoint Insurance Companies, a provider of workers compensation coverage, has named Mark Joos as its new chief financial officer. 14 June 2017
Insurance
French insurer AXA is in the process of acquiring a reinsurance license in India, Intelligent Insurer understands. 12 June 2017
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