News
Insurance
Claims inflation is driving up reserves and impacting results, making further rate increases necessary to stabilise underwriting profitability, Liberty Mutual executives said during a March 2 results presentation. 3 March 2017
Insurance
Bahrain regulated reinsurer Arab Insurance Group (Arig) has received a license from Dubai Financial Services Authority to operate its wholly owned new reinsurance subsidiary Arig Insurance Management (AIM) which will mainly focus on facultative specialty lines with underwriting authority from Arig. 2 March 2017
Insurance
Ratings agency AM Best said it will monitor the situation after Bermuda-based Maiden Holdings delayed the filing of the company’s 2016 annual report by up to 15 days. 2 March 2017
Insurance
US-based property/casualty insurer Liberty Mutual Holding Company reported attributable net income of $1.01 billion for 2016, an increase of $492 million versus the same period in 2015. 2 March 2017
Insurance
Bermuda-based Maiden Holdings has said that its 2016 results were substantially down on the previous year after it was hit by a $120 million reserve charge. 1 March 2017
Insurance
The shift in the personal injury rate is a clear negative for the short-term earnings and capitalisation of UK insurers, particularly those with large motor portfolios, AM Best said in a statement. 1 March 2017
Insurance
The British Insurance Brokers' Association (BIBA) has appointed Litmus as consultants to provide technical support on issues relating to broker use of credit ratings and insurer solvency. 1 March 2017
Insurance
Enstar Group enjoyed a profitable 2016 and also solid growth. But it also warned that if pricing in many lines of business continues to deteriorate, its underwriting margins may suffer and it may need to write less premium in certain lines of business. 28 February 2017
Insurance
Bermuda legacy specialist Enstar Group has appointed Jie Liu to its board of directors. 28 February 2017
News
JLT Re, the reinsurance arm of Jardine Lloyd Thompson Group, managed solid growth in 2016, partly boosted by two acquisitions, and improved profits as it overcame continued declines in pricing across most classes of business. 28 February 2017
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