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European insurance companies are increasingly concentrating on high-margin lines and cost efficiencies in order to meet return on equity (ROE) targets, according to AM Best. 28 August 2018
Insurance
Belgium-based reinsurance managing general agency (MGA) FourteenZeroFive and marine group 24Vision.Solutions formed a joint venture to facilitate the take up of reinsurance for engineering and energy placements across Africa. 15 May 2018
Insurance
Bermuda-based Randall & Quilter (R&Q) has completed a transaction providing capital to support the reinsurance to close (RITC) of Hamilton Underwriting’s Syndicate 3334’s 2014 and prior years of account. 19 February 2018
Insurance
A last ditch attempt by British Steel to claim a disputed £30 million in insurance from Zurich Insurance and Liberty Insurance to potentially save the firm from insolvency has failed as Intelligent Insurer went to press. 22 May 2019
Insurance
Reinsurers are likely to bear the brunt of the losses caused by hurricane Michael, KBW's Meyer Shields suggested in a research note. 11 October 2018
Insurance
Brokerslink has expanded its global broker network with the addition of eight new independent brokers from Africa, extending its presence to 21 countries across the continent. 11 October 2018
Insurance
The Lloyd’s Corporation has decided to direct underwriters in the market to terminate any existing programmes involving the National Rifle Association of America (NRA). 9 May 2018
Alternative Risk Transfer
A combination of losses in 2018, capital still trapped in relation to 2017 events and a lack of new capacity entering the market, will likely lead to a hardening of the pricing of ILS deals and higher prices in the retro market in 2019. 10 January 2019
News
Korean Reinsurance Company is set to establish a subsidiary in Switzerland, according to AM Best’s Jan. 16 Asia-Pacific newsletter. 16 January 2018
Insurance
A Chinese court has rejected an appeal by Anbang Insurance Group’s former chairman Wu Xiaohui against a conviction for fundraising fraud and embezzlement that led to an 18-year jail sentence and confiscation of ¥10.5 billion ($1.52 billion), according to an Aug. 16 Reuters report. 17 August 2018
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