News
Alternative Risk Transfer
Although there are hints towards pricing stabilisation in the global reinsurance market, continuing declines driven by increased competition and a lack of significant natural catastrophe losses signal a challenging 2017. Intelligent Insurer investigates. 12 January 2017
Insurance
AGC, a subsidiary of insurer Assured Guaranty, has completed the acquisition of MBIA UK Insurance, and will soon rebrand the company as its subsidiary. 11 January 2017
Insurance
The speed of convergence capital entering the market seems to have slowed, according to a new AM Best briefing. 10 January 2017
Insurance
CCR, the French government backed reinsurer, has now formally unbundled its open market reinsurance activities into its new subsidiary CCR Re, which commenced operations on January, 2017. 9 January 2017
Insurance
Credit and financial risk re/insurer CBL Corporation has completed its NZ$150 million ($104.4 million) strategic acquisition of Securities and Financial Solutions (SFS) and its claims management operation IMS Expert Europe (IMS). 9 January 2017
Insurance
While rates continue to remain low and the sector overcapitalised, the conditions of the global reinsurance market appear to be stabilising, according to AM Best. 9 January 2017
Insurance
The insurance financial strength (IFS) rating of Arch Capital's principal P&C re/insurance operating subsidiaries has been downgraded to A2 from A1 by Moody’s. The outlook for these ratings is stable. 6 January 2017
Insurance
AM Best has assigned a Financial Strength Rating of A (Excellent) to Covéa Coopérations (France), the holding company of société de groupe d’assurance mutuelle (SGAM) Covéa, a mutual insurance group in France. The rating’s outlook is stable. 6 January 2017
Insurance
The idea that some roles in the re/insurance industry could be replaced by robots or, more specifically, artificial intelligence (AI) systems, appears to have become a reality this week with the allegation that Japanese insurer Fukoku Mutual Life Insurance will replace more than 30 employees with an AI system. 5 January 2017
Insurance
Pricing stabilisation will remain a major challenge for re/insurers and many buyers managed to improve terms and pricing in the year-end renewals, according to the latest 1st View Renewals Report from Willis Re. 3 January 2017
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