News
Insurance
Bermuda-based PartnerRe has completed the acquisition of North American life reinsurance company Aurigen Capital, according to a statement. 4 April 2017
Insurance
Lloyd’s of London reported underwriting losses in all classes in the accident year 2016, driving the management to take action to improve underwriting quality and expenses. 31 March 2017
Insurance
Pressure facing the global reinsurance sector may be magnified in Bermuda, rating agency AM Best suggested. 30 March 2017
Insurance
Ratings agency AM Best has said that Endurance Endurance Specialty Holdings’ operations will benefit from being a significant operation within a larger organisation with deep financial resources as a result of its acquisition by Sompo Holdings. 29 March 2017
Insurance
Chinese conglomerate Fosun said that its Bermuda-based specialty property/casualty insurer Ironshore made a net profit of $115.7 million in 2016 while producing an underwriting loss with a combined ratio of 102.1 percent. Premium income was 2.20 billion during the period. 29 March 2017
Insurance
The pressure and risks faced by insurers in Europe are increasing further in 2017, pressuring profitability and return on capital, according to China-based credit rating agency. 29 March 2017
Insurance
For European insurers, 2017 could be pivotal as the way they will respond to ultra-low interest rates, difficult economic conditions in certain regions, and political uncertainties could have a long-term effect on risk profiles and overall creditworthiness, according to S&P Global Ratings. 27 March 2017
Insurance
In recent months, life insurance has lost some of its appeal as demand for bank deposit savings surpassed traditional life insurance, AM Best said in a report. 27 March 2017
Insurance
UK life insurers, general insurers and brokers intend to invest heavily in IT, including blockchain and emerging technologies, according to the latest CBI/ PwC Financial Services Survey. 27 March 2017
Insurance
The four largest cedants in Germany are boosting reinsurance demand in the country as they take advantage of soft market conditions, according to AM Best’s analysis of the 20 largest cedants. 23 March 2017
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