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Travelers has revealed that its net income for the second quarter of 2017 came to $595 million, a ten percent fall from the $664 million it made over same period of 2016. As a result the company reported that net income for the first half of 2017 came to $1.21 billion, an 11 percent fall on the $1.35 billion it made over the same period of 2016. 24 July 2017
Insurance
The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, has welcomed announcements by the development ministries of the UK and Germany to dedicate support to narrow the disaster protection gap for communities in the poorest countries. 21 July 2017
Insurance
Trade bodies have welcomed the news that the US intends to sign a covered agreement with the European Union noting that it provides certainty for reinsurers on both sides of the Atlantic. 17 July 2017
Insurance
French reinsurer SCOR has signed an agreement with the Fédération nationale de la Mutualité Française and Matmut to acquire 100 percent of the shares of MutRé. 17 July 2017
Insurance
Reinsurance broker Guy Carpenter has hired Tom Hettinger to lead its capital, structured risk, growth and rating agency advisory capabilities in the US and Canada. 17 July 2017
Insurance
Bermuda-based Sirius Group has expanded its specialty insurance platform with the addition of Robert Potter and Bob Albanese to its environmental team. 17 July 2017
Insurance
Re/insurer XL Catlin has opened a new office, focusing on political risk, credit and bond (PRCB) insurance, in Washington DC. 17 July 2017
Insurance
Specialist renewable energy insurer GCube Underwriting has appointed Steve Allen as director and Adam Hearn as senior underwriter in its London office. 17 July 2017
Insurance
Bermuda-based AXIS Capital Holdings has received final authorisation from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for its own Lloyd’s managing agent. 14 July 2017
Insurance
Tokio Millennium Re (TMR) has appointed Lloyd’s interim head of underwriting performance Brian Secrett as the company's new chief underwriting officer (CUO) and member of the executive committee with effect from October. 14 July 2017
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