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Insurance
As the re/insurance sector faces another year of soft pricing environment in 2017, market participants fear that large losses could significantly hit profits, which have been protected by the benign cat environment in recent years. 27 December 2016
Insurance
Reinsurers and insurers are set to seek growth through acquisitions in 2017 in order to diversify and gain required scale to excel in a challenging environment. However, they are likely to face difficulties in finding appropriate targets. 26 December 2016
Insurance
Terrorist groups such as Islamic State have shed light on gaps in the offering of terrorism insurance which offers an opportunity to grow for some carriers. 26 December 2016
Insurance
Navigators Group’s new international unit, Navigators International Insurance (NIIC), has secured a financial strength rating of ‘A’ from S&P Global Ratings, which cited the 20-year track record of its parent company. The outlook on the rating is stable. 23 December 2016
Insurance
While the UK vote to leave the EU has shocked London with its large internationally-oriented financial services sector, it also may create some opportunities for the insurance industry. 22 December 2016
Insurance
AzInsurance OJSC has had its Insurer Financial Strength (IFS) rating downgraded to 'B' from 'B+' by Fitch Ratings. The outlook is now stable. 22 December 2016
Insurance
Verisk Insurance Solutions has completed an agreement with Duck Creek Technologies that will enable Duck Creek customers to access the Verisk Data Exchange – a programme that scores drivers and can be used to determine an appropriate premium. 22 December 2016
Insurance
Grupo Mexicano de Seguros (GMX), the Mexican property/casualty insurer, has been upgraded by AM Best, partly because of improved underwriting practices and its reinsurance programme. 22 December 2016
Insurance
AM Best has upgraded the financial strength rating of Arab Insurance Group (Arig) to A- (Excellent) from B++ (Good). The outlook of the rating has been revised to stable from positive. 22 December 2016
Insurance
The British Insurance Brokers’ Association (BIBA) has introduced a free online facility for its members that will help with due diligence if they choose to use unrated non-life insurers. 22 December 2016
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