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Insurance
TransRe enjoyed strong growth in 2016 but this was largely driven by a one-off whole account quota share transaction and Alleghany Corporation, its parent company, stressed that it remains highly selective in the reinsurance treaties that it writes. 23 February 2017
Insurance
Alleghany Corporation, the parent company of TransRe, enjoyed solid growth in 2016 but its profits dipped on the back of mixed investment results and a highly competitive property/casualty market. 23 February 2017
Insurance
Allianz Group has officially launched its Moroccan unit that the company acquired in 2016 from Zurich Insurance. It began operations in January 2017 under the new name Allianz Maroc. 23 February 2017
Insurance
Property/casualty insurer Chubb has made two senior management appointments in Europe, in its global accounts division. Suresh Krishnan and Tina Lakickas will assume their new roles from March. 23 February 2017
News
Swiss Re has proposed several changes to its board of directors, including the appointment of a former CEO of Allianz Re and the former chairman of Novartis. The appointments will be formally made at its annual general meeting of shareholders on 21 April 2017. 23 February 2017
Insurance
PERILS, a company that provides catastrophe insurance data, has offered an initial loss estimate for extra-tropical cyclone Egon which affected France and Germany on 12 and 13 January 2017. 23 February 2017
Insurance
Specialist managing general agent (MGA) Ascent Underwriting has appointed Ben Wilson as healthcare underwriter with immediate effect. 23 February 2017
News
Swiss Re walked away from almost $2 billion of business including substantial portions of contracts in China in the January renewals due to rates being below its targeted risk-adjusted levels, the company has revealed. 23 February 2017
Insurance
On the back of what it calls a very strong capital position and cash generation, Swiss Re is looking to increase its dividend and authorise a new public share buyback programme of up to Sfr1 billion. 23 February 2017
Insurance
RSA's operating profit jumped in 2016 on record underwriting profit and combined ratio as restructuring efforts deliver. 23 February 2017
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