News
Insurance
Bermuda-based reinsurer Maiden Holdings has reported a significant increase in net losses for the third quarter of 2018 as adverse prior year loss development worsened in the AmTrust reinsurance segment. 12 November 2018
Insurance
The Global Federation of Insurance Associations (GFIA) has elected Recaredo Arias as its new president and a member of its executive committee. 12 November 2018
Insurance
There is no point bemoaning the lack of a truly hard market, for the reality could be that the industry’s cycle has flattened out for the long term, says Gerry Tighe at Matrix Insurance & Reinsurance Brokers. 12 November 2018
Insurance
Ticker, a new telematics insurer set to launch in early 2019, has secured the backing of reinsurer Munich Re and partnered with broker Willis Towers Watson for its Radar pricing technology. 8 November 2018
Insurance
Structured reinsurance solutions drove impressive growth at Hannover Re across the first nine months of the year as it also confirmed that it anticipates a profit of more than €1 billion this year, even making allowance for a one-time charge from its life and health reinsurance business. But its CEO also warned on what he called sustained intense competition. 8 November 2018
Insurance
Barbican Syndicate 1955 has received the Lloyd’s approval for its 2019 business plan which includes a withdrawal from property insurance, marine cargo and hull insurance, and professional indemnity (PI) insurance. 8 November 2018
Insurance
As it readies to be taken over by The Hartford Financial Services in a deal that values it at $2.1 billion, Navigators Group posted a solid set of results and returned to profit in the third quarter of 2018. 8 November 2018
Insurance
Zurich Insurance Group posted a stable set of results for the first nine months of the year with its life business and Farmers Exchanges performing well though its CFO warned on the challenging environment it is seeing on the property/casualty side of things. 8 November 2018
Insurance
Beazley enjoyed solid growth in the first nine months of the year, partly driven by big increases in its property unit and average rate increases on renewal business of 3 percent; it also revealed it will cease underwriting construction and engineering business because of unsustainable rates in these sectors. 8 November 2018
Insurance
Profits at Italian insurer Generali soared in the first nine months of 2018 boosted by a number of factors including disposals; it also enjoyed strong growth in both its property/casualty and life units. 8 November 2018
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