News
Insurance
Chris Elliott, the group chief executive officer (CEO) of Lloyd's broker Tysers and staff-owned broker Hawkes Bay Holdings, has stepped down from the position with immediate effect. 14 March 2017
Awards
Most (84 percent) of participants in an Intelligent Insurer survey want the way the personal injury Ogden discount rate is being calculated in the UK to change. 13 March 2017
Insurance
Risk modelling company RMS has expanded its services in the Asia-Pacific region with the launch of agriculture risk models in India and China. 13 March 2017
Insurance
Hong Kong-based Peak Re has created a unit in Zurich to benefit from Solvency II equivalence and sees growth potential in proportional reinsurance business in Europe. 13 March 2017
Insurance
Dubai-based re/insurer International General Insurance Holdings (IGI) has recorded lower gross written premiums and net profits for 2016, but management claims to “view future prospects with optimism.” 13 March 2017
Insurance
Hong Kong-based Peak Re is able to grow profitably in the current soft market because its lean cost structure allows it to be more competitive on pricing, head of underwriting Lawrence Cheng, told Intelligent Insurer. 10 March 2017
Insurance
Fitch Ratings has revised its sector outlook for the UK non-life company insurance market to negative from stable after a harsh drop in the personal injury Ogden discount rate. 9 March 2017
Insurance
Profits at UK insurer Aviva where hit hard by a £380 million after-tax charge due to the reduction in the Ogden discount rate, the mechanism insurers use to calculate future losses in personal injury and accident cases. But the company stressed that its overall performance was very positive. 9 March 2017
Insurance
Hong Kong is losing re/insurance business particularly to Singapore and hopes for growth in ILS (insurance-linked securities). 8 March 2017
Insurance
Barbican Protect, the UK insurance arm of Barbican Insurance Group, has appointed Martin Eyres as underwriting director. 8 March 2017
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