News
Insurance
Skuld, a marine insurance provider, has expanded its protection and indemnity (P&I) business with the appointment of John Howe as senior vice president of business development, effective late September. 30 August 2016
Insurance
An increase in foreign exchange volatility in the second quarter of 2016, enhanced further by the surprising result of the UK’s EU referendum vote, has distorted the performance of re/insurance companies during the period. Making more use of hedging for foreign exchange risk could ease such distorting effects from companies’ profit and loss accounts, experts claim. 26 August 2016
Insurance
The Navigators Group has restructured the leadership team of its global claims organisation, effective September 1. 25 August 2016
Insurance
Solvency II ratios declined in the first half of 2016 across the UK life insurance sector, driven by a fall in interest rates, particularly following Britain’s decision to leave the EU, according to Fitch Ratings. 23 August 2016
Insurance
ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has appointed Steve O’Gorman as head of marine, as the former head Philip Thorpe-Apps takes on an expanded position as global head of marine and energy. 22 August 2016
Insurance
Navigators & General (N&G), a marine insurance subsidiary of Zurich Group, will provide additional capacity to Towergate for its line of marine products, as part of a strategic partnership between the companies, effective October 1. 19 August 2016
Insurance
French life insurers' profitability could suffer if current very low interest rates continue, according to S&P Global Ratings in its latest report, titled “Persistently ultra-low interest rates could mean ultra-low earnings for French life insurers by 2020”. 18 August 2016
Insurance
In order to protect margins in the current low interest rate and soft market environment, QBE is determined to fend off brokers’ demand for fee increases, strengthen direct distribution and avoid business in the Lloyd’s market as this comes at higher cost. 17 August 2016
Insurance
QBE blamed some of the fallout stemming from the UK vote to leave the European Union for a steep fall in profits in the first half of 2016 but its chief executive said it was too early to speculate what the longer term implications may be. 17 August 2016
Insurance
While rates are showing signs of flattening out, the soft market is far from over and reinsurers are having to make tough choices on retaining market share versus protecting profits. Intelligent Insurer reports. 16 August 2016
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