News

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Insurers need to reverse decline: PwC

General insurers need to reverse the decline in regulatory investment and capital expenditure on technology if they are to match life insurers’ investment plans.   6 October 2014

Insurance

P&C premium growth drives sharp rise in revenue for reinsurers; firms see 'benign major loss'

Reinsurers posted strong earnings in the first half of 2019, driven by a surge in premiums in Property & Casualty (P&C), according to Aon’s Reinsurance Aggregate ( ARA) report.   12 September 2019

Insurance

Mactavish warns ‘GDPR fines unlikely to be insurable’ as British Airways faces £183.39m penalty for data breach

Cyber security hit the headlines again this week as a UK watchdog said it intends to fine British Airways (BA) £183.39m for breaches of data protection law.   9 July 2019

Insurance

Partnerships in difficult times

Trust Re is focusing on its long-term partnerships and stresses that it has the full support of shareholders as it looks to address a recent downgrade by AM Best, Sinisa Lovrincevic of Trust Re, tells Baden-Baden Today.   23 October 2018

Insurance

Insurers oppose EIOPA’s Ultimate Forward Rate decision

Insurance lobby groups have expressed their disapproval of EIOPA’s new Ultimate Forward Rate (UFR) methodology will be applied for the first time in the calculation of the risk-free interest rates of January 2018.   6 April 2017

Alternative Risk Transfer

Pricing gap highlighted by new Willis Re report

Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re.   2 January 2019

Insurance

QBE Australia and New Zealand appoints first chief customer officer

Re/insurer QBE Australia and New Zealand has appointed Bettina Pidcock as its first chief customer officer.   29 June 2017

Insurance

Catlin syndicate 2003 outlook changed to negative

Syndicate Research Limited (SRL) has affirmed the A- (Good) Continuity Opinion of Lloyd's syndicate 2003 but has changed the outlook for the Continuity Opinion from stable to negative in light of the syndicate’s recent 5-year average performance relative to its Continuity Opinion peer group.   21 November 2018

Insurance

Altamont Capital Partners invests in MGA

Private investment firm Altamont Capital Partners (ACP) has made a majority equity investment in Access Holdco Management, an insurance managing general agency (MGA) focused on the non-standard auto market.   20 January 2016

Insurance

Integro acquires London MGA

Broker Integro has strengthened its entertainment practice with the acquisition of London-based managing general agent (MGA) Entertainment Risk Management (ERM).   26 August 2015

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