News
Insurance
A low interest rate environment in China continues to place pressure on the profitability of the country’s life insurers, which rely on interest spreads for profits, according to a Fitch Ratings report. 9 December 2016
Insurance
A subsidiary of Enstar Group has entered into a conditional agreement with a subsidiary of QBE Insurance Group to reinsure US multi-line property/casualty business. 7 December 2016
Insurance
The formation of a new state-backed reinsurer in Russia will hit the long-term growth potential of global reinsurers in the country, which will be forced to cede a percent of premium to the new entity even on existing long-term treaties. 7 December 2016
Insurance
A new state-backed reinsurer in Russia will hit the long-term growth potential of global reinsurers in the country, which will be forced to cede a percent of premium to the new entity even on existing long-term treaties. 7 December 2016
Insurance
The British Insurance Brokers’ Association (BIBA) has launched of a new commercial insurance scheme for businesses that will also include flood cover for many commercial premises and let properties located in areas at risk from flooding. 5 December 2016
Insurance
Swiss Re is looking for acquisitions to enhance capabilities of its corporate solutions unit as well as to secure growth opportunities in developing markets. 2 December 2016
Insurance
The British Insurance Brokers' Association (BIBA) has extended the tenure of its chairman Lord David Hunt of Wirral for another three-year term. 2 December 2016
Insurance
Swiss Re plans to strengthen its research and development (R&D) capabilities to more efficiently identify and allocate capital into more attractive, growing risk pools, the company revealed at a Dec. 2 investors’ day briefing. 2 December 2016
Insurance
Rating agency AM Best has added nine insurers to its 2015 list of impaired insurers in its latest update on the long-term impairment rates of AM Best rated US-domiciled insurance companies. 1 December 2016
Insurance
Further declines in profitability and earnings driven by competitive market conditions has prompted rating agency Fitch to revise its sector outlook for the US property/casualty insurance sector to negative from stable. 1 December 2016
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