News
Insurance
Overcapacity in the industry is a red herring—the real issue is one of underinsurance, writes John Holm, executive, MGA Investments at Asta Underwriting Management. 24 October 2016
Reinsurance
Top executives from reinsurance broker Miller, CEO Greg Collins and executive chairman Ken MacDonald, outlined the reasons behind its recent acquisition by Cinven and GIC, and how this will support its plans for expansion. 1 December 2020
Technology
Blockchain has the potential to do more than cut costs and create efficiencies for re/insurers – it can also be used to drive growth and assimilate varied insurtech platforms. And those companies that fail to realise its potential will be left behind. 9 June 2020
Insurance
APC Underwriting, the commercial insurance managing general agent, has acquired run-off insurer Folgate Insurance Company from the Towergate Group. 3 September 2014
Insurance
Specialist Lloyd's insurer Neon has appointed Brian James as class underwriter for cargo, and Richard Mander as class underwriter for marine liability. 27 September 2017
Insurance
Large primary carriers are re-entering the reinsurance market after having largely abandoned the sector in the 1990s and early 2000s, according to Willis Re CEO James Kent. 3 April 2018
Insurance
Andy Briggs, chief executive officer (CEO) of Aviva UK Life and chairman of Aviva Global Life, has been nominated by the Association of British Insurers (ABI) Board to become its next chairman. 8 June 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
Chubb’s net profits soared in the third quarter reaching $1.2 billion in the period compared with a net loss of $70 million in the same period a year earlier, when it was hit by multiple natural catastrophes. Its combined ratio for the period was 90.9 percent compared with 110.8 percent in the same period a year earlier. 24 October 2018
Insurance
The administrator of New Zealand-based CBLC, the ultimate parent of CBL group of Companies (CBL group), has recommended the liquidation of the re/insurance company. 15 May 2018
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