News

Insurance

IAG considers options for Asia operations

Insurance Australia Group (IAG) is reviewing its Asian operations after running out of buying opportunities, according to a Reuters Feb. 14 report.   14 February 2018

News

Swiss Re CEO, CFO praise diversification away from P&C reinsurance

While presenting a sharp drop in profit for 2017 due to heavy natural catastrophe losses, Swiss Re CEO Christian Mumenthaler and chief financial officer David Cole praised the reinsurer’s diversification strategy away from P&C reinsurance which Swiss Re wants to further develop.   26 February 2018

Insurance

Reinsurance remains a vital tool in time of unprecedented change: Guy Carpenter

Creating new coverages will be crucial to the reinsurance sector’s long-term relevance.   16 September 2020

Insurance

AIG expands pension risk business

American International Group (AIG) has expanded its presence in the pension risk transfer market after reaching agreements on the two largest plan termination transactions of 2017.   29 May 2018

Insurance

THB swoops for senior aviation broker from Ed in growth strategy

Specialist re/insurance broker THB has hired a senior broker from Ed Broking. Matthew Gould will join THB's aviation team, reporting to division director Tom Thompson.   5 September 2018

Insurance

COVID challenges will separate weak from strong reinsurers: CCR

French reinsurer’s performance reflects defensive investment strategy and close monitoring of hedging and profit-taking actions.   15 September 2020

Insurance

AIG may free up to $5bn through DSA Re

American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research.   18 July 2018

Insurance

Markel International hires trade credit expert in Dubai

Markel International, the specialist insurer, has appointed Savita Mascarenhas as underwriter for its expanding trade credit operations in Dubai.   4 September 2015

Insurance

IFRS 17 still beset by some uncertainties, says AM Best

Ratings agency AM Best has highlighted concerns about further amendments being proposed to the International Accounting Standard, IFRS 17, which seeks to reflect market values in the published financial statements of insurers.   16 September 2019

Insurance

Pardus launches reinsurance facility for North American property

Pardus, the London-based independent managing general agent (MGA), has launched a facultative reinsurance facility for North American property interests. The division will be led by market veteran Andy Billinge and backed by Lloyd’s security.   13 October 2015

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