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Insurance
European insurers had almost €9,8 trillion invested in bonds, company shares and other assets in 2015, an increase of 1.7 percent from 2014, according to figures published by Insurance Europe, the European insurance and reinsurance federation. 30 August 2016
Insurance
Everest Re Group has finalised the sale of Heartland Crop Insurance, its US crop managing general agent (MGA), to CGB Diversified Services, for $49 million. 26 August 2016
Insurance
EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage and employee benefits consultant, has appointed Vincent Caracciolo as national managing director of claims and coverage advocacy. 26 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
Risk modelling agencies have said it is too early for loss estimates following the earthquake in central Italy this week but two have suggested that many residential properties may not be insured against earthquake risk. 25 August 2016
Insurance
The first half of 2016 saw underwriting profits for the global reinsurance sector fall, while the recent profitability for several companies fell to levels that could diminish their financial strength, according to a mid-year report from Fitch Ratings. 25 August 2016
Alternative Risk Transfer
Natural disasters in the second half of this year could have a serious impact on the returns generated by the insurance-linked securities (ILS) and reinsurance-linked investment markets in 2016, according to a panel of industry figures. Intelligent Insurer reports 25 August 2016
Insurance
A report by Zurich Insurance calls for improving the language around the ‘100 year flood’ event to one that illustrates the level of risk and the consequences for individuals and communities. 25 August 2016
Insurance
The private health insurance market in China is expected to surge fivefold to Rmb1.1 trillion by 2020 ($167 billion) from Rmb 241 billion in 2015, according to a report by The Boston Consulting Group (BCG) and Munich Re. 24 August 2016
Insurance
The Reinsurance Association of America (RAA) has reported an increase in the gross written premiums of the biggest reinsurers in the US on an aggregate basis in the second quarter of 2016 but their profits dropped in the period compared with the same period a year earlier. 24 August 2016
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