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Boosted by its recent acquisition of Generali, French reinsurer SCOR posted substantial growth in the first quarter of 2014 with its gross written premiums (GWP) hitting €2.6 billion, up 14.8 percent at constant exchange rates. 6 May 2014
Insurance
Despite a plethora of challenges including low oil prices, cost control pressures, workforce layoffs, onerous legislation/regulation and the escalating risk of cyber-attacks, margins for energy insurers remain wafer thin, a situation that could become the ‘new normal’ for the market. 12 April 2017
Insurance
New York-based property/casualty insurer AmTrust Financial Services has made several executive appointments and promotions, including hiring a new chief accounting officer. 11 April 2017
Insurance
Global insurance premiums increased by 3.1 percent in real terms in 2016, down from 4.3 percent growth in 2015, according to the latest Swiss Re Institute's sigma report. 5 July 2017
News
Crosswinds Re, a specialty reinsurance business vehicle established by Crosswinds Holdings in the Cayman Islands, has entered into an underwriting agreement with TransRe as it struggles to find profitable business. 5 July 2017
Insurance
American International Group (AIG) has taken an $836m pre-tax reserve charge in commercial lines in the third quarter of 2017 that also resulted in the company increasing full-year loss estimates, surprising analysts who thought the casualty issues at the company had been addressed. 3 November 2017
Insurance
Intelligent Insurer asked a wide range of companies to identify some of the challenges they see the insurance industry facing in the near to medium term. Some of the answers were humdrum, others surprising. But they all share one thing—they will have to be faced by the market and then dealt with. In the first of a two-part feature here are five of 10 challenges the industry must overcome. For the next five challenges, see the November issue of this magazine. 14 October 2015
Insurance
Re/insurer Brit has renewed and expanded the collateralised reinsurance capacity provided by the Bermuda domiciled special purpose insurer Versutus, in support of Brit’s property treaty portfolio for 2016. 13 January 2016
Insurance
Reinsurers that attempt to increase rates on programmes in Asia on the back of the recent catastrophe losses in North America risk losing market share to new or emerging reinsurance capital that has so far struggled to gain market share in the region, Stuart Beatty, chief executive, Asia-Pacific, JLT Re, told SIRC Today. 31 October 2017
Insurance
Primary insurance writers in Asia are exploring growth opportunities in new, longer tail business segments—but a shortage of experienced actuaries in the region may open up opportunities for reinsurers that have the relevant technical experience and can partner with insurers on writing such business. 31 October 2017
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