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Insurance
The Chartered Insurance Institute (CII) has partnered with the insurance authority of United Arab Emirates to establish an education programme in Abu Dhabi to boost professionalism in the UAE insurance sector. 13 March 2017
Insurance
Verisk, the data analytics provider, has launched a new personal lines flood insurance programme, which is designed to make flood coverage more widely available to homeowners anywhere in the contiguous US. 12 January 2018
Insurance
Beazley enjoyed strong growth overall in the first nine months of 2017 but its reinsurance division shrank as the company reduced it because of continued rate decreases – a trend it expects to reverse on cat business, at least, because of the recent heavy losses in North America. 9 November 2017
News
Nikolaus von Bomhard, the chief executive of Munich Re, has revealed plans to step down from both his position as CEO and from the supervisory board of Munich Reinsurance Company. 15 March 2016
Insurance
Bermuda-based Validus Holdings has completed the acquisition of Archer Daniels Midland (ADM) Company’s Crop Risk Services (CRS) business. 2 May 2017
Alternative Risk Transfer
S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report. 15 April 2019
Insurance
The global reinsurance market remains challenged by various market forces that will continue to shape the landscape over the near term. The recently announced acquisition of Validus Re by AIG is just the latest chapter in the evolution of the traditional reinsurance model, where specialty focused businesses seek shelter as part of a significantly larger globally diversified enterprise. 2 February 2018
Insurance
Natural disasters across the world caused significantly lower losses than usual in the first half of 2018 at around $33 billion, according to Munich Re. 11 July 2018
Insurance
A number of representative bodies and Lloyd’s have welcomed the announcement by the Bank of England that it will allow EU banks and insurers to operate normally in the UK post-Brexit and is undertaking a review of its authorising and supervision policies for international firms. 21 December 2017
Insurance
Berkshire Hathaway has registered an underwriting loss for its insurance operations as the retroactive reinsurance agreement with AIG weighs on results. 7 August 2017
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