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Insurance
The rushed timetable leading up to the January 2016 implementation of Solvency II is not realistic and will cause implementation challenges and costs for insurers, the deputy director general of Insurance Europe has claimed. 9 March 2015
Insurance
Sompo Japan Nipponkoa Insurance looks set to buy a substantial stake in French reinsurer SCOR in a deal worth more than $900 million. 6 March 2015
Insurance
A pioneering vehicle widely regarded as one of the first sidecars to be formed to write property-catastrophe reinsurance on a quota share basis is being wound up – a move that will represent a stark reminder to investors of the pitfalls of insurance-linked investments. 6 March 2015
Insurance
It looks increasingly likely that the much-anticipated deal between Ace and fund manager BlackRock will copy the sidecar-type arrangement used by so many reinsurers and ultimately generate fee income for Ace by underwriting third party risks – as opposed to the vehicle insuring Ace’s business only. 5 March 2015
Insurance
Despite its CEO highlighting just how tough the market remains, SCOR posted an impressive set of results for 2014 with its profits increasing by 40 percent and its gross written premiums by more than 10 percent – largely boosted by the first full year contribution of Generali US. 5 March 2015
Insurance
The old adage of ‘in a soft market you want a consultant, in a hard market you want a broker’ is simply not true anymore, Eric Andersen, CEO of Aon Benfield, told delegates at the Economist’s Insurance 2015 event yesterday (March 3). 4 March 2015
Insurance
The British Insurance Brokers’ Association’s (BIBA) Smaller Brokers' Advisory Board has appointed Andrew Gibbons, managing director at Mason Owen Financial Services as chairman. 4 March 2015
Insurance
Texas-based Insurors Indemnity Companies, which specialises in surety and commercial property/casualty insurance for midsize and smaller businesses, has appointed a new chief executive. 4 March 2015
Insurance
Reinsurers are thinking more innovatively and seeking diversification in a bid to improve their bottom line, says Mohammad Khan, head of general insurance at PwC. 4 March 2015
Insurance
Enstar, the run-off and insurance consultancy, posted a solid set of results for 2014, with an increase in its net earnings despite losses at its subsidiary Torus Insurance. 3 March 2015
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