News
Insurance
In an increasingly digitised age, the art of the presentation is becoming lost, which can be a problem in a people-oriented industry such as insurance. To rekindle this lost skill, some insurers are turning to a stand-up comedian to help them wow an audience. 5 February 2018
Alternative Risk Transfer
The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best. 5 February 2018
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
Sompo International Holdings (SIH) has completed the transfer of the Sompo America companies’ business operations and staff into its own Bermuda-based platform. 2 February 2018
Insurance
Western European re/insurers face limited growth prospects and a continued backdrop of low investment returns, yet in the last 12 months, AM Best-rated entities have demonstrated stable credit ratings and upgrades have outnumbered downgrades. 2 February 2018
Insurance
One of the most critical issues in Brexit discussions is contract continuity, Andrew Agnew, chair of London & International Insurance Brokers’ Association (LIIBA) said in a Feb. 1 speech. 1 February 2018
Insurance
Insurance companies operating in the Middle East and North Africa (MENA) region have encountered supressed growth rates due to economic and political uncertainties, according to AM Best. 1 February 2018
Insurance
Bermuda-based RenaissanceRe Holdings reported a net loss attributable to shareholders of $3.5 million for the fourth quarter of 2017 but claims “strong execution at the January 1 renewals”. 1 February 2018
Insurance
US property/casualty (P&C) insurer Chubb has included a provisional tax benefit of $450 million in its fourth quarter 2017 results related to the 2017 US tax reform. 31 January 2018
Insurance
Swiss Re has further strengthened its presence in Asia with the launch of its regional headquarters Swiss Re Asia in Singapore, and appointed a new regional board of directors for the entity. 31 January 2018
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