News
Insurance
Greenlight Capital Re recorded a $30 million net profit in the third quarter of 2016 compared with a net loss of $219.7 million for the same period of 2015. Nevertheless, ratings agency AM Best downgraded the financial strength rating of Greenlight Reinsurance citing underwriting weaknesses. 4 November 2016
Insurance
Multinational insurance firm American International Group (AIG) has reported a net loss of $183 million for the first quarter of 2016, compared to net income of $2.5 billion over the same period of 2015. 3 May 2016
Insurance
As a convergence with the capital markets continues apace, Geraint Anderson, one-time bad boy of the investment banking world turned author, offers a stark warning of the culture of greed and excess that the reinsurance industry must avoid. 7 September 2016
Insurance
Swiss-based re/insurer Allied World posted a drop in profits and gross written premiums for the first quarter of 2015, driven by a decline in its reinsurance segment. 23 April 2015
Insurance
The increasing use of technology to gather data and improve risk assessment is set to move business from retail insurers to commercial insurance providers—a transition that will also benefit reinsurers. 24 October 2016
Insurance
Multiline property and casualty (P&C) insurer ACE has appointed Juan Andrade as executive vice president (EVP) of the new Chubb Group and president of the international non-life insurance division, which covers operations with both retail broker and wholesale market distribution. 28 September 2015
News
Every year, S&P Global Ratings in partnership with Intelligent Insurer publishes its annual Global Reinsurance Highlights, which offers analysis of the main talking points and trends in the industry and ranks the top 40 reinsurance groups globally by net reinsurance premiums written. Here, we highlight some of the main themes from this year’s report. 26 September 2018
Insurance
The Chinese motor insurance industry faces imminent risks of further deregulation in commercial (i.e. non-mandatory) motor insurance premiums, in addition to competitive pressure. 30 June 2014
Insurance
Ace has hired Marcel Van Peenen as regional professional indemnity manager for Asia. 20 January 2015
Insurance
Qatar Insurance Company (QIC), which earlier last year secured access to Lloyd’s through the acquisition of Antares, posted a solid set of results in the first quarter of 2015 despite a fall in profits. 24 April 2015
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