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Insurance
Italian insurance group Generali has posted its best results for six years following a fundamental restructuring of its operations. Last year represented the first year in a three-year turnaround plan it has initiated designed to rebuild its profitability and capital solidity. 13 March 2014
Awards
With some 14,000 unique responses already gathered, the first stage of the annual Global Reinsurance Survey being conducted by the Intelligent Insurer in-house research team will shortly close. 13 March 2014
News
Generali Real Estate, a real estate company formed in 2012 by Italian insurer Generali, has appointed Christian Delaire as CEO. 12 March 2014
News
The European Parliament has approved the Omnibus II Directive, finalising the new risk-based regulatory framework for Solvency II. 12 March 2014
News
Hannover Re has posted a record profit in its 2013 results driven largely by its non-life reinsurance arm – but Ulrich Wallin, its CEO, has warned of challenges and a potential softening of the market. 11 March 2014
Awards
Some reinsurance buyers admit that they are leveraging the intense competition in the market at the moment to seek better rates – especially when placing plain catastrophe business. But most add that they are keen to maintain good relationships with the bigger reinsurers because of the other lines of business they have close relationships on. 11 March 2014
Insurance
Markel UK has launched a new art and collectables product to provide a broad range of cover for private individuals, companies and commercial, municipal and not for profit organisations with collections and investments in art and artefacts. 10 March 2014
Insurance
Zurich Group’s Ken Norgrove has been appointed as CEO of RSA Insurance’s Irish unit following the resignation of Phillip Smith last year. Smith stepped down after the unit was investigated for accounting irregularities. 10 March 2014
Awards
Some re/insurance brokers are increasingly channelling premium to a smaller number of larger carriers. While this is sometimes at the behest of cedants, it is also occurring because of exclusive agreements they have with selected players. 7 March 2014
Alternative Risk Transfer
A rapidly growing number of smaller cedants, thus far ignored on the basis of their size by the true insurance-linked securities (ILS) markets, are working with other providers of alternative forms of reinsurance to supplement their existing programmes with a growing amount of collateralised coverage. 7 March 2014
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