News
Insurance
Insurance losses stemming from severe weather in the US in June could cost insurers more than $500 million. 10 July 2015
Insurance
Insurers have welcomed the investments included in Chancellor Philip Hammond’s Spring Budget announced today,March 8, 2017, but the Insurance Premium Tax remains an issue for the industry. 8 March 2017
Insurance
Is it time for the industry to work together to tackle the challenges and reap the rewards of a collective approach to climate change? Intelligent Insurer’s Re/insurance Lounge hosted a discussion with industry experts to envision a way forward. 19 January 2021
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
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
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