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Re/insurers are making more capacity available for parametric weather coverage, which is driving prices down, according to Kurt Cripps, managing director at Aon Benfield, who said that the broker has created a panel of more than 15 carriers. 24 October 2016
Insurance
Rushed changes to the ultimate forward rate (UFR) could risk pushing insurers towards sub-optimal investment strategies, which could unnecessarily impact policyholders’ returns negatively, according to Insurance Europe, the European insurance and reinsurance federation. 18 July 2016
Insurance
Run-off insurer DARAG has expanded its management and executive teams following its acquisition by Keyhaven Capital Partners. 13 May 2014
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Munich Re America, Munich Re’s US property and casualty reinsurance subsidiary, has appointed Richard Olsen, currently head of central reserving at Munich Re, as chief financial officer. 6 October 2014
Insurance
Hiscox posted a 10 percent increase in its gross written premiums (GWP) in local currency to £640.5 million ($924.8 million) for the first quarter of the year, compared with £561.7 million in the first quarter of 2015. 10 May 2016
Insurance
Re/insurer Willis and professional services company Towers Watson have announced shareholders of both companies have approved the proposals necessary to complete the merger of equals transaction. 14 December 2015
Insurance
Insurance group Talanx grew significantly in the financial year of 2015, exceeding its group net income target despite the a goodwill impairment in the German life insurance business in the second quarter. 21 March 2016
Insurance
A strong set of results announced by the private equity backed Nexus Group could set it on course to become the largest independent managing general agency (MGA) in the London Market. The group has expanded quickly since its formation in March 2010 through a series of mergers and acquisitions. 13 March 2013
Insurance
The US subsidiary of Ireland-based Global Indemnity has acquired American Reliable Insurance Company from Assurant for $114 million. 19 October 2014
Insurance
Global re/insurance broker Willis has appointed Alex Clayton as head of construction for Willis GB, the operating segment that includes Willis’s specialty, facultative and retail insurance businesses in the UK. 19 October 2015
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