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Although Munich Re issued a profit warning in September as a result of the Fall nat cat events in Mexico and the US, it is still not ready to release figures for the losses. Hermann Pohlchristoph, a member of Munich Re’s Board of Management, said in a press briefing at Baden-Baden that the company was reluctant to be the first to release such figures. 24 October 2017
Insurance
The recent wave in terrorist attacks in Europe, which included events in Nice, Brussels and Paris, may prompt the insurance industry to innovate and create new products, and governments to redefine the term terrorism. 12 September 2016
Insurance
It takes a sophisticated outlook on business to resist getting a better deal than the year before, but that is exactly what some buyers are starting to do as they empathise with their reinsurers, and also have one eye on self-preservation, as Intelligent Insurer finds. 18 October 2016
Insurance
Ken Lever, the chief executive officer of business technology and services provider Xchanging, has unveiled plans to retire at the end of 2015. 30 July 2015
Insurance
The disruptive impact of insurtech, consolidation and further severe cat losses dominate the worries of our readers as they reflect on 2018—but they also appear resigned to grappling with such difficulties as the market heads into 2019. Those were some of the findings of the Intelligent Insurer year-end online survey. 20 December 2018
Insurance
AXA’s business mix will fundamentally change once its acquisition of XL Group is completed. Property/casualty (P&C) business will represent half its book of business as it diversifies away from being mainly a life & savings insurer. 5 March 2018
News
The reinsurance industry is reaching a point where economics will prevent further significant price reductions. 18 February 2015
Insurance
Run-off insurer DARAG has expanded its international business by appointing a new chief executive officer (CEO) for the group’s Maltese risk carrier as well as two country managers. 8 September 2015
Insurance
The insurance industry is ahead of other sectors when it comes to data breaches, according to a new report by global information firm Crown Records Management and Censuswide. 7 September 2015
Insurance
The role of global reinsurers must extend beyond their traditional duties when ceding risk for local insurers in African markets. In particular, they must invest in education around insurance in the region. 16 February 2015
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