News
Insurance
The US workers’ compensation market remains profitable for insurers, but pricing pressure on rates will inevitably erode performance, according to a report by Fitch Ratings. 30 October 2018
Insurance
Australia’s insurer Suncorp has reported natural hazards of A$395 million ($313.9 million) between July and December 2016, which is A$65 million above the allowance for the period, driven primarily by the Victorian hail storm. 15 February 2018
Insurance
Positive prospects for the global economy in 2018 are going to boost the marine insurance business, according to International Union of Marine Insurance (IUMI) president Dieter Berg. 13 March 2018
Insurance
The insured property market losses from extratropical cyclone Zeus, which primarily affected France on 6 and 7 March 2017, has reached €272 million, according to Zurich-based catastrophe insurance data provider PERILS. 6 March 2018
Insurance
The chief underwriting officer of Everest Insurance, the specialty insurance operation of the Everest Re Group, is in Boston this week seeking deeper and more intimate relationships with its reinsurers. 22 October 2019
News
The Federal Emergency Management Agency (FEMA) has reduced the size of its annual reinsurance placement which provides coverage for the National Flood Insurance Program (NFIP). 31 January 2019
Insurance
Liberty Mutual Holding Company (LMHC) more than doubled profits year on year in the first quarter of 2018 on lower natural catastrophe costs. 3 May 2018
News
Pressure on the reinsurance operations and investment income are increasingly weighing on Munich Re’s results, but the new CEO Joachim Wenning says that there is not much he can do about the main factors behind it as they are beyond the company’s control. 9 August 2017
Insurance
Pioneer Underwriters is introducing a product covering the specific cyber risk exposure of investment managers. 18 January 2018
Insurance
An initial public offering (IPO) of the UK closed life book business ReAssure would be credit positive for Swiss Re because it would reduce the group’s exposure to credit and market risk, according to Moody’s. 7 August 2018
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