News
Insurance
The UK Government has startled the re/insurance industry by decreasing the personal injury (Ogden) rate by far more than had been expected, causing companies to revise their profit results mid-reporting season. 1 March 2017
Insurance
Insurance company Lancashire Holdings has reported a fall in profits for 2015, affected by high losses in its energy sector. 18 February 2016
Insurance
Barbican Insurance, which operates mainly through its Lloyd’s Syndicates, has appointed Tim Mackenzie, formerly of Faraday Re, as an underwriter in the firm’s international casualty reinsurance division. 8 April 2014
Insurance
Bermuda-based Armour Group has acquired Fidelity National Title de Mexico, a provider of title insurance and escrow services. 15 December 2014
Insurance
Dubai Islamic Insurance & Reinsurance Company (AMAN) has partnered with UAE-Emirates Islamic Bank to launch a Takaful compliant auto insurance product. 7 April 2014
Insurance
The rapid increase of insurable assets in areas prone to natural catastrophes creates accumulation risks that the ASEAN societies and economies must learn to manage better, Philippe Domart, chief underwriting officer of PartnerRe Asia, told EAIC Today. But this, in turn, he added, offers both challenges and opportunities for re/insurers in the region. 4 November 2014
Insurance
All re/insurers and brokers are grappling with the implications of an unprecedented wave of new technologies labelled ‘insurtech’ which are capable of transforming their businesses. In a webinar sponsored by Xceedance, four senior executives debated how insurers, reinsurers and brokers should respond to this barrage of change and innovation. 11 September 2017
Insurance
Re/insurers should not be perturbed by the widely reported slowdown in China’s economy as the country will still offer significant opportunities for the industry even when growth is dampened, Andy Caldwell, deputy active underwriter, Syndicate 1955, Barbican Insurance Group, told SIRC Today. 3 November 2015
Alternative Risk Transfer
Weston Hicks, the president of Alleghany Corporation, which owns TransRe, has said that cracks are starting to appear in the foundations of the property/casualty industry and stressed that the so-called alternative reinsurance markets remain untested in the aftermath of a big loss warning that the industry may have created a monster. 23 February 2017
Insurance
Specialist insurance broker Brightside has appointed Paul Williams as chief executive officer. 24 February 2014
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