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Insurance
The higher levels of catastrophe losses in 2016 could represent something of a wake-up call for the re/insurance industry after a number of years of benign loss activity – especially against a backdrop of a continued soft market in most lines of business, according to a number of senior executives interviewed by Intelligent Insurer. 30 December 2016
Insurance
The UK’s vote to leave the European Union will be the biggest event that 2016 will be remembered for with many market commentators citing the uncertainly it triggers as a big problem for the industry with a long and protracted negotiation process detailing the terms of exit proceeds. 29 December 2016
Insurance
As the re/insurance sector faces another year of soft pricing environment in 2017, market participants fear that large losses could significantly hit profits, which have been protected by the benign cat environment in recent years. 27 December 2016
Insurance
Reinsurers and insurers are set to seek growth through acquisitions in 2017 in order to diversify and gain required scale to excel in a challenging environment. However, they are likely to face difficulties in finding appropriate targets. 26 December 2016
Insurance
Terrorist groups such as Islamic State have shed light on gaps in the offering of terrorism insurance which offers an opportunity to grow for some carriers. 26 December 2016
Insurance
NN Group and Delta Lloyd have reached a conditional agreement under which NN Group will buy Delta Lloyd for €5.4 per share which equates to €2.5 billion. The companies said the deal has been driven by competitive market conditions and the capital requirements of Solvency II. 23 December 2016
Insurance
While the UK vote to leave the EU has shocked London with its large internationally-oriented financial services sector, it also may create some opportunities for the insurance industry. 22 December 2016
Insurance
Italian insurer Assicurazioni Generali has completed an innovative deal through the issuance of insurance-linked securities (ILS) that provides it with €225 million of protection from bond investors against the deterioration of the loss ratio of its motor third party liability portfolio. 22 December 2016
Insurance
Cunningham Lindsey, a provider of claims management services, has appointed a new chief executive in Malaysia. 22 December 2016
Insurance
Pro Global Insurance Solutions has agreed to sell Pro Services, its outsourcing and consulting business which represents the majority of its trading activities, to focus on supporting the growth of Asta, third party managing agency at Lloyd's. 22 December 2016
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