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Updated: 1 hour 9 min ago

Hannover Re boasts stellar H1 results boosted by structured deals and investments

10 August, 2017 - 09:57
Hannover Re posted a remarkably bullish set of results in the first half of 2017 enjoying growth in profits and gross written premiums despite an “intensely competitive” property/casualty market and its performance in life and health reinsurance “not entirely satisfactory”.

Aegon sells its Ireland business to Athene Holding

10 August, 2017 - 09:57
Aegon has agreed to sell its Dublin-based subsidiary Aegon Ireland to AGER Bermuda, the holding company of the European operations of Athene Holding.

Rates still softening but prices hike on loss-hit treaties: Hannover Re

10 August, 2017 - 09:57
Pricing on many lines of business continued to soften in the June 1 and July 1 renewals on the back of intense competition though price increases were recorded on treaties hit by losses, especially in Australia and New Zealand, according to Hannover Re, commenting in relation to its first half results.

Charles Taylor acquires high net worth specialist to expand in UK P&C market

10 August, 2017 - 09:57
Loss adjusting business Charles Taylor Adjusting (CTA) acquired UK-based Criterion Adjusters, which comprises Criterion Surveyors, a high net worth-focused pre-risk survey business, and Criterion Claims Management, a specialist claims firm.

Willis Towers Watson bolsters Asia financial services leadership

10 August, 2017 - 09:57
Broker Willis Towers Watson has appointed Fabien Conderanne to the new position of deputy head of financial solutions, Asia Pacific, to expand its business in across the region.

Lockton expands property/casualty team with new hire in US

10 August, 2017 - 09:56
Insurance broker Lockton has hired Sean Coykendall to grow its property/casualty operations in the Milwaukee office.

CoreLogic expands property underwriting offering with Myriad platform

10 August, 2017 - 09:56
US property data analytics provider CoreLogic has expanded its insurance underwriting capabilities with the addition of new automated underwriting platform Myriad Development.

New Munich Re CEO sees profits lingering for a while

9 August, 2017 - 18:21
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.

RSA appoints chief operating officer for GRS business

9 August, 2017 - 14:48
UK insurer RSA has appointed Anny Khaitan as chief operating officer for its global risk solutions (GRS) business.

Insurance start-up Jetty closes $11.5m financing round led by Valar

9 August, 2017 - 13:55
New York-based renters insurance provider Jetty said on Aug. 8 that it closed an $11.5 million Series A financing round led by Valar Ventures, the fund backed by Peter Thiel.

AmTrust Q2 profit plummets as reinsurance cost bite, combined ratio deteriorates

9 August, 2017 - 13:45
New York-based insurance holding company AmTrust Financial Services saw its profits plummet in the second quarter of 2017 as the cost of a retroactive reinsurance agreement weighs on results and the combined ratio deteriorates.

Actuarial methodologies can place “almost any risk” in a captive

9 August, 2017 - 12:41
There are a number of actions captive owners can take to expand and add more risk to their captives in order to make it a bigger and better tool – and there are every more sophisticated methods of figuring out the costs of any particular risk the owner is worried about.

US cat losses grow 10% in H1

9 August, 2017 - 12:37
At just over $15 billion, 2017 was the largest first half for insured losses since 2011, which had $24 billion in insured losses, according to the PCS H1 2017 Catastrophe Review.

Complex risks such as cyber drive demand for customised captives

9 August, 2017 - 12:32
The increasingly complex needs of companies is driving demand for customised captive insurance solutions, according to Steve Bauman, global head of captive programmes at XL Catlin.

Better analysis of reputational losses means captives can play bigger role

9 August, 2017 - 12:23
A captive can play a big role in reimbursing an organisation for any damage to its reputation, and this form of risk transfer should be viewed as an efficient way of funding the reputational risk of companies long term.

Q2 profits down at Munich Re but full year profit guidance unchanged

9 August, 2017 - 10:30
Profits plummeted at Munich Re in the second quarter of 2017 but the world’s biggest reinsurer said it was still well on track to reach its 2017 profit guidance of between €2 billion €2.4 billion.

Third Point Re reveals new US CEO; reshuffles top leadership

9 August, 2017 - 10:30
Bermuda-based Third Point Reinsurance has announced top leadership changes within the company in an Aug 8 United States Securities and Exchange Commission (SEC) filing.

Mapfre taps Argo Lloyd’s underwriter for UK energy portfolio

9 August, 2017 - 10:30
Mapfre Global Risks, the unit of Spain’s insurance firm Mapfre that specialises in providing insurance solutions for multinationals, has appointed Kieran Wilson as energy underwriter as part of its international growth strategy in London.

Generali hires AIG legal exec for North America business lines

9 August, 2017 - 10:30
Travel insurance provider Generali Global Assistance, part of the global Generali Group, has hired Tarik Ajami as general counsel and chief compliance officer of all Generali business lines in North America.

Adverse loss developments move Maiden to losses in Q2

9 August, 2017 - 10:30
Maiden Holdings made a loss in the second quarter of 2017 on the back of the emergence of adverse loss development in both its key operating segments. As the reinsurer’s combined ratio soared, the company’s CEO moved to stress he believed the company had addressed the issue.

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