All News articles – Page 149
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NewsAspen Insurance Holdings appoints new group chief financial officer
The new hire succeeds Scott Kirk, who is leaving the firm at the end of April
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Online onlyVienna Insurance 2019 pre-tax profit up 7%, proposes 15% dividend hike
Vienna Insurance (VIG) VIGR.VI on Tuesday reported a 7.4% increase in 2019 pre-tax profit, helped by solid growth in Poland, the Baltics, Bulgaria and its home market Austria. The group, which operates in more than 10 eastern European countries, said it plans to increase the dividend payments for 2019 by ...
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Online onlyCOVID-19 Forces Cancellation of Annual RIMS Conference
The Risk and Insurance Management Society (RIMS) has canceled its 2020 Annual Conference & Exhibition due to COVID-19. The event was scheduled for May 3–6 in Denver. In a statement, RIMS noted that it’s the first time in the organization’s 70-year history that it has been forced to cancel its ...
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Online onlyLloyd’s launches new report on the renewable energy sector
As energy systems change globally to incorporate renewable technologies, opportunities are arising for insurers to innovate products and to support this industry.
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Online onlyTalanx generates record results of EUR 923 million in 2019
The parent company of Hannover Re, Talanx group, has reported a 31 percent climb in net income with all four divisions reporting increased earnings with Industrial Lines improving by a substantial amount.
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Online onlyMulti-Strat Holdings announces a majority acquisition of the company by Canopius
MultiStrat’s innovative products can now be scaled more rapidly with the support of Canopius’ expertise and resources.
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Online onlyEverest Re Group names Don Mango Chief Risk Officer and Chief Actuary
Mango will report to Everest Re Group President and CEO Juan C. Andrade
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Online onlyInsurers expected to be resilient through pandemic, global recession
Negative impacts from the coronavirus outbreak are expected to hit the U.S. in the second and third quarters, but the economy should recover going into 2021. Insurers are expected to be resilient in the face of a downturn especially because, in part, there were not as many ...
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Online onlyIGI Receives Provisional NAIC Approval to Write U.S. E&S Business
Effective April 1, 2020
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Online onlyIRDAI proposes ‘ease of doing business’ for global reinsurers
A committee of the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to put in place a system in place which would help foreign reinsurance company branches, reinsurers and Lloyd’s India in carrying out their operations seamlessly.
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Online onlyLiberty Mutual Re appoints Dan Carroll as Senior Underwriter ( Aviation Treaty Reinsurance)
Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has appointed Dan Carroll to the role of Senior Underwriter (Aviation Treaty Reinsurance). Dan is based in London and reports to Hans Towler, Head of Aviation. He is responsible for underwriting, along with assisting with portfolio management/optimisation, new business ...
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Online onlyAM Best Downgrades Credit Ratings of Qatar General Insurance & Reinsurance Company QPSC
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Qatar General Insurance & Reinsurance Company QPSC (QGIRC) (Qatar). The outlook of the FSR has been revised to stable from negative, whilst ...
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Online onlyPerils discloses final loss estimate for Extratropical Cyclone Dragi-Eberhard of Eur 782m
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed its fourth and final loss estimate for Extratropical Cyclone “Dragi-Eberhard”. The event affected the British Isles, and Western and Central Europe on 9 and 10 March 2019 and was the largest windstorm of the 2018/2019 European extratropical cyclone ...
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Online onlyLMA publishes policy wordings to protect renewals if Covid-19 makes Lloyd’s inaccessible
The association feels it is ‘prudent to ensure Lloyd’s customers are not left without coverage’
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Online onlyLloyd’s to shut underwriting room to test coronavirus contingency plan
The underwriting room and other public areas will also get a deep clean
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NewsSwiss Re announces a strategic alliance with Microsoft
Swiss Re to create a Digital Market Center using Microsoft’s data analytics and artificial intelligence capabilities to transform how risks are predicted, managed and insured
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Online onlyAnalysis: High profile data breaches pushes cyber up the agenda
Boots takes action after card security breach
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Online onlyAon snaps up Willis in mega $80bn deal
Aon chief executive Greg Case believes combined firms will boost solutions for customers
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Online onlyGuy Carpenter partners with Charles Taylor InsureTech on future proofing proposition
It will mean greater operational efficiencies and cost savings for Guy Carpenter
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News AgendaFitch Ratings: Indonesia's Takaful Sector Backed by Economic Developments
Premium growth in Indonesia’s sharia insurance business will be sustained by the country’s economic development, with government support as a key driver, Fitch Ratings says.Amendment of a 2018 foreign-shareholding rule in January 2020 will make it easier for insurers to carry out a mandated spin-off of their sharia units by ...
