All Global Reinsurance articles in Online – Page 105
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NewsGenerali profits beat forecasts led by asset management, non-life
“We continue to assess M&A opportunities with a disciplined approach as a way to diversify our sources of cash-flow,” head of finance Cristiano Borean told a news briefing on Tuesday.
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NewsLaurent Rousseau to succeed Denis Kessler as Chief Executive Officer of SCOR
The Board’s appointment of Denis Kessler as non-executive Chairman following the General Meeting of June 30, 2021, will help to ensure the continuity of the Group’s strategy and to perpetuate its values.
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NewsConduit hits target in first quarter
The company, part of the Class of 2020 start-ups on the island, reported estimated ultimate premiums written of $199.1 million in the quarter versus approximately $160 million announced in its January trading statement.
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NewsNectaris Re launches in Bermuda
Nectaris Re Ltd is the newest member of Bermuda’s re/insurance Class of 2020/21.
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NewsAon to sell retirement and investment business in Germany to resolve EU Commission Qs
Aon today announced the firm has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP).
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NewsRansomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
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NewsWhat will it take for the ILS market to assume more political violence risk?
Almost a year ago, what would eventually become known as the ‘George Floyd’ riots began – an event that would eventually cost the global insurance industry more than US$2 billion.
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NewsGovernment needs ‘to do something positive’ to clarify impact of EU Vnuk ruling on UK law
The government needs “to do something positive to make very clear the boundaries of UK law” around the European Vnuk ruling post-Brexit, said Paul Ryman-Tubb, partner at law firm Weightmans.
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NewsJohn Glen MP: Strong yet flexible regulation causes a ‘conundrum at the heart’ of the industry
Biba 2021: As the industry slowly emerges from the FCA’s regulation storm and the UK government considers the evolving international landscape of regulation, officials will need to conduct “creative work” to make arrangements that will benefit both Britain and the European Union (EU), said John Glen MP, insurance minister and ...
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News‘More work to do’ on business interruption cover as lockdown lifts
With businesses opening up again post-lockdown, there is more to be done around business interruption (BI) insurance, said an expert panel at Biba’s resilience-themed conference last week.
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NewsFM Global releases earthquake map
The Netherlands, France, Switzerland, Italy have all seen above-average movement to higher risk zones
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NewsColonial Pipeline attack exposes ransomware “pandemic”
CISA urges organisations to take action to strengthen cyber security following US critical infrastructure attack
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NewsHail drives US cat losses in April
Western and central regions of Europe experienced a significant cold spell within the first week of April, with temperatures well below freezing
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NewsBeazley’s GWP doubles to 16%
Lloyd’s market specialist insurance and reinsurance underwriter Beazley has reported its gross written premium (GWP) doubling by 16% to $971m in its first quarter trading results for 2021.
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NewsBy Miles and Covéa Insurance enter new UBI partnership
Covéa Insurance and insurtech By Miles have entered a new partnership catering to the increasing demand from customers for usage-based insurance (UBI).
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NewsZurich’s premium up by 14% in property and casualty
Zurich has reported a strong top line with its gross written premium (GWP) in the property and casualty (P&C) segment increasing by 14% to $11m (£7.78m), this was $9.67m in 2020.
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NewsAllianz Holdings records 10.6% drop in GWP for Q1 2021
Allianz Holdings, which comprises of Allianz Insurance and LV= General Insurance, has recorded a 10.6% drop in gross written premium (GWP) for the first quarter of 2021 – this has fallen from £1026m in 2020 to £917m this year.
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NewsAon and Willis Towers Watson (WTW) Step Toward the Close of Proposed Combination with Agreement to Sell Set of WTW Assets to Gallagher
Aon and WTW today announced they have signed a definitive agreement to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co. (Gallagher). These businesses will be divested for a total consideration of $3.57 billion. ...
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NewsPhysical climate risk to test limits of diversification - Fitch
Companies with strong internal coordination and contingency planning will be better placed to respond to climate shocks
