Articles

Insurance

S&P warns on Swiss Re ReAssure ratings as parent ponders IPO

S&P Global Ratings has placed the 'A-' ratings of Swiss Re ReAssure (SRRAL) on Credit Watch Negative, following the announcement by its parent Swiss Re Group that it is exploring the possibility of an initial public offering (IPO) of the UK closed-book consolidator ReAssure (not rated).   8 August 2018

Insurance

Zurich reveals new Canada CEO, chief agent

Zurich Insurance has appointed Saad Mered to CEO and chief agent of Zurich Canada.   8 August 2018

Insurance

Travelers replaces CFO as Benet steps down from top position

US property/casualty insurer Travelers Companies' chief financial officer (CFO) Jay Benet, who has held the position since 2002, is stepping down and will be succeeded by Daniel Frey.   8 August 2018

Insurance

Munich Re grows 42% at July renewals

Munich Re has grown premium volume by 42 percent year on year to about €3.3 billion in the 1 July 2018 renewals.   8 August 2018

Insurance

Revenues up at White Mountains but profits dip

White Mountains Insurance Group enjoyed a big increase in its revenues in the second quarter of 2018 mainly driven by the additional revenues of NSM Insurance HoldCo, an insurance programme administrator it acquired for $274 million, this year. But its overall profits deteriorated.   8 August 2018

Insurance

Aegon sells remaining US life reinsurance business to SCOR

Dutch insurance group Aegon has agreed to divest the last substantial block of its life reinsurance business to SCOR Global Life.   8 August 2018

Insurance

Hastings Group overcomes hurdles to post strong H1 results

Hastings Group, the UK driven insurance provider, enjoyed a 5 percent growth in its gross written premiums in the first half of the year and a 22 percent growth in its operating profit.   8 August 2018

News

Swiss Re earnings driven by underwriting again

In the first half of 2018, Swiss Re’s earnings were driven by underwriting, a shift from the same period a year ago.   6 August 2018

Insurance

AIG appoints deputy CFO from Zurich

American International Group (AIG) has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer.   6 August 2018

Insurance

BIBA unveils drone scheme with Tokio Marine

The British Insurance Brokers’ Association (BIBA) has launched a new drone insurance scheme with specialist and corporate insurer Tokio Marine Kiln (TMK).   6 August 2018

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