Articles
Insurance
American International Group (AIG) has reported an underwriting loss for its general insurance operations in the second quarter of 2018 as the loss ratio deteriorated. 3 August 2018
Insurance
Swiss Re has significantly increased its earnings in the P&C reinsurance business in the first half of 2018 due to a “strong” underwriting performance supported by a benign large loss experience. 3 August 2018
Insurance
Swiss Re is exploring a potential initial public offering (IPO) of its UK closed book business ReAssure in 2019. 3 August 2018
News
TransRe’s net premiums written in the 2018 second quarter were roughly flat with the comparable prior year period as a result of higher ceded premiums written due to an increase in retrocessional coverage purchased in 2018, the company said while presenting second quarter results. 3 August 2018
Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best. 3 August 2018
Insurance
Fitch Ratings has revised the outlook for CNO Financial Group to positive from stable following the company’s recent reinsurance transaction. 3 August 2018
Insurance
Specialty re/insurer Brit has benefitted from higher prices in the first half of 2018 but net profit dived nevertheless due to a sharp drop in investment return. 3 August 2018
Insurance
Australia-based QBE Insurance is selling its travel insurance business to health insurer nib holdings (nib). 3 August 2018
Insurance
German insurance giant Allianz expanded the property/casualty (P&C) business in the second quarter while the combined ratio deteriorated. 3 August 2018
Insurance
Willis Towers Watson (WTW) has filed a lawsuit against its former North America construction industry leader William Noonan claiming that he has breached contract by taking, using, or disclosing confidential Information when he took a job at Alliant and by soliciting key employees on behalf of Alliant 25 July 2018
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