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Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
Significant flaws exist in in the formula used to calculate the risk margin under Solvency II and a fundamental review of its methodology and calibration is required, Willis Towers Watson has claimed in a response to a European Insurance and Occupational Pensions Authority (EIOPA) Discussion Paper on the upcoming review of Solvency II. 16 March 2017
News
The world’s biggest reinsurer has suggested its profit for 2017 will be lower than in 2016 on the back of a challenging environment with combined ratios increasing and its reinsurance unit specifically contributing less to profits. But it has also forecast growth in its reinsurance business. 15 March 2017
Insurance
The Chartered Insurance Institute (CII) has appointed Matthew Connell to the newly-created role of director of policy and engagement. 15 March 2017
Insurance
Lloyd’s Syndicate 623, which is managed by Beazley Furlonge and writes business on behalf of Names at Lloyd’s, recognised total gains of $53.6 million in 2016, a jump on the $46.6 million it posted in 2015. 15 March 2017
Insurance
The supervisory board of Dutch insurer NN Group has reappointed Lard Friese as chief executive officer (CEO) for another four-year term. He will also be reinstated as the chairman of group's executive board. 15 March 2017
Insurance
Arcus Syndicate 1856, part of Barbican Insurance Group, has expanded its team with the appointment of a specialist property treaty underwriter. 15 March 2017
News
Munich Re has revealed it plans to buy back up to €1 billion of its own shares by April 2018, as it struggles to find profitable opportunities in what its chairman, who steps down in April this year, said will remain a challenging environment. 15 March 2017
Insurance
Re/insurers can now accurately model liability exposure probabilistically across their entire portfolios, Lloyd’s has claimed, thanks to a new data-driven methodology the market has developed in partnership with modelling company Arium. 15 March 2017
Insurance
Re/insurer XL Catlin has received regulatory approval from the Monegasque Minister of State to provide insurance policies in the principality of Monaco. 15 March 2017
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