Articles

Insurance

Flood Re reduces property premium charges by 12.5% at 1/1 renewals

UK’s reinsurance scheme Flood Re is reducing the reinsurance premiums it charges to insurers from Jan. 1, 2019.   1 October 2018

News

Munich Re, Hannover Re go for lower margin risk than SCOR

Munich Re and Hannover Re have embraced low margin, low volatility growth with a low Solvency II capital cost in 2018, while peers such as SCOR steer clear due to the high S&P rating capital cost, according to Jefferies analysts.   27 September 2018

Insurance

Zurich makes $0.4bn Adira acquisition, becomes largest foreign P&C insurer in Indonesia

Zurich Insurance Group is acquiring 80 percent of PT Asuransi Adira Dinamika (Adira Insurance), a property and casualty (P&C) insurer in Indonesia, from PT Bank Danamon Indonesia and a minority investor.   27 September 2018

Insurance

S&P upgrades Berkshire insurance units outlook

S&P Global Ratings has changed the outlook to stable from negative for Berkshire Hathaway's (BRK's) operating insurance subsidiaries, National Indemnity, Government Employees Insurance, General Reinsurance, and other related insurance subsidiaries due to a more robust capital base.   27 September 2018

Insurance

Ardonagh buys Swinton Group for £165m from Covéa

UK insurance intermediary Ardonagh Group is acquiring broker Swinton Group from its French parent Covéa Group for a consideration of approximately £165 million.   27 September 2018

Insurance

Munich Re, XL, Sompo invest $20m in insurtech Slice

US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, has raised an additional $20 million in Series A funding to further expand its offering on a global scale.   27 September 2018

Insurance

Aon partners with Pembroke at Lloyd’s for public protection policy

Broker Aon is collaborating with Pembroke Managing Agency at Lloyd’s to develop a Public Protection Policy (PPP) to support the victims of terrorist attacks.   27 September 2018

Insurance

Adapting to a changing world through public-private enterprises

Public-private enterprises must adapt—and terrorism pools are illustrating just how efficiently this can be done as they too adjust to the demands of a modern and rapidly changing world, says Emma Karhan of Aon Benfield.   24 September 2018

Insurance

Chubb appoints new reinsurance officer

Insurer Chubb has named Jeremiah Konz as executive vice president, reinsurance officer for its international general insurance business Chubb Overseas General.   18 September 2018

Insurance

Florence losses likely to be largely retained by insurers: Moody’s

Losses from Hurricane Florence will be largely retained by property/casualty insurers only “dampening” their third quarter earnings. Only reinsurers and ILS funds with low attachment points may find themselves subject to claims, according to a report by Moody’s, which also predicted no cat bonds would be triggered.   17 September 2018

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