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Insurance
Ratings agency AM Best said on Aug. 24 that it revised the outlook to negative from positive for the Long-Term Issuer Credit Rating (Long-Term ICR) of Emirates Retakaful (ERL) following a $36 million write-off from gross written contributions for 2016. 24 August 2017
Insurance
UK non-life insurers are set to increase motor and household premiums to counteract claims inflation, Fitch Ratings said on Aug. 24. 24 August 2017
News
Reinsurance broker JLT Re has promoted Nick Dranchak to head of strategic advisory for the Americas. 24 August 2017
Insurance
The Mw 6.0 earthquake which impacted Central Italy on 24 August 2016 will now cost the insurance industry €108 million, much higher than the €66 million originally suggested three months after the event, according to PERILS, the catastrophe insurance data firm. 24 August 2017
Insurance
German non-life insurers will continue increasing premiums to offset declining yields in their investment portfolios, Fitch has suggested in a new report. 23 August 2017
News
Bermuda has been sent a questionnaire by the EU which could potentially result in the jurisdiction being defined as a tax haven with negative consequences for its re/insurance industry, but the country’s Ministry of Finance explained to Intelligent Insurer why such a scenario would not be justified. 22 August 2017
News
Global reinsurers' first half 2017 results provide further evidence of continuing pressure on pricing and earnings, Fitch Ratings said on Aug. 21. 21 August 2017
Insurance
Opportunities in the US mortgage business have provided reinsurers with some respite from deteriorating business conditions in traditional property casualty (P&C) reinsurance lines, but margins are tightening, according to an S&P Global Ratings report. 21 August 2017
Insurance
Ratings agency AM Best has announced that Manuel Agustin Calderón de las Heras has resigned from his position as managing director to "pursue other opportunities". 18 August 2017
Insurance
Asia offers great growth opportunities for insurers but Hong Kong as a re/insurance hub has been losing market share lately to other jurisdictions, particularly to Singapore. The former British colony will no longer be complacent and is implementing an action plan. 17 August 2017
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