Articles
Insurance
Commercial insurer Markel reported a comprehensive income to shareholders of $1.2 billion for 2017 compared to $667.0 million in 2016. 7 February 2018
Insurance
Re/insurer QBE is realigning its operating model to take a more customer-centric approach. The move has resulted in several people moves, and creation of two new portfolios in its Australian and New Zealand operations. 7 February 2018
Insurance
Hannover Re has expanded the premium volume in traditional property/casualty (P&C) reinsurance by 12.7 percent, according to a Feb. 7 press release. 7 February 2018
Insurance
Jardine Lloyd Thompson Group (JLT) has hired AIG's former aerospace and marine leader Joe Trotti to become the broker’s global practice head of aviation, and join its new global specialty leadership team. 7 February 2018
Alternative Risk Transfer
The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best. 5 February 2018
Insurance
The global reinsurance market remains challenged by various market forces that will continue to shape the landscape over the near term. The recently announced acquisition of Validus Re by AIG is just the latest chapter in the evolution of the traditional reinsurance model, where specialty focused businesses seek shelter as part of a significantly larger globally diversified enterprise. 2 February 2018
Insurance
Guy Carpenter, the Marsh & McLennan Companies reinsurance arm grew revenues by 8 percent year on year to $239 million in the fourth quarter of 2017. 1 February 2018
Insurance
One of the most critical issues in Brexit discussions is contract continuity, Andrew Agnew, chair of London & International Insurance Brokers’ Association (LIIBA) said in a Feb. 1 speech. 1 February 2018
Insurance
Insurance companies operating in the Middle East and North Africa (MENA) region have encountered supressed growth rates due to economic and political uncertainties, according to AM Best. 1 February 2018
Insurance
Bermuda-based Armour Group has acquired legal expenses and niche lines insurer Elite Insurance Company (EIC) and its affiliate Elite Business Development (EBD), according to a company statement. 1 February 2018
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