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Insurance
Greenlight Capital Re recorded a $30 million net profit in the third quarter of 2016 compared with a net loss of $219.7 million for the same period of 2015. Nevertheless, ratings agency AM Best downgraded the financial strength rating of Greenlight Reinsurance citing underwriting weaknesses. 4 November 2016
Insurance
A combination of automation of internal processes, gadget-driven insurance products and startups is set to transform the insurance business in the coming years, according to Torbjörn Magnusson, president & CEO of Nordic property/casualty insurance provider If P&C Insurance. 3 November 2016
Insurance
Maiden Holdings increased its net income substantially in the third quarter of 2016 while the two reinsurance segments it operates through, Diversified Reinsurance and AmTrust Reinsurance, enjoyed solid growth. 3 November 2016
Insurance
Italian insurers’ ratings are likely to be unaffected by the earthquakes that struck central Italy recently, according to a Fitch Ratings report. 1 November 2016
Insurance
SCOR has expanded its group finance functions with the appointment of Ian Kelly as head of investor relations and Bertrand Bougon as head of group ratings and capital, as well as finance director of SCOR SE. 31 October 2016
Insurance
With uncertainty on the tongue of almost every re/insurer, many feel that action must be taken to prepare for Brexit, with passporting rights and refocusing business models among the hot topics. Intelligent Insurer investigates. 27 October 2016
Insurance
Profits at SCOR fell in the first nine-months of 2016 thanks to a higher number of natural catastrophes and a challenging macroeconomic environment. 27 October 2016
Insurance
Bermuda-based Aspen grew its gross written premiums by 6 percent year-on-year to $763.5 million in the third quarter of 2016, driven by its reinsurance unit Aspen Re. 27 October 2016
Insurance
AM Best is about to change its methodology, yet most brokers and reinsurers seem to be ignoring what is either a potential opportunity or an impending crisis, as Peter Hughes, founding director at Litmus Analysis, explains. 25 October 2016
Insurance
The so-called protection gap in Europe (the difference between economic and insured losses), which includes flood insurance in Germany and the Netherlands as well as earthquake protection in Switzerland, offers growth potential for the re/insurance industry, according to executives from Swiss Re. 25 October 2016
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