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Moody's Investors Service has released a new report that claims that the growth in mergers and acquisitions (M&A) in the insurance industry, now at its highest level for many years, has been driven by the weak global economic environment and regulatory changes. 10 November 2015
Insurance
Rating agency Standard & Poor’s (S&P) has revised its long-term counter credit and insurer financial strength ratings on Bermuda-based captive insurer Stellar Insurance. 9 November 2015
article
Reinsurer SCOR’s profits increased in the third quarter and in the first nine months of the year putting it on track to achieve its targets for the year, its CEO said. 4 November 2015
Insurance
The recent cuts in interest rates in China are likely to encourage the country’s insurers to seek overseas investments. However, such investments will increase the risks for these insurers, Standard & Poor’s (S&P) has said in a report. 3 November 2015
News
Despite improvements in recent years, gaps remain in the quality of some of the risk models in use in Asia, George Attard, head of Aon Benfield Asia-Pacific, told SIRC Today. As such, the industry must look to continually improve these, he said. 3 November 2015
News
Technological advances including the advent of driverless cars are among several developments that will see reinsurers face a period of disruption over the next few years—bringing both challenges and opportunities, Roland Eckl, chief executive of Asia-Pacific at Munich Re, told SIRC Today. 3 November 2015
News
The reinsurance industry is still operating from a strong capital base as it approaches the end of 2015 and, even though the soft market continues, an easy landing might be ahead, rating agency Standard & Poor’s (S&P) said in a briefing covering the state of the reinsurance market at the Singapore International Reinsurance Conference yesterday (Tuesday November 3). 3 November 2015
Insurance
Re/insurer Jardine Lloyd Thompson Group (JLT) has released its interim management statement for the period 1st July 2015 to 2nd November. 3 November 2015
Insurance
Bermuda-based Blue Capital Reinsurance Holdings reported an increase in its profits for the third quarter of the year. 3 November 2015
Insurance
AM Best has assigned a financial strength rating of A+ (Superior) to property/casualty firm WR Berkley Europe. The outlook of the rating is stable. 3 November 2015
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