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Insurance
Australia-based QBE has benefitted from improvements in its North American operations in the first half of 2018 while the European unit’s performance weighed on results. 16 August 2018
Insurance
Brit Global Specialty USA (BGSU) has affirmed its commitment to the US Yacht market after media reports saying that Brit Global Speciality, Lloyd’s syndicate 2987, ended its yacht insurance business lines. 15 August 2018
Insurance
Insurance Australia Group (IAG) has increased insurance profit by 10.8 percent year on year to A$1.41 billion ($1.02 billion) in its 2018 financial year on lower expenses. 15 August 2018
Insurance
Insurtech, new risks and the growing involvement of the capital markets are all making the re/insurance industry more attractive to young people—and they look increasingly critical to its future. As part of a wider feature available online, Intelligent Insurer speaks to 45 young executives—all under 35—destined for success within this evolving sector. 13 August 2018
Insurance
Maiden Holdings is replacing the CEO and the chief financial officer amidst a restructuring of the business. 10 August 2018
Insurance
AmTrust Financial Services, Maiden Holding’s biggest client has continued to drag the reinsurer’s performance in the second quarter of 2018 and both companies decided to reduce the notice period for termination of their quota share agreement from nine months to five months prior to July 1, 2019. 10 August 2018
Insurance
AmTrust Financial Services has posted a net loss of $96.9 million for the second quarter of 2018 after a net profit of $29.1 million in the same period of 2017 as the company goes private. 10 August 2018
Insurance
The July drought and wildfires in Europe are likely to result in a minimum of €3.5 billion economic loss, according to the latest Aon catastrophe report. 10 August 2018
Insurance
Japan-based Sompo Holdings has recorded lower underwriting income for its first quarter of the 2018 financial year (April-June). 10 August 2018
News
AM Best has placed under review with negative implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Oman Reinsurance Company (Oman Re). 10 August 2018
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