Articles

Awards

Vast majority in re/insurance wants UK’s Ogden discount rate calculation to change: survey

Most (84 percent) of participants in an Intelligent Insurer survey want the way the personal injury Ogden discount rate is being calculated in the UK to change.   13 March 2017

Insurance

ARAG criticises ABI for UK Ogden discount rate decision handling

Germany-based legal expenses insurance provider ARAG has criticized the Association of British Insurers (ABI) for the way it responded to the UK’s personal injury discount (Ogden) rate decision.   10 March 2017

Insurance

Ogden hit prompts Fitch to set UK non-life company insurance market on negative outlook

Fitch Ratings has revised its sector outlook for the UK non-life company insurance market to negative from stable after a harsh drop in the personal injury Ogden discount rate.   9 March 2017

Alternative Risk Transfer

ILS issuance contracted in 2016 for the second consecutive year

Insurance-linked securities’ (ILS) issuance contracted for a second consecutive year in 2016, according to the latest Bermuda Insurance-Linked Securities (ILS) Market Report.   8 March 2017

Insurance

Hong Kong warns on shrinking re/insurance hub, seeks growth in ILS

Hong Kong is losing re/insurance business particularly to Singapore and hopes for growth in ILS (insurance-linked securities).   8 March 2017

Insurance

Bulk annuity market behaviour driven by Solvency II, claims Aon

Aon Hewitt has said that there are clear signs that changes in regulation are changing behaviour – and the timing of deals – in the pension scheme bulk annuity market.   6 March 2017

News

UK terror facility Pool Re boosts size of reinsurance placement

Pool Re, the UK government-backed terrorism pool, has increased its commercial reinsurance coverage to £2 billion, an increase on the £1.95 billion of coverage it previously had in place.   3 March 2017

Insurance

JLT Group CEO Burke praises solid 2016 results

Strong growth in its risk and insurance unit, which comprises JLT Re and JLT Speciality, help Jardine Lloyd Thompson Group post a solid set of results for 2016 with both growth and improved profits despite what it called challenging trading and economic conditions.   28 February 2017

Insurance

Enstar warns that deteriorating rates may force it to cut back

Enstar Group enjoyed a profitable 2016 and also solid growth. But it also warned that if pricing in many lines of business continues to deteriorate, its underwriting margins may suffer and it may need to write less premium in certain lines of business.   28 February 2017

Insurance

JLT Group appoints COO; reshuffles management in LatAm and Canada

Jardine Lloyd Thompson Group unveiled a plethora of senior management changes at the same time as its 2016 results including a new group chief operating officer and new heads in Latin America and Canada.   28 February 2017

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