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Insurance
Insurance development in East Asia is not homogeneous as is the case in some other markets such as West Europe or North America, and this is reflected by the theme of the 27th East Asia Insurance Congress (EAIC) in Taipei, two members of the congress’ organisational committee told EAIC Today. 2 November 2014
Insurance
The profits of Bermuda-based Axis Capital more than doubled in the third quarter of 2014 as it benefitted from low catastrophe losses and portfolio diversification. 30 October 2014
Insurance
SCOR has appointed Bertrand Bougon, previously deputy head of cash & capital management, as head of investor relations and rating agencies. 29 October 2014
Insurance
Arthur J. Gallagher (AJG) enjoyed strong growth in the third quarter of 2014, as the broker saw solid organic growth in its combined brokerage and risk management segments. 29 October 2014
Insurance
Maintaining underwriting and pricing controls will be vital for re/insurers going forward if they wish to improve their enterprise risk management (ERM) scores, according to two analysts at Standard & Poor’s (S&P) rating services, who spoke to PCI Today. 28 October 2014
Insurance
Rating agency AM Best recently revised its outlook for the reinsurance sector to negative, citing the ongoing market challenges that will hinder potential positive rating outlooks and upgrades, potentially resulting in negative rating pressure. 28 October 2014
News
AM Best has upgraded the financial strength rating of Latin American reinsurer Patria Re to A from A-. 27 October 2014
article
The US property and casualty insurance sector has remained at ‘stable’, despite companies “jockeying for positions”. 27 October 2014
Insurance
Rating agency Standard & Poor’s (S&P) has downgraded SNS Reaal bancassurance group’s insurance operations. 24 October 2014
Insurance
Re/insurers must hold their nerve on price in the current market conditions and be prepared to shrink if needed, Tom Bolt, Lloyd’s director of performance management, told Baden-Baden Today. 22 October 2014
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