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Insurance
Switzerland-based insurer Helvetia Group has posted solid growth in 2013 driven largely by its Swiss home market, which saw 9.9% growth, but with Germany, Austria and France also recording positive growth. 10 March 2014
Insurance
SCOR’s acquisition of Generali US last year combined its rapidly growing status as a truly global and highly rated reinsurer – at a time when many big cedants are rationalising their reinsurance panels – helped the reinsurer post a record profit in 2013 while also enjoying substantial growth. 6 March 2014
Insurance
American Strategic Insurance Group is set to launch its first catastrophe bond. The insurer is marketing a $200 million deal designed to protect it against named storms and severe thunderstorm risks in the US. 4 March 2014
Insurance
Improved operating earnings and a positive economy has led to the upgrade of several mortgage insurance companies in the US. 28 February 2014
Insurance
A proposed earthquake insurance fund for the Philippines, which would be developed by the Insurance Commission (IC) and the Asian Development Bank (ADB) has won the backing of Fitch. 24 February 2014
News
Zurich-based reinsurer Weisshorn Re AG has appointed Patrick Kelleher as CEO and delegate to the board of directors. Kelleher has experience leading re/insurance businesses on an international scale and risk management experience across a range of life and non-life insurance businesses. 13 February 2014
Insurance
Profits from the mandatory Dubai health insurance cover will be low, despite growth opportunities being present, says Moody’s. 12 February 2014
Insurance
XL Group posted improved profits for 2013 despite stable premium growth largely thanks to lower losses which were also reflected in an improved combined ratio. 6 February 2014
News
RenaissanceRe reported a 15 percent increase in net income in 2013 making $665.7 million compared with $566 million in 2012, despite the market becoming increasingly competitive. 5 February 2014
News
Q-Re, the Qatar-based reinsurer, expects to have grown its book by 43 percent in this year’s January renewals, despite removing some business it regarded as unprofitable. 4 February 2014
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