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Insurance
French reinsurer SCOR has seen its net profit halve in 2017 compared to 2016 as it absorbs significant nat cat losses while at the same time expanding the business. 22 February 2018
Insurance
Alleghany Corporation’s TransRe is shrinking its business despite rate improvements in the property/casualty (P&C) market to protect underwriting quality. 22 February 2018
Insurance
Ryan Specialty Group (RSG) has reached a definitive agreement to acquire the assets and operations of New Jersey-based specialty intermediary New Day Underwriting Managers. 22 February 2018
News
French reinsurer SCOR wants to grow its property/casualty portfolio in the US, particularly casualty business. But, stung by the mistakes of the past, it is proceeding with caution, Victor Peignet, CEO of SCOR Global P&C, told Intelligent Insurer. 19 February 2018
Insurance
American International Group (AIG) reported a net loss of $6.66 billion for the fourth quarter of 2017, compared to a net loss of $3.04 billion in the prior-year quarter. 9 February 2018
Insurance
US property/casualty insurer The Hartford reported a net loss of $3.7 billion for the fourth quarter 2017, primarily due to a $3.1 billion loss on discontinued operations related to the agreement in December to sell Talcott Resolution and a $877 million charge due to the reduction in the US corporate tax rate. 9 February 2018
Insurance
Spain-based Mapfre has reported natural catastrophe losses of €183.8 million for 2017, of which €58.2 million were absorbed by Mapfre Re. 9 February 2018
Insurance
As technology evolves, reliable data from wearable devices should streamline and accelerate life insurance underwriting, SCOR said in a Feb. 9 blog. 9 February 2018
Insurance
Windstorms Friederike, Eleanor and Carmen which hit Western and Central Europe in January are expected to cost European insurers more than $2 billion losses, according to Aon Benfield. 9 February 2018
Insurance
Bermuda-based property and casualty re/insurer Sompo International is acquiring Italian agriculture insurance specialty company A&A, according to a Feb. 8 press release. 9 February 2018
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