News
Alternative Risk Transfer
Despite a multitude of other catastrophes in 2018, the single biggest loss event for reinsurers was so-called loss creep from 2017’s Hurricane Irma. Dirk Lohmann of Schroders examines what went wrong and what the industry must learn. 28 February 2019
Insurance
In a year marked by high levels of natural catastrophe, reinsurer SCOR still manages to deliver “robust growth” in its 2018 annual results. 20 February 2019
Insurance
Re/insurance rating agency AM Best is changing its senior management structure to cut costs and strengthen its Asia Pacific business following a "strategic review" of its core markets. 20 February 2019
Insurance
AM Best has determined that Sirius is sufficiently independent of parent company China Minsheng Investment Group (CMIG) to be unaffected by reported liquidity issues at the Chinese company. 18 February 2019
Insurance
Rating agency AM Best has downgraded the Long-Term Issuer Credit Ratings (ICR) of Allied World Assurance Company (Bermuda) and its operating affiliates to ‘a’ from ‘a+’. 18 February 2019
Insurance
Aon has outlined the three characteristics that enable specialist insurers to “thrive, sometimes profitably, in one of the toughest property insurance markets” in Florida in the US, in a report out today (Thursday 14 February). 14 February 2019
Insurance
Lancashire Holdings sustained heavy losses in the fourth quarter but returned to profit in 2018 and improved its combined ratio. 14 February 2019
article
European insurers are well positioned to manage the disruption caused by Brexit but, warns global ratings agency S&P, any wider global downturn will bring volatility, which is likely to mean persistent low interest rates. 13 February 2019
Insurance
Commercial insurer CNA made “significant progress in 2018” despite a fourth quarter hit by catastrophe losses, said chairman and CEO of CNAFinancial Corporation Dino Robusto as the company announced its full year results. 11 February 2019
Insurance
Non-life insurance and investment specialist Randall & Quilter Investment Holdings (R&Q) raised gross proceeds of approximately £100 million to support the development of its programme management business, and assist in maintaining the AM Best credit and financial strength ratings of the accredited companies. 7 February 2019
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