News
Insurance
An increase in foreign exchange volatility in the second quarter of 2016, enhanced further by the surprising result of the UK’s EU referendum vote, has distorted the performance of re/insurance companies during the period. Making more use of hedging for foreign exchange risk could ease such distorting effects from companies’ profit and loss accounts, experts claim. 26 August 2016
Alternative Risk Transfer
Natural disasters in the second half of this year could have a serious impact on the returns generated by the insurance-linked securities (ILS) and reinsurance-linked investment markets in 2016, according to a panel of industry figures. Intelligent Insurer reports 25 August 2016
Insurance
A report by Zurich Insurance calls for improving the language around the ‘100 year flood’ event to one that illustrates the level of risk and the consequences for individuals and communities. 25 August 2016
Insurance
Zurich Insurance (Hong Kong) has appointed Philip Chiu as the head of its global corporate division. 22 August 2016
Insurance
Navigators & General (N&G), a marine insurance subsidiary of Zurich Group, will provide additional capacity to Towergate for its line of marine products, as part of a strategic partnership between the companies, effective October 1. 19 August 2016
Insurance
Tokio Marine Kiln (TMK) has expanded its property owners team with the appointment of Stuart Somerville as senior underwriter. 16 August 2016
Insurance
Modernising the London Market is essential if it is to compete with other re/insurance hubs and competitors in the world. But resistance from the front office, where brokers and underwriters may be reluctant to change their behaviour, could threaten the plan’s success. Intelligent Insurer reports. 11 August 2016
Insurance
Zurich has expanded its Asia-Pacific operations with the appointment of Jack Howell as regional chief executive officer (CEO), effective September 1. 11 August 2016
Insurance
Net profits at Zurich Insurance Group dipped in the second quarter of 2016 thanks to lower realised capital gains and restructuring charges. But company’s operating profits improved markedly and the firm’s chief executive hailed the impact of changes the business has made. 11 August 2016
Insurance
ArgoGlobal, a Lloyd’s insurer and subsidiary of Argo Group, has appointed Abdul-Latif Bousaleh as head of accident and health (A&H) underwriting for AroGlobal Underwriting (Dubai), effective immediately. 8 August 2016
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