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Insurance
Profits at insurer Zurich plummeted in 2015 due to restructuring costs and poor results in its general insurance sector. But its CEO said it is taking rigorous action to improve profitability. 11 February 2016
Insurance
Insurer Chubb has appointed country presidents to lead its operations in continental Europe. 5 February 2016
Insurance
PERILS, the Zurich-based organisation that provides catastrophe insurance data, has released its initial loss estimate from the UK floods stemming from storms Eva and Frank in December 2015, and further low pressure systems in early January 2016. 5 February 2016
Insurance
Insurer Towergate has appointed Andy Baughan as chief underwriting officer (CUO). 28 January 2016
Insurance
Zurich Insurance Group has appointed Mario Greco, who most recently spent three years as the chief executive of Italian insurer Generali, as its new chief executive officer (CEO), effective May 1, 2016. 27 January 2016
Insurance
The London Market Group (LMG) has launched its London Market (LM) Target Operating Model (TOM) Steering Board. 27 January 2016
Insurance
US credit rating firm Moody’s has said it expects Zurich’s earnings coverage and capital and financial leverage to be negatively affected by the insurer’s announcement that it will show some $100 million of operating losses in its general business for its fourth-quarter 2015 earnings. 25 January 2016
Insurance
Qatar Insurance Company (QIC) has reported a small increase in its profits last year but a big hike in its gross written premiums driven by its continued geographical expansion. 21 January 2016
Insurance
Bermuda-based holding company Everest Re has appointed Charles Higham as vice president and leader of the Financial Institutions Group at Everest Specialty Underwriters, a division of Everest Insurance. 21 January 2016
Insurance
Zurich Insurance Group said it expects its general insurance business to record a business operating loss in the fourth quarter of 2015 due to natural catastrophe claims. including those related to recent storms and floods in the UK and Ireland. 20 January 2016
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