News
Insurance
The chief financial officer of Swiss Re has refused to deny that the reinsurer is in talks with companies other than SoftBank in relation to selling a stake in the company. 4 May 2018
Insurance
Italian insurance group Generali has increased operating results in its property/casualty (P&C) segment by 14.1 percent year on year to €528 million in the first quarter of 2018 due to improvements in the non-catastrophe loss ratio. 4 May 2018
Insurance
Fairfax Insurance Holdings, the re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, posted stellar growth and big profits in the first quarter of 2018 though its growth was largely due to premiums from Allied World, which it acquired in July last year, being added for the first time. 4 May 2018
Insurance
TransRe helped boost the results of parent company Alleghany Corporation in the first quarter of 2018, though the company’s group CEO expressed disappointment that rate hikes in the reinsurance business were not higher following the high cat losses of 2017. 4 May 2018
Insurance
Swiss Re enjoyed strong growth in the first quarter driven by its L&H Re and in Life Capital units but its profits were effected by a change in US GAAP accounting covering guidance on recognition and measurement of equity investments, which meant it took a $280 million hit to its net profit. 4 May 2018
Insurance
Argo Group posted strong growth in the first quarter of 2018 driven by its liability, professional and speciality lines in both its US and international books of business. Its profits dipped slighted because of higher expenses and changes in the value of its equity securities. 4 May 2018
News
Having endured the heavy losses of 2017, reinsurers should enjoy an improvement in profits in 2018 as rates improve and cat losses return to normal levels, according to Fitch Ratings. 4 May 2018
Insurance
Insurance broker and risk management firm Marsh has collaborated with professional liability specialist Validus Specialty to launch a new financial and professional insurance solution designed to manage US-based fintech companies’ growing risks. 4 May 2018
Alternative Risk Transfer
Broker Willis Towers Watson is integrating its insurance linked securities (ILS) business into its reinsurance unit Willis Re. 4 May 2018
Insurance
Willis Re has appointed Andrew Vince as deputy head of its global engineering practice. 4 May 2018
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