News
Insurance
The high cost of doing business, due to high acquisition and administration, will continue pressuring underwriting results in the London insurance market in 2018, prompting Fitch Ratings to keep a negative sector outlook for the industry. 6 April 2018
Insurance
The downstream insurance capacity is set to rise further in 2018 despite record losses in 2017 while rates remain subdued, according to a Willis Towers Watson report. 5 April 2018
Insurance
Lloyd’s of London made a heavy loss in 2017 after being hit hard by the US hurricane season. While this may have been expected due to the market’s gearing towards US natural catastrophes, Lloyd’s top executives are now urging the market to boost profits by curbing costs and being more cautious with its risk selection. 5 April 2018
Insurance
Bermuda-based Third Point Re has not made an underwriting profit in the past five years but CEO Robert Bredahl has now revealed a strategy to improve underwriting performance and push the combined ratio below 100 percent. 28 March 2018
Insurance
Genworth Financial, a US-based insurance holding company, and China Oceanwide Holdings Group have agreed to a fourth waiver and agreement of each party's right to terminate the previously announced merger. 28 March 2018
Insurance
Bermuda-based AXIS was hit hard by natural catastrophes 2017 but CEO Albert Benchimol believes that the financial impact of the year’s challenges on the company do not explain the 23 percent drop in the firm’s share price and suggested that it was further exacerbated by questions relating to the Novae acquisition. 27 March 2018
Insurance
Consequences of advances in the digital applications involved with naval architecture and the operation of vessels are worrying the insurance sector. 27 March 2018
News
Insurers that place the potential of technology such as AI at the centre of their business will gain a significant competitive advantage, Abhishek Breja, the former head of performance transformation and AI at Assurant, tells Intelligent Insurer. 26 March 2018
Insurance
Recent reports highlighted the growing threat of cyber-attacks and data breaches to the energy sector, and underscore the growing need for protection, according to rating agency AM Best. 26 March 2018
Insurance
Rating agency AM Best has downgraded Canopius Reinsurance after it reviewed the firm following its acquisition by Centerbridge Partners. 23 March 2018
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