News
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
The former chairman of Anbang Insurance Group, Wu Xiaohui, is being accused by a Shanghai court of masterminding a ¥65.2 billion ($10.4 billion) fraud, using unauthorised sales of investment-type policies to prop up the acquisitive company’s capital, according to a March 28 Bloomberg News report. 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
Specialty insurer Markel Corporation has named Kara Owens as managing director, global cyber executive. 28 March 2018
Insurance
Insured losses across Queensland and New South Wales from tropical cyclone Debbie have reached A$1.74 billion ($1.33bn), according to the final estimate released by PERILS. 28 March 2018
Insurance
Everest Re Group is bringing to market a cyber insurance product providing cyber coverage, risk mitigation and remediation services to companies across all industry classes. 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
Swiss Re has appointed Claudia Cordioli to lead its reinsurance business in Western and Southern Europe. 27 March 2018
Insurance
Specialist insurer Markel International has appointed David Crozier to be president of its Canada business that includes offices in Toronto, Montreal, Calgary and Vancouver. 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
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