News

News

Munich Re expects up to €2.5bn profit in 2018

Munich Re is expecting to generate a profit of between €2.1 billion and €2.5 billion in 2018. This slightly exceeds the guidance that the company had projected for 2017, which was initially set at between €2.0 billion and 2.4 billion.   15 March 2018

Insurance

Cost reductions and life boost results at Generali

Italian insurer Generali posted a strong set of results for 2017 including a record operating result, a performance it attributed to its life business, asset and wealth management segment, investment performance and implementing cost reductions ahead of schedule.   15 March 2018

News

Munich Re posts €476m loss in P&C reinsurance in 2017

Munich Re has reported a loss in its property/casualty reinsurance unit of €476 million due to high levels of natural catastrophes.   15 March 2018

News

Swiss Re seeks new share buy-back programme; elects three new directors

Swiss Re plans to increase its regular dividend and authorise a new public share buy-back programme of up to Sfr1 billion ($1 billion) at its Annual General Meeting of shareholders set for April 20, 2018.   15 March 2018

Insurance

ArgoGlobal makes key casualty hires from Chaucer and QBE

ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has bolstered its casualty division with senior hires from Chaucer Syndicates and QBE.   15 March 2018

Insurance

Syndicate 2525 poaches senior class underwriters from Aspen

DL Dale & Others' Syndicate 2525, a specialist employers’ and third party liability Lloyd’s insurer managed by Asta Managing Agency, has strengthened its underwriting team with key hires from Aspen Insurance.   15 March 2018

Insurance

Motor Insurers' Bureau CEO leaves; successor appointed from QBE

UK's MIB (Motor Insurers' Bureau) has appointed Dominic Clayden as its new CEO and board executive director, succeeding Ashton West OBE.   15 March 2018

Insurance

XL Catlin unveils promotions in global environmental team

XL Catlin’s insurance operation has made number of promotions across Europe in its international environmental team.   15 March 2018

Insurance

BMS Innovation Labs launched as broker targets innovation

Broker BMS Group has unveiled a new platform and strategy designed to help its clients innovate.   15 March 2018

Insurance

Fitch downgrades Prudential on UK demerger

Fitch Ratings has downgraded the long-term ratings of UK-based life insurance group Prudential following the company's decision to separate its UK & European businesses (M&G Prudential) from the rest of the group.   14 March 2018

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