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Insurance
The US property/casualty (P&C) industry is set to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses, according to AM Best estimates. 7 February 2018
News
Hannover Re has raised its group net income estimates for 2017 to €950 million from €800 million and set a new target for the current financial year. 7 February 2018
Insurance
Commercial insurer Markel reported a comprehensive income to shareholders of $1.2 billion for 2017 compared to $667.0 million in 2016. 7 February 2018
Insurance
Re/insurer QBE is realigning its operating model to take a more customer-centric approach. The move has resulted in several people moves, and creation of two new portfolios in its Australian and New Zealand operations. 7 February 2018
Insurance
Hannover Re has expanded the premium volume in traditional property/casualty (P&C) reinsurance by 12.7 percent, according to a Feb. 7 press release. 7 February 2018
Insurance
Jardine Lloyd Thompson Group (JLT) has hired AIG's former aerospace and marine leader Joe Trotti to become the broker’s global practice head of aviation, and join its new global specialty leadership team. 7 February 2018
Insurance
Lloyd's, the specialist insurance and reinsurance market, has appointed Mike Bracken, Nigel Hinshelwood and Fiona Luck to its franchise board as non-executive directors for a three-year period commencing March 1, 2018. 6 February 2018
Insurance
Guy Carpenter, the Marsh & McLennan Companies reinsurance arm grew revenues by 8 percent year on year to $239 million in the fourth quarter of 2017. 1 February 2018
Insurance
Bermuda-based Armour Group has acquired legal expenses and niche lines insurer Elite Insurance Company (EIC) and its affiliate Elite Business Development (EBD), according to a company statement. 1 February 2018
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, has launched Nordic-focused MGA Bridge Underwriting to begin underwriting in March. 1 February 2018
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