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Insurance
Lloyd's profits down 16.4 percent in H1 2017
Specialist insurance and reinsurance market Lloyd's reported pre-tax profits of £1.22bn for the first half of 2017, down from £1.46bn for the same period in 2016.   28 September 2017
Insurance
Harvey-Irma insured losses could reach $1.6 billion, says Chubb
Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb.   28 September 2017
Insurance
Generali Deutschland to restructure and streamline operations
Generali Deutschland, a German primary insurer part of Generali Group, is in the process of restructuring its business by consolidating 10 of its product groups into one and by putting its life business Generali Leben into run-off.   28 September 2017
Insurance
VIG Re establishes German subsidiary; names head
VIG Re, the Czech Republic-based reinsurer, is opening a branch office in Frankfurt, Germany, to expand its European presence.   28 September 2017
Insurance
Cyclone Debbie insured losses rise to A$1.66bn: PERILS
The insured property market loss for tropical storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, has reached A$1.658 billion ($1.3 billion), according to PERILS.   28 September 2017
Insurance
Marsh & McLennan hires deputy general counsel from S&P Global
Marsh & McLennan Companies has appointed Katherine Brennan as deputy general counsel, corporate secretary and chief compliance officer.   28 September 2017
Insurance
London has fallen behind in insurtech as Munich takes the lead
Munich has overtaken London as the European leader of insurtech, but there’s still hope for London to take back its crown.   28 September 2017
Insurance
Recent cat losses may mean Mapfre misses ROE targets
Re/insurer Mapfre has estimated that losses stemming from the recent natural disasters in North America and the Caribbean will cost it between €150 million and €200 million on its 2017 net result.   27 September 2017
Insurance
A failure of models could turn the market
Some re/insurance executives yearn for the heady days of a hard market but most are more realistic, given the abundance of capital in the industry. The recent hurricanes have given the market an insight into just how rates might respond to big losses, as Intelligent Insurer reports.   25 September 2017
Insurance
AIA expands in Australasia with $3bn cash acquisition
Pan-Asian life insurance group AIA said on Sept. 21 that it reached an agreement with the Commonwealth Bank of Australia to acquire CommInsure Life and Sovereign, CBA’s life insurance business in Australia and life and health insurance businesses in New Zealand.   21 September 2017

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