News
Insurance
Global Risk Partners (GRP), the specialist investment vehicle for brokers and MGAs, has said it is seeking further acquisitions and remains on track to become a £1 billion business by 2018 as it posted its results for the year ending March 31, 2016. 6 December 2016
Insurance
Talbot Underwriting, a subsidiary of Bermuda-based Validus Holdings, has appointed a dedicated team of cyber underwriters. 2 December 2016
Insurance
AXIS Capital has decided to acquire aviation re/insurer Aviabel, underscoring its long-term commitment to the aviation market despite significant pricing pressure. 30 November 2016
Insurance
Japan’s Sompo has raised its 2018 profit target, driven by a good performance of its domestic business as well as expectations on the agreed acquisition of Bermuda-based Endurance. 25 November 2016
Insurance
The UK government plans to raise the insurance premium tax (IPT) from 10 percent to 12 percent, doubling the tax payable by customers on general insurance policies in the past 18 months, as revealed in the Autumn Statement. 24 November 2016
Insurance
The magnitude 6.9 earthquake and resulting tsunami that struck 35 kilometres off the coast of Tomioka, Japan, on November 22 has not caused any significant damage, according to RMS. 23 November 2016
Insurance
Progressive insurers are quickly grasping the potential of telematics to both cut claim costs and get closer to their customers. But further innovation will require a partnership with manufacturers. 23 November 2016
Insurance
Japan-based Sompo Holdings grew its consolidated net income by ¥14.8 billion to ¥43.4 billion ($390 million) between April and September driven by earnings growth in its domestic property/casualty (P&C) insurance business. 21 November 2016
Insurance
Tokio Marine, the holding company of Tokio Marine & Nichido Fire Insurance, which owns Tokio Millennium Re, has boosted its net income attributable to its parent company by 69.6 percent year-on-year in the second quarter (July-September) to ¥155.2 billion ($1.4 billion) and raised its full year targets. 18 November 2016
Insurance
The insurance sector’s current business model is threatened by new entrants targeting parts or the complete insurance value chain. 17 November 2016
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