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Insurance
Dubai-based re/insurer International General Insurance Holdings (IGI) has recorded lower gross written premiums and net profits for 2016, but management claims to “view future prospects with optimism.” 13 March 2017
Insurance
Germany-based legal expenses insurance provider ARAG has criticized the Association of British Insurers (ABI) for the way it responded to the UK’s personal injury discount (Ogden) rate decision. 10 March 2017
Insurance
Munich-based Allianz has appointed Giulio Terzariol as chief financial officer (CFO), succeeding Dieter Wemmer, whose contract ends at the end of 2017. 10 March 2017
Insurance
Re/insurer XL Catlin has promoted Angie Strack to the position of senior vice president and underwriting manager for its global risk management division's US North Central region, including the greater Chicago-area and upper Midwest. 10 March 2017
Insurance
The levels of severe weather that has hit the US Midwest so far this year are more than double their respective 2005-2015 averages, according to the records of the National Oceanic and Atmospheric Administration’s (NOAA) Storm Prediction Center. 9 March 2017
Insurance
Profits at UK insurer Aviva where hit hard by a £380 million after-tax charge due to the reduction in the Ogden discount rate, the mechanism insurers use to calculate future losses in personal injury and accident cases. But the company stressed that its overall performance was very positive. 9 March 2017
Insurance
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Joseph Blanco as senior vice president and general counsel. He was serving as the company's interim general counsel since September 2016. 9 March 2017
Insurance
American International Group (AIG) has announced its plan to locate an insurance company in Luxembourg to write business across the European Economic Area (EEA) and Switzerland once the UK leaves the European Union. 8 March 2017
Insurance
Insurers have welcomed the investments included in Chancellor Philip Hammond’s Spring Budget announced today,March 8, 2017, but the Insurance Premium Tax remains an issue for the industry. 8 March 2017
Insurance
Hong Kong is losing re/insurance business particularly to Singapore and hopes for growth in ILS (insurance-linked securities). 8 March 2017
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