News
Insurance
The UK Government has startled the re/insurance industry by decreasing the personal injury (Ogden) rate by far more than had been expected, causing companies to revise their profit results mid-reporting season. 1 March 2017
Insurance
Generali France Chairman and CEO Eric Lombard has been elected chairman of the Economic & Finance (EcoFin) Committee of Insurance Europe, the European insurance and reinsurance federation. 1 March 2017
Insurance
Enstar Group enjoyed a profitable 2016 and also solid growth. But it also warned that if pricing in many lines of business continues to deteriorate, its underwriting margins may suffer and it may need to write less premium in certain lines of business. 28 February 2017
Insurance
American International Group (AIG) has appointed Rose Marie Glazer as vice president, deputy general counsel and corporate secretary. She succeeds Jeffrey Welikson, who is retiring. 28 February 2017
News
The State of France and the French government-backed reinsurer Caisse Centrale de Réassurance (CCR) have signed a new agreement that redefines the role of the company. 28 February 2017
Insurance
Australia’s QBE is observing that business that in the past went through the London Market is increasingly being processed at other international locations, driven by cost pressure and client demands. 28 February 2017
Insurance
Bermuda-based Ironshore Specialty Casualty has named Dawn Puro and Sonny Powers to assume new product line responsibilities with immediate effect. 28 February 2017
Insurance
The magnitude of the UK’s reduction of the personal injury rate has shocked the UK insurance industry and raised concerns also among reinsurers, which are expected to be particularly hard hit. 28 February 2017
Insurance
The UK insurance industry has expressed its concern over the Lord Chancellor’s decision to change the Ogden discount rate to -0.75 percent from 2.5 percent. 27 February 2017
Insurance
Berkshire Hathaway Specialty Insurance boosted premium volumes by 40 percent in 2016 to $1.3 billion. 27 February 2017
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