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Insurance
Hannover-based insurance group Talanx exceeded profit expectations in the third quarter in 2016 and raised its targets for 2017. 15 November 2016
Insurance
In the absence of management actions, P&C (property/casualty) insurers' profits will fall on average by 10 percent to 20 percent in three years, which represents a cumulative decline of €3-5 billion, according to Moody’s. Life insurance profits will generally decline at a slower pace. 15 November 2016
Insurance
Jardine Lloyd Thompson Group (JLT) has reached an agreement to sell the majority of its Thistle UK business to PIB Group. 14 November 2016
Insurance
Zurich has appointed Tulsi Naidu as CEO of its UK business. She will report to Gary Shaughnessy, CEO for Europe, Middle East & Africa (EMEA). 14 November 2016
Insurance
Broker Marsh has reached an agreement with AXA Group to acquire Bluefin Insurance Group (Bluefin), a broker network and managing general agent business owned, which is a subsidiary of AXA UK. 14 November 2016
Insurance
Many German insurers are struggling to find a suitable strategy to help them navigate the current challenging environment characterised by low interest rates, fierce competition and the disruptive forces of new technology. 11 November 2016
Insurance
Digitally-focused new players in the insurance industry are increasingly threatening the market dominance of traditional insurers in a dynamic that could ultimately force the incumbent players to become nothing more than risk carriers, the COO of Hiscox has warned. 11 November 2016
Insurance
Global insurance rates declined for the 14th consecutive quarter in the third quarter of 2016, although the rate of decline moderated by weighted average for the third quarter in a row, according to Marsh’s Global Insurance Market Index covering the third quarter of 2016. 11 November 2016
Insurance
US renewal rates remain competitive on average across all major lines of business in the third quarter of 2016, but US financial and professional liability lines experienced the lowest rate of decline and property lines experiencing the greatest rate of decline, according to Marsh’s Global Insurance Market Index covering the third quarter of 2016. 11 November 2016
Insurance
European insurers are accelerating their investment into infrastructure, and Aviva’s plan to more than treble its exposure to infrastructure emphasises this trend, according to Fitch Ratings. 10 November 2016
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