News
Insurance
Marine insurers are grappling with increased competition, a soft market, economic uncertainties and the looming threat of piracy. But Dieter Berg, president of the International Union of Marine Insurance, is optimistic around insurers’ ability to stay afloat in this challenging environment. Intelligent Insurer reports. 1 September 2016
Insurance
Swiss Re International, the Luxembourg-based subsidiary of Swiss Re Corporate Solutions, has obtained formal authorisation from the Office of the Commissioner of Insurance Hong Kong to carry on with general insurance business in or from Hong Kong. 1 September 2016
Insurance
Acquisitions activity and the development of its specialisms business contributed to Bluefin’s growth in the fiscal year 2015, despite a slip in earnings. 31 August 2016
Insurance
Growth in the life insurance sector in emerging markets will more than outstrip the stagnating markets in many more developed countries, according to a report from S&P Global Ratings. 31 August 2016
Insurance
International General Insurance (IGI) experienced steady growth and a substantial increase in net profits in the first half of 2016, despite difficult market conditions. 30 August 2016
Insurance
European insurers had almost €9,8 trillion invested in bonds, company shares and other assets in 2015, an increase of 1.7 percent from 2014, according to figures published by Insurance Europe, the European insurance and reinsurance federation. 30 August 2016
Insurance
Everest Re Group has finalised the sale of Heartland Crop Insurance, its US crop managing general agent (MGA), to CGB Diversified Services, for $49 million. 26 August 2016
Insurance
EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage and employee benefits consultant, has appointed Vincent Caracciolo as national managing director of claims and coverage advocacy. 26 August 2016
Insurance
An increase in foreign exchange volatility in the second quarter of 2016, enhanced further by the surprising result of the UK’s EU referendum vote, has distorted the performance of re/insurance companies during the period. Making more use of hedging for foreign exchange risk could ease such distorting effects from companies’ profit and loss accounts, experts claim. 26 August 2016
Insurance
Risk modelling agencies have said it is too early for loss estimates following the earthquake in central Italy this week but two have suggested that many residential properties may not be insured against earthquake risk. 25 August 2016
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