News

Insurance

Profits dip at Hannover Re but it heralds ‘bottoming out’ of P/C rates

Profits and gross written premiums (GWP) for Hannover Re Group fell in the second quarter of 2016, largely due to the performance of its property/casualty reinsurance segment, which it stressed was facing challenging market conditions.   4 August 2016

Insurance

Exchange rates hit H1 profits at Aviva but underlying business remains bullish

After tax profits at Aviva were badly hit by what it called non-cash market variances and exchange rates in the first half of 2016 but the underlying performance of the business remained bullish, the company posting solid operating profits and encouraging growth.   4 August 2016

Reinsurance

ANALYSIS: Greenlight Re boss heralds new chapter despite more losses and criticism of business model

Losses at Greenlight Capital Re burgeoned in the second quarter of 2016 amid wider criticism of hedge fund reinsurers’ business models. But the company believes that it has now taken appropriate action to leave its problems behind.   3 August 2016

Alternative Risk Transfer

Western European insurers are adapting to an adverse environment: S&P

Western European insurers are exploring changes to their investment mixes, but strategic asset allocations have remained broadly stable in the past years, according to an analysis of 40 rated insurance groups by S&P Global Ratings.   3 August 2016

Insurance

Cat losses hit profits at Blue Capital but rate declines slow

Profits at Blue Capital Reinsurance Holdings dipped sharply in the second quarter driven by higher levels of catastrophe losses globally. On a positive note, the company said declines in rates slowed in the mid-year renewals compared with a year earlier.   2 August 2016

Insurance

ANV enhances M&A protection with increase in insurance capacity

ANV Global Services, the managing general underwriter (MGU) of ANV, has increased its Lloyd’s underwriting capacity for mergers and acquisitions (M&A) insurance.   2 August 2016

Insurance

Montpelier deal drives solid growth at Endurance

Endurance experienced substantial growth in almost all lines of business in the second quarter of 2016, largely driven by its acquisition of Montpelier Re but also by an expansion of its underwriting portfolio. Its profits for the period remained stable.   2 August 2016

Insurance

Chubb appoints new buyer ahead of critical renewals season

Chubb has appointed a new reinsurance buyer – just as the run in to the January 1 renewals season gets into full swing.   1 August 2016

Insurance

Bluefin expands agriculture offering with property and motor cover

Bluefin Underwriting, the managing general agent segment of Bluefin Insurance, has released two additional agriculture products to its offering.   1 August 2016

Insurance

Start-up MGA Tansar partners on new platform

Transactor Global Solutions (TGSL), an insurance software provider, has formed a partnership with Tansar, a start-up managing general agent (MGA).   1 August 2016

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