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Insurance
Cayman Islands-based Greenlight Re reported a loss for the fourth quarter of 2017, driven primarily by reserve strengthening and an investment loss. 21 February 2018
Insurance
Zurich has launched a new initiative to drive innovation throughout the insurer, with a renewed focus on changing customer demand and needs, the company said in a Feb. 20 press release. 21 February 2018
Insurance
AM Best has downgraded Kenya Reinsurance Corporation due to concerns over the effectiveness of its enterprise risk management (ERM) in the face of expected business growth and increasingly sophisticated competition. 21 February 2018
Insurance
Specialist re/insurance broker BMS Group has formed a new energy division hiring three senior energy brokers from Price Forbes and Miller. 21 February 2018
Insurance
US-based programme administrator and managing general agency (MGA) V3 Insurance Partners has appointed former QBE executive Brian Janitschke as its chief operating officer. 21 February 2018
Insurance
The Insurance Council of Australia (ICA) has made three new appointments to its board of directors. 8 February 2018
Insurance
US investor Calamos Family Partners (CFP) filed a lawsuit in the US against Dutch EXIN Financial Services Holdings for defaulting on loans, according to an emailed statement, putting in doubt the planned acquisition of National Bank of Greece’s insurance unit, according to a Feb. 7 Reuters report. 7 February 2018
Insurance
The US property/casualty (P&C) industry is set to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses, according to AM Best estimates. 7 February 2018
News
Hannover Re has raised its group net income estimates for 2017 to €950 million from €800 million and set a new target for the current financial year. 7 February 2018
Insurance
Commercial insurer Markel reported a comprehensive income to shareholders of $1.2 billion for 2017 compared to $667.0 million in 2016. 7 February 2018
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