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Insurance
Although Lebanese insurers are accustomed to operating in a challenging economic environment, an accelerating decline in investor confidence and US dollar cash-flow constraints create further risks for insurers with fixed costs in US dollars. 4 November 2019
Insurance
US insurance giant AIG Group reduced its combined ratio from previous years’ ruinous levels, helped by lower catastrophe losses, and its reinsurance strategy. 4 November 2019
Insurance
David Putz has joined insurance brokerage Brown & Brown as executive vice president of Arrowhead General Insurance Agency and a leader with Brown & Brown’s national programs division. 4 November 2019
Insurance
Gross written premiums for property and casualty insurance holding company United Insurance Holdings have increased by $21.3 million, or 7.2 percent, to $317.2 million, for Q3 2019, from $295.9 million for Q3 2018. The company said this primarily reflected organic growth in new and renewal business generated in all regions. 4 November 2019
Insurance
Insured losses stemming from Typhoon Hagibis in Japan will be between $7 billion and $11 billion, according to catastrophe risk modelling company RMS. 4 November 2019
Insurance
Markel UK, the division of Markel International that provides insurance, tax and legal services for SMEs, has acquired Caunce O’Hara & Company Ltd, following regulatory approval from the FCA. 4 November 2019
Insurance
Reinsurance Group of America, a global provider of life reinsurance, has reported third quarter net income of $262.8 million down from $301.2 million reported for the prior-year quarter. 4 November 2019
Insurance
Specialist insurer Hiscox’s latest trading statement for the first nine months of 2019 shows that gross written premiums grew by 7.3 percent in constant currency to $3,212.6 million (2018: $3,044.6 million), with growth in every segment. 4 November 2019
Insurance
Berkshire Hathaway’s reinsurance division rebounded into profit in the third quarter, as premiums grew amid stronger demand. 4 November 2019
Insurance
The 16th Singapore International Reinsurance Conference (SIRC) concluded on Friday at the Sands Expo and Convention Centre. This year, the conference attracted a record number of over 1,100 delegates representing over 400 companies and 53 countries from the insurance, reinsurance and broking community. 4 November 2019
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