News

Insurance

Generali takes hit on RU-UA positions; had boasted €683m investments pre-war

A minority stake in Russian insurer is permanently impaired; investment assets down 74%.   15 March 2022

Insurance

Talanx hikes large-loss budget as it eyes 'new nat cat reality’

Talanx sees large losses at 6.6% of NEP after overshooting budget by 16% in 2021.   14 March 2022

Insurance

Marsh McLennan taps insider to take c-suite legal & compliance post

The move follows the predecessor taking a key government role.   14 March 2022

Insurance

Global broker WTW exits Russia, hands the keys to local managers

The existing team will operate independently in the Russian market.   14 March 2022

Insurance

SCOR forced to delay new strategy as Russian hostilities create ‘wide-ranging’ uncertainties

The reinsurer's last strategy ran only through end-2021.   11 March 2022

Insurance

Marsh McLennan to exit Russia in wake of ‘unprovoked attack’ on Ukraine

MMC is the latest to join a rundown of companies cutting their investments and pulling out of Russia.   10 March 2022

Insurance

Hannover Re sees rates on rise through 2022 renewals, could benefit from increased ‘flight to quality’

But Japanese nat cat rates have risen too far for too long to hold double-digit pace.   10 March 2022

Insurance

Marsh beefs up international division leadership

The broker has made new senior appointments to boost its international Affinity business.   9 March 2022

Insurance

UK ban on insuring Russian clients will target all financial flows on new & existing business: PRA

The aim is to completely cut off the Russian financial system; collateral damage believed to be ‘manageable’.   8 March 2022

Insurance

VIG employees sheltering 15% of Ukrainian workforce abroad, chiefly in Poland

VIG took over €100 million in GWP from three Ukrainian units in 2021.   8 March 2022

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