Reinsurance
Ed names Wicks as non-marine reinsurance chair
Reinsurance, wholesale and specialty broker, Ed has appointed Ian Wicks as chairman of non-marine reinsurance.
Greenlight Re appoints Simon Burton as CEO
Specialist property and casualty reinsurer Greenlight Re has appointed Simon Burton as CEO.
Empty shells or letter boxes ‘not acceptable’ post-Brexit subsidiaries, EU regulator says
Insurers looking to set up a post-Brexit base in the European Union will need to ensure their relocation plans have the proper supervision, the chairman of the European insurance watchdog has said.
Gen Re boss appointed MD for Guy Carpenter Benelux
Hans van Oort has been appointed as the managing director of Guy Carpenter Benelux and will be responsible for leading the company’s presence in Belgium.
EU gets go ahead to sign covered agreement with US
The European Council has approved the signing of the covered agreement with the United States that would harmonise insurance and reinsurance regulation on both sides of the Atlantic.
This Week in Post: Manchester in our thoughts
The Manchester attack touched us all this week. Because we might live or work in the city. Because we might have visited recently. Or because we have, you know, a heart.
Pool Re will respond to Manchester attack as ‘quickly as possible’
Pool Re will work with its members to resolve any claim arising from the suicide bomb attack in Manchester, the terrorism reinsurance fund has said.
Solvency II ratios not comparable across EU and won't be used in ratings, says AM Best
Solvency II ratios will not be comparable across the European Union and will not be used in rating assessments, according to AM Best.
Running off captives in Luxembourg: How to recover the equalisation reserve
A treasure awaits those holding the keys for unlocking Luxembourg’s main assets within the insurance industry. According to the regulator’s latest annual report, reinsurers have built up €9.3bn (£7.8bn) in equalisation reserves in the country.
Insurtech start-up Sherpa partners with Gen Re to offer tailored policies
Insurtech start-up Sherpa has partnered with Gen Re in order to provide tailored risk coverage scores personal lines insurance policies.
London failing to stem reinsurance decline, says LMG
The London market is losing ground as a global centre for reinsurance and faces significant challenges in emerging markets and diversity, according to the London Market Group
Reinsurance pricing won't turn this year, says Fitch
Reinsurance pricing is unlikely to change its course over the next year, with soft market conditions expected to continue and further pricing declines anticipated, according to Fitch Ratings.
Updated: Markerstudy flagged as credit risk on Biba Litmus Test
Markerstudy has been flagged up as a credit risk on a ‘litmus test’ of unrated insurers by the British Insurance Brokers’ Association.
Websure expands into North America
Reinsurance software provider Websure has expanded into North America with the opening of a US operation.
Strong investment results bolster Munich Re's Q1 profits
Munich Re saw a 28% rise in profit in the first quarter of 2017, up to €557m (£469.6m) from €436m for the same period in the previous year.
This month in Post: Awards, acquisitions and a new Act
It's been a challenging month here in Taunton. A new bridge has gone up on the main road, amid the gazes of many excited onlookers, and - equally exciting - a new fence is being erected on one side of my garden.
Swiss Re's Q1 profits hit by Cyclone Debbie
Swiss Re's first quarter 2017 after tax profits fell 53% compared with Q1 2016 to $656m (£511m) after a $350m hit from Cyclone Debbie.
In Depth: Insurtech gold rush
Reinsurers are injecting more money into start-ups to get a foothold in insurtech - and the disruptors are welcoming the investment from these flexible partners.
Axa transfers £600m historical liability book to Riverstone
Axa has started transferring its historical disease liability book of business to Riverstone.
Big Data practices 'will trickle down from health to GI'
Health insurers may be leading the way with data analytics but best practices will eventually trickle down to general insurance, the CEO of a health tech start-up said.
XL Catlin to participate in 30-month autonomous vehicle trial
XL Catlin is involved in a project that will trial a fleet of autonomous vehicles between Oxford and London alongside a consortium of partners.
Swiss Re establishes a regional legal entity in Singapore
Swiss Re has established a regional legal entity in Singapore for its reinsurance business unit in order to strengthen its "commitment to Asia".
Swiss Re estimates Debbie claims at $350m
Swiss Re has estimated its claims burden from Cyclone Debbie in Australia at around $350m (£278m).
'Business as usual' at Probitas despite owner Istmo's liquidation
Lloyd’s syndicate Probitas 1492 has stated it will continue to trade as usual following the appointment of liquidators at majority owner Istmo Re.