Reinsurance
Amlin profits hit by reduced reserve releases and investment return
A combination of condensed reserve releases and a dip in investment return last year has been blamed for a £67m fall in profit before tax at Amlin.
Lloyd's recruits Asia-Pacific broker head
Lloyd's has appointed Chris Rummery in a newly created role - senior market development manager for Asia-Pacific.
China's solvency regime to provide mixed blessings for reinsurers, says Peak Re
Hong Kong-based reinsurer Peak Re believes new risk solvency regime will modernise China's market after an initial period of pain for insurers.
Willis lines up 49% stake in India's Almondz
Willis has agreed to purchase a 49% stake in Almondz Insurance Brokers subject to the Indian foreign investment cap being increased by Parliament.
Guy Carpenter looks to Willis for analytics head
Matthew Eagle has been appointed international analytics head for Marsh reinsurance arm Guy Carpenter.
Brit to operate on 'decentralised basis', says Fairfax CEO
Fairfax Finance CEO and chairman Prem Watsa has hailed Brit's "outstanding" 10 year track record Following the firm's 305p a share offer for the insurer.
Suncorp's reinsurance "issue" could cost £60m
Australian financial services group Suncorp has been advised there is a potential issue with its recovery of catastrophe losses from its 2011 reinsurance programme.
Profits rise at Aspen as COR heads south
Aspen Insurance Holdings recorded a year-on-year improvement in net income after tax to $355.8m (£232.4m) for the year ending 31 December 2014, compared to $329.3m in 2013.
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
Markel to offer reinsurance on Lloyd's China platform
Markel International is to offer treaty and facultative reinsurance on Markel's Syndicate 3000 at the Lloyd's China platform in Shanghai.
Munich Re's profits fell 3% in 2014
Reinsurance giant Munch Re's chief financial officer heralds 'robust earnings strength' despite a fall in profits for 2014 and a drop in property and casualty volume at renewals.
Peak Re hires Barclays M&A specialist
Hong Kong based reinsurer Peak Re appears to be on the look out for acquisitions with new recruit.
India's Insurance Bill could open door for Lloyd's
Lloyd's is keen for India's long awaited Insurance Bill to be ratified by Parliament.
Miranthis steps down as Partner Re's CEO
As a result of the proposed $11bn (£7.3bn) merger of Axis Capital and Partner Re, Partner Re's CEO Costas Miranthis has stepped down after four years in charge.
Axis Capital and Partner Re agree £7.3bn merger
Axis Capital and Partner Re have agreed terms on a £7.3bn ($11bn) merger to create one of the largest reinsurers in the world.
Brokers, insurers and reinsurers unite for microinsurance push
Nine brokers, insurers and reinsurers are combining in an attempt to add scale and reduce distribution costs of microinsurance.
Less motor emphasis will help spur China premiums, says Swiss Re
China's target of 5% insurance GDP penetration is achievable despite its ambitious target of doubling per capita premiums.
Capsicum looks to Guy Carpenter for partner hire
Guy Carpenter Facultative UK property and energy head Malcolm Payton is to join Capsicum Re as a partner and head of its facultative reinsurance division.
Emerging Asia's premiums grew 12.7% in 2014, says Swiss Re
General insurance premiums in Asia grew 6.6% when stripping out inflation in 2014 according to reinsurance giant Swiss Re with emerging Asia leading the way.
RMS partners with China Re's Lloyd's venture
Risk modeling firm RMS will support China Re’s Syndicate 2088 the first Chinese direct investment into Lloyd’s.
RGA introduces COO role for Asia
Global health and life reinsurer the Reinsurance Group of America has made several senior management changes in Asia.
Evidence for reinsurance reforms expected to centre around regulation and tax
The cost of regulation, tax and immigration are the themes expected to come under the microscope following a plea for evidence on potential reinsurance reforms by City minister Andrea Leadsom MP.
Partner Re obtains Singapore license
Reinsurer Partner Re has been granted a life and non-life license in Singapore by the Monetary Authority of Singapore.
Guy Carpenter boss predicts further shrinkage in reinsurance buying pool
The reinsurance buying pool is likely to continue its ten year reduction, according to Guy Carpenter EMEA operations CEO Nick Frankland, who has called for perspective in relation to falling renewal rates.