Reinsurance
VIG Re sees profit jump 17.8% in 2012
VIG Re reports, the reinsurance arm of Austria’s Vienna Insurance Group a 17.8% increase in pre-tax profit to €24.3m, for 2012
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Market Moves: Bollington and Miller help keep brokers at the top of the recruitment table
It was a quiet week for insurers as the broking sector once again dominated the recruitment landscape. There were notable hires not just at Bollington, but also at Miller where a pair of placement specialists joined the expanding team. The Lloyd’s market…
Post magazine – 4 April 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Market losses support improvements to flood and windstorm database
Catastrophe insurance data provider Perils has updated the property sums insured exposed to UK flood as part of an update to its Europe Industry Exposure Database.
Outlook for reinsurers challenging, says Willis Re
$35bn of capital flowing into the reinsurance industry is helping keep reinsurance renewal prices low says Willis Re in its latest report.
Munich Re to develop geothermal exploration insurance in Turkey
Munich Re and The World Bank’s International Financial Corporation have agreed to develop geothermal exploration risk insurance in Turkey.
Post magazine – 28 March 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Savage upbeat on motor market outlook
Lloyd's finance director said the UK motor insurance market is "over the worst of the soft cycle" and has expressed confidence that upcoming government reforms will further improve the sector's outlook.
Lloyd's profit hits £2.8bn after lower cat losses
Lloyd's has reported a 2012 pre-tax profit of £2.77bn following a loss of £516m in 2011.
Willis Re rings the changes in Australia
Leadership team at Willis Re in Australia changes as Michael Harden steps up from CEO to become chairman.
Miller bolsters reinsurance and corporate teams with double hire
Miller has added further to its reinsurance team with the addition of brokers from JLT Re and Gibbs Hartley Cooper.
Argenta recruits Hardy claims head for syndicate role
Argenta has recruited Hardy’s claims boss to serve as its own head of claims and reinsurance at its Lloyd’s syndicate from 2 April.
CCR net profit surges despite €55m Thai flood loss
State owned French reinsurer CCR posted net profit of €242.3m for 2012, up from €119.4m 2011.
Reports and consultancy solutions
Post Intelligence publishes off-the-shelf benchmarking industry reports, bespoke consulting solutions and company reports which are a new joint venture between Post and Brook Intelligence Centre. Recent products include the Loss Adjusters Insight Report…
Post magazine – 21 March 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Market Moves: Big names Sime and Giles among this week's notable departures
There were high-profile changes within both the insurer and broking arenas this week – with two significant moves involving senior figures at major organisations. At RSA, long-serving employee Chris Sime revealed his decision to walk away from his…
Miller recruits reinsurance specialist
Non-marine retrocession production and placement specialist Kevin Gill has joined Miller.
Canopius relaunches Bermuda business
Canopius has completed the integration of Omega’s Bermudian operation, rebranding the business as Canopius Reinsurance.
Pakistan ponders terrorism insurance pool
Pakistan Re is in talks with the Securities Exchange Commission of Pakistan over providing terrorism reinsurance cover.
Lancashire names Redhead as capital management boss
Bermuda-based insurer and reinsurer Lancashire Holdings has named Darren Redhead as head of it’s capital management division.
Munich Re expects €3bn profit in 2013
Reinsurer Munich Re is expecting profits of €3bn for 2013 compared to €3.2bn in 2012.
Canopius to sell off Bermuda operation
Canopius has entered into definitive agreements to sell all of its shares in Canopius Bermuda to institutional investors.
Biba and Willis back social media site
Social media platform My Slipcase has signed up members from 342 insurance and reinsurance organisations since it launched nine months ago.