Reinsurance
Low interest rates and claims inflation hitting profits, warns Munich Re
The impact of persistently low interest rates on investments and the growing risk of inflation for severe bodily injury claims are cause for concern for the insurance industry, Munich Re has warned.
Swiss Re unveils senior appointments
John Dacey, Swiss Re's head of group strategy and strategic investments, is to join the group executive committee from 1 November.
'Confident' JLT eyes international employee benefits expansion
Jardine Lloyd Thompson is "well positioned to deliver sustainable growth" and will continue with plans to develop its employee benefits business in 2012, according to the broker's interim management statement.
JLT Re makes additions to CEE team
JLT Re has expanded its team serving Central and Eastern Europe with the addition of Sergey Grazhdankin and Edmond Wodehouse as partners.
Lloyd's gains from best first half in five years
Lloyd's has recorded its best first-half results for five years, according to figures from Aon Benfield, reporting a pre-tax profit of £1.5bn for the first six months of 2012.
Aon to rival Marsh's Project Noah to fill SoP flood insurance gap
Aon Benfield has become the latest company to offer a potential solution to fill the flood insurance gap left by the expiration of the Statement of Principles in June 2013.
Liability insurance lines growing faster than global economy
Commercial insurance premiums in emerging markets have grown by an average of 14% a year in the past decade, two to three times faster than in developed markets.
Risk managers urged to heed climate change
The human impact on the environment has been a major factor in a quintupling of weather-related loss events in North America during the past three decades, according to Munich Re.
JLT Re expands CEE expertise by adding two partners
JLT Reinsurance has demonstrated a continued focus on expanding capabilities in central and eastern Europe with the appointment of two new members to its non-marine team in the region.
Xchanging unveils Xuber brand
Xchanging has upgraded the tools and products in its insurance software operation, which will now operate under the name Xuber, following £20m of investment by the group.
Insuralex elects New York member
International lawyers group Insuralex has added New York practice Kissel Hirsch & Wilmer to its members.
QBE shuts Reading office amid restructure
QBE is closing its Reading office as part of a reorganisation of the firm's south of England operations.
Renewable energy broker Renewable Risk Advisors launches
A new renewable energy broker has opened for business in the UK to give clients a more "bespoke" level of service.
Howden launches Brazil operation
Hyperion subsidiary Howden Broking is to enter the Brazilian market after acquiring a 51% stake in Conset Seguros.
Brit hires new chief financial officer
Brit Insurance has appointed Andrew Baddeley as chief financial officer, replacing Scott Egan who left the business in April to join Towergate as group CFO.
Lloyd's Vision 2025: Building an empire
The Lloyd's market is in bullish mood as it plots global domination with the Vision 2025 plan.
Global insurance federation vows advocacy role
Thirty-one insurance associations representing 87% of the worldwide insurance business formally established the Global Federation of Insurance Associations today.
Chinese market must target sustainable growth
After a period of rapid expansion, the Chinese insurance market must adjust for sustainable and healthy growth, according to a report by AM Best.
Catlin names chief science officer
Catlin has appointed Michael Maran as chief science officer.
Swiss Re CIO to step down
Chief investment officer David Blumer is to depart Swiss Re on 1 November.
Miller opens Paris base
Miller Insurance Services has opened an office in Paris with a view to increasing its reinsurance presence in Europe.
Miller opens Paris office
Specialist broker Miller has opened an office in Paris in a bid to increase its reinsurance presence in Europe.
Blumer to exit Swiss Re
Swiss Re's chief investment officer, David Blumer, will leave the company in November, a statement on the firm's website revealed today.
Economic loss from Asia flooding nears $8bn
Flooding in Asia, and particularly China, has generated economic losses of more than $7.5bn, according to Aon Benfield.