Reinsurance
City Minister on why the government is supporting insurance as the engine of the economy
City Minister John Glen is confident the new UK framework for insurance linked securities will help the market grow.
Munich Re to cut 900 jobs as reinsurer targets profits surge in 2018
Munich Re is to axe 900 jobs as part of cost saving efforts in its reinsurance business.
Former Integro bosses to launch London market platform for Beach
Former Integro bosses John Sutton and Toby Humphreys have been appointed to lead a specialty and wholesale platform at broker Beach.
Burford Capital to set up insurance company in Guernsey
Investment management firm Burford Capital has received outline approval to set up an insurance company in Guernsey.
Esure broadened risk appetite to spur motor growth, says Ogden
Esure has been able to grow its motor book substantially over the past three years as a result of a more relaxed risk appetite.
Alpha Insurance in liquidation, blames CBL
Alpha Insurance has placed itself into solvent liquidation as a “direct consequence” of the failure of CBL Insurance.
Axa can do what Catlin could not: XL CEO
An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.
Hastings confident of continued growth following strong results
Hastings is confident it will reach three million customers during 2019 following strong 2017 results.
JLT’s ‘chequebook open’ to European acquisitions following strong results
JLT is open to targeting bolt-on acquisitions in Europe following the group’s strong 2017 results.
QBE Europe took £109m Ogden hit in 2017
QBE Europe’s 2017 combined operating ratio deteriorated to 99.6% as a result of a £109m impact from the Ogden discount rate.
Softbank reported to be eyeing up stake in Swiss Re
Japanese tech-to-financial conglomerate SoftBank is exploring the possibility of taking a $10bn stake in reinsurer Swiss Re, reports suggest.
R&Q completes reinsurance to close legacy deal
Randall and Quilter has completed a deal to become the capital backer of Syndicate 3334’s 2014 and prior years of account.
Swiss Re completes public share buy-back programme
Swiss Re has completed its 2017 public share buy-back programme.
Axis reports GWP boost despite underwriting loss
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Brit’s Versutus sidecar expands to $187m
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Euler Hermes names three top board positions
Trade credit insurer Euler Hermes has named its new chief financial officer, chief operating officer, and head of market management.
‘Tidal wave’ of alternative capital to disrupt reinsurance market: Aon CEO
Reinsurance renewal rates were beaten down on 1 January by alternative capital markets, Aon Benfield’s CEO said, warning they are poised to be a major disrupter against traditional reinsurance in future.
Hurricanes put Zurich's P&C segment in the red
Nat cats pushed Zurich’s property & casualty segment into the red last year, as hurricanes Harvey Irma and Maria saw the insurer report a 100.9% combined operating ratio for P&C.
Analysis: Lloyd's taking the Asian bull by the horns
Lloyd's and the London market are trying to win back their market shares in Asia, as the region is experiencing the world's most dynamic growth for the insurance industry.
Generali completes sale of Dutch subsidiary
Generali has completed the sale of its entire shareholding in Generali Nederland to ASR Nederland.
Nat cats hammer Munich Re's full year results
Natural catastrophe losses saw Munich Re’s property-casualty reinsurance segment report a €476m (£422.7m) loss for 2017.
This month in Post: Renewals, rates and redundancies
The year started with an executive merry-go-round but this week proved that less senior people were also liable to redundancy, as it was revealed that a total of 480 jobs are at risk as a result of the LV/Allianz deal.
Marsh and McLennan see revenue up 6% at full year
Marsh and McLennan Companies has reported a 6% boost in full year revenue.
Analysis: Markerstudy's turbulent year
Last month, Qatar Re signed a deal to buy Markerstudy’s Gibraltar-based insurance companies after year-long rumours of a sale had only started to die down