emerging markets News

European Insurance Forum Examines a Changing World

With the long journey towards a unified regulatory system for insurance in the European Union – Solvency II – finally appearing to be near its end, the re/insurance industry has realized that even greater challenges need to be addressed – …

A.M. Best: Middle Eastern Insurance Market Primed for M&As, Stakebuilding

Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy shareholders’ expectations, according to a briefing issued by A.M. …

Old Mutual Q1 Sales Rise 18% on Growth in Emerging Markets Business

Old Mutual plc, the London-based insurer, said first-quarter sales gained 18 percent as revenue from operations in Africa jumped by a third. Gross sales increased to 7.3 billion pounds ($11.5 billion), from 6.3 billion pounds a year earlier, Old Mutual said in a …

Old Mutual’s Full-Year Profit Falls 8% on Currency Fluctuations

Old Mutual plc, Africa’s biggest insurer, said 2014 profit fell after the average rate of the South African rand weakened 18 percent against the pound. Net income from continuing operations declined to 902 million pounds ($1.39 billion) from 980 million pounds …

Africa Provides Insurers With New Business Opportunities

Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog Investments. “We’re at an immense inflection point in history where millions of people …

Aon Benfield’s COO Explains How He Implements a Complex Strategy

Aon Benfield’s COO Michael Moran shares Chicago roots with Aon and a lot more as he oversees the implementation of the strategy for its $30 billion a year reinsurance division. He discussed just what that entails in an interview at …

Swiss Re’s Chief Economist Analyzes a Difficult Reinsurance Market

Over the past 13 years Swiss Re’s Chief Economist, Kurt Karl has been through a succession of reinsurance market ups and downs, but the current situation is somewhat new, and, as he told the IJ at the Reinsurance Rendezvous, it …

Catlin’s COO Explains Group’s Focus on Relevance with Clients to Drive Growth

The Catlin Group’s roots go deep into the Lloyd’s market where it was formed 30 years ago. But Catlin has since become one of the most innovative companies in the global insurance hierarchy with offices in more than 50 cities …

S&P Report Urges ‘Disaster Resilience’ with Governments for Reinsurers’ Growth

Standard & Poor’s Rating Services announced the publication of its “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. S&P described the report as providing “a detailed perspective on the market, focusing on the competitive pressures that …

Best Finds Gulf Growth Outpacing Developed and Other Emerging Markets

A new report from A.M. Best concludes that “growth rates in the insurance markets of Gulf Cooperation Council (GCC) countries remain higher than those of developed markets and have kept pace with those of some key emerging markets. The GCC …