Re/Insurers May Be Entering Reserving ‘Danger Phase’: JLT Re Execs September 14, 2016 By L.S. Howard Re/insurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss...
Towergate Creates London Underwriting Unit; Leathem Named Director September 14, 2016 Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting....
Big Reinsurers Pin Profit Hopes on Tailoring Coverages to Specific Risks September 14, 2016 By Oliver Suess and Jan-Henrik Foerster In a world of increasing automation and standardization, Europe’s big reinsurers are betting that a more personal touch can reverse...
Argentina Looks to Lower Workplace Injury Costs September 14, 2016 By Charlie Devereux Argentina is preparing a new workplace injury law as it seeks to reduce costs for companies, some of which spend...
Aon: Global Reinsurer Capital Hits Record $585B September 13, 2016 Total global reinsurer capital, which comprises capital both from the traditional and alternative markets, rose by four percent to a...
UK Auto Insurer Esure to Spin Off Gocompare.com Unit September 13, 2016 By Sarah Jones Esure Group Plc climbed to the highest since June 30 after the U.K. automotive insurer announced a plan to demerge...
Cat-Insurance Data Provider PERILS Expands Into Australia September 13, 2016 PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include Australia. PERILS now...
Samsung Blames Minor Battery Defect for Galaxy Note 7 Smartphone Recall September 13, 2016 By Yoolim Lee and Sohee Kim Samsung Electronics Co. blamed a minor battery manufacturing flaw for prompting a global recall of its Galaxy Note 7 smartphones...
Hiscox Expansion of ILS Activity Includes New Collaterized Capability, Rebranding September 13, 2016 Insurer Hiscox said it is building a collateralized reinsurance insurance linked securities (ILS) capability for launch on January 1, 2017,...
R&Q Acquires Royal London General Insurance in Run-Off September 13, 2016 Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company...