2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter February 26, 2015 Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review....
Hong Kong-Based AIA Group Beats Estimates With 22% Jump in Profit February 26, 2015 By Bei Hu AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a bigger-than-expected 22 percent increase in full-year profit, led...
Global Atlantic Appoints Cai as Chief Risk Officer February 26, 2015 Bermuda-based Global Atlantic Financial Group Limited has appointed Peter Cai, Ph.D., as Chief Risk Officer (CRO). A move, which the...
RSA’s Restores 2014 Profit and Dividend; CFO Plans to Step Down February 26, 2015 By Sarah Jones RSA Insurance Group plc reported its first full-year profit since Stephen Hester took charge, restoring dividends after a string of...
Canada’s New Rules Could Charge Railways that Cause Forest Fires February 26, 2015 By Allison Martell Canada’s new rail safety legislation would make it possible for governments to recover costs from railways for any fire they...
Allianz Profit Drops as Gross’ Exit Spurs PIMCO Asset Outflows February 26, 2015 By Oliver Suess Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co....
Brit Chief Says Excess Capital Will Spark More Mergers & Acquisitions February 26, 2015 By Sarah Jones Brit plc Chief Executive Officer Mark Cloutier said an excess of insurance industry capital will force more executives to sell...
1st Cayman Portfolio Insurance Company Formed by Ascension Insurance February 25, 2015 The first portfolio insurance company (PIC) has been formed in the Cayman Islands, as a direct result of new insurance...
Willis Signs Indian Market Joint Venture with Almondz Insurance Brokers February 25, 2015 Willis Group Holdings plc announced that it has agreed to purchase a 49 percent stake in Almondz Insurance Brokers Private...
Platinum’s Ratings Remain on CW Positive Pending RenRe Acquisition: S&P February 25, 2015 Standard & Poor’s Ratings Services has maintained its ‘BBB’ long-term counterparty credit rating on Bermuda-based Platinum Underwriters Holdings Ltd. on...