Report Challenges Eliminating Deductibility of Foreign Reinsurance Premiums February 19, 2015 A report from the Tax Foundation challenges recent tax proposals including the White House’s 2015 budget that call for provisions...
PERILS Puts Initial Loss Estimate for Windstorm Elon-Felix at $374 Million February 19, 2015 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced that its initial loss estimate of the insured...
ACE Launches Luxury Goods Practice for Continental Europe February 19, 2015 ACE Group announced the launch of a new luxury goods practice across Continental Europe. The launch of the practice follows...
Guy Carpenter Appoints Eagle as Head of International Analytics February 19, 2015 Guy Carpenter has appointed Matthew Eagle as managing director and head of international analytics. Eagle will be joining Guy Carpenter’s...
Swiss Re Plans $1.1 Billion Share Buyback; Q4 Net Income Hit February 19, 2015 By Oliver Suess Swiss Re AG, swimming in excess capital after several years of lower-than-expected disaster claims, plans to shift to share buybacks...
RSA Sells 26% Holding in India’s Royal Sundaram Alliance Insurance February 18, 2015 RSA Insurance Group plc announced that it agreed the sale of its 26 percent holding in Indian insurer Royal Sundaram...
Allianz’s El-Erian Cites ‘Illusion of Liquidity’ as Biggest Market Risk – CNBC February 18, 2015 Mohamed El-Erian, chief economic adviser at Allianz SE, said Tuesday that Ukraine and Greece are major market risks, but that...
Reinsurers’ Shopping Spree Won’t Slow Down Falling Rates – S&P Report February 18, 2015 In a recent report Standard & Poor’s Ratings Services said it anticipated further mergers and acquisitions in the global reinsurance...
A.M. Best: European (Re)Insurers Face Pressure Points; Ratings Are Stable February 18, 2015 The recent unveiling by the European Central Bank (ECB) of its large-scale sovereign bond buying program is just one of...
ING to Sell $1.2 Billion Stake in NN Group in Stock Offering February 18, 2015 By Kim McLaughlin ING Groep NV, the biggest Dutch financial services company, is cutting its stake in NN Group NV by selling shares...