Protection and indemnity (P&I) mutual Skuld's bottom line increased by 400 percent in the first nine months of 2015, driven by new member funds and favourable reserve development
Global P&C stocks closed down 3.5 percent on Friday (11 December), but the sector avoided the brunt of a downturn that has heavily impacted indices on both sides of the Atlantic following a crash in the global oil price.
A former insurance executive has been jailed for 37 years and ordered to pay $137mn after he hid the failure of his business from regulators in an elaborate fraud that eventually saw him threaten a US judge.
American International Group (AIG) missed an opportunity to radically improve its operations with its latest round of management cuts, Barclays analyst Jay Gelb has said.
Premium income growth generated by emerging market economies slowed to 5.6 percent this year on a projected basis, down from 6.3 percent in 2014, according to a study by Swiss Re
