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Chubb names Singapore financial lines head

Johannes Gschossmann has been appointed as Chubb's head of financial lines in Singapore, the carrier announced today

Charlie Thomas, 22 August 2017
Zurich to reduce HQ headcount by 200

Zurich is to cut 200 jobs from its Swiss headquarters as part of the firm's wide-ranging cost cutting initiative, according to a report from finews.ch

Catrin Shi, 22 August 2017
Reinsurers face Narragansett-Heritage spending cut

Insurance-linked securities (ILS) managers and reinsurers for Florida insurer Heritage and northeast US specialist Narragansett Bay are facing a reduction in spending by the companies following their anticipated merger next year.

Fiona Robertson, 22 August 2017
City National touts ILW fund

City National Bank subsidiary City National Rochdale has started marketing a new fund that will seek investments related to industry loss warranties (ILWs).

Sofia Geraghty, 22 August 2017
Markel Catco evades H1 losses as return dips

Markel Catco escaped significant losses in the first half of the year to provide a 3.94 percent return for ordinary shareholders in the Catco Reinsurance Opportunities Fund, the company said in an interim financial report.

Lucy Jones, 22 August 2017
Global reinsurers’ combined ratios improve in Q2

Underwriting margins widened in global reinsurers' P&C reinsurance divisions in the second quarter of 2017, as a benign level of catastrophe losses relaxed combined ratios.

Iulia Ciutina, 22 August 2017
Global reinsurers post divergent Q2 top line movements

The Insurance Insider's group of global reinsurers posted contrasting top line strategies for their P&C reinsurance divisions in the second quarter, as some chose to scale back their exposure while others found growth opportunities.

Iulia Ciutina, 22 August 2017
US commercial rates soften faster despite auto hikes

In the second quarter US commercial auto rates registered their highest rate increase since they started hardening in 2011.

David Bull, 22 August 2017
Pressure growing on mortgage re returns: S&P

Robust risk management frameworks will be vital for reinsurers writing mortgage risk transferred by Freddie Mac and Fannie Mae, as returns on the business come under pressure in the coming years, according to S&P Global.

David Bull, 22 August 2017
Hub valued at up to 14x Ebitda

Hub International may be worth more than 14x Ebitda if a report suggesting the US broking giant could carry a hefty $7bn price tag is to be believed.

Dan Ascher, 22 August 2017

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