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(Re)insurance stocks recover after jarring H1

The stock performance of global reinsurers, Lloyd's carriers and Bermudian carriers was tumultuous in the first two quarters of 2016 but has returned to steady growth so far in the third quarter

Iulia Ciutina, 22 September 2016
ACR secures approval for Korean branch

Asia Capital Re (ACR) has opened a branch office in Seoul, South Korea, after the country's regulator granted approval, the Singapore-based reinsurer said today

Catrin Shi, 22 September 2016
Lloyd's profits up on bond yields and FX gain

Lloyd's reported a 22.4 percent increase in aggregate market profits to £1.46bn ($1.90bn) for the first six months of the year, as foreign exchange and bond yield gains more than counterbalanced significantly weaker underwriting performance

Adam McNestrie, 22 September 2016
Chubb’s James joins AIG as reinsurance buyer

Former Chubb reinsurance buyer Mark James has joined AIG in a senior ceded risk role, The Insurance Insider can reveal.

Adam McNestrie, 21 September 2016
Trade bodies rally round covered agreement talks

Several (re)insurance associations have reiterated their support for upcoming talks between the US Treasury and the European Union over a covered agreement.

Winifred Okocha, 21 September 2016
The Hartford’s Talcott could fetch $4bn: Credit Suisse

The Hartford could bank between $3bn and $4bn at a conservative estimate if it elects to sell its run-off variable annuity business Talcott Resolution, Credit Suisse analyst Ryan Tunis has said.

Dan Ascher, 21 September 2016
FCA big data probe finds customers could be short-changed

The UK's Financial Conduct Authority (FCA) has warned that insurers' use of big data could leave some customers unable to obtain affordable insurance.

Winifred Okocha, 21 September 2016
Unipol Re CEO pegs Italian quake losses at EUR70mn

Unipol Re CEO Marco Sordoni has estimated that insured losses from the Italian earthquake in August will amount to just EUR70mn ($78mn)

Catrin Shi, 21 September 2016
Brit appoints new head of claims

Sheel Sawhney, chief operating officer for Brit Global Specialty USA, has relocated to London to become group head of claims for Brit Insurance

Charlie Thomas, 21 September 2016
Markel International boosts contingency team

Markel International has hired a trio from Travelers to bolster its entertainment and contingency team, The Insurance Insider can reveal

Charlie Thomas, 21 September 2016

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