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Aggregate catastrophe recoveries drop at QBE

Australian (re)insurer QBE recovered fewer catastrophe claims under its global aggregate reinsurance programme in the first half of 2016 than in the same period last year.

Fiona Robertson, 17 August 2016
Sirius adds independent directors

China Minsheng Investment (CMI) subsidiary Sirius has appointed Robert Friedman and Meyer Frucher to its board as independent directors, the company announced yesterday.

Matthew Neill, 17 August 2016
Icahn hopeful of further AIG sales

Activist investor Carl Icahn has said he hopes AIG will continue to divest assets following its $3.4bn sale of mortgage insurer United Guaranty Corporation (UGC) earlier this week (15 August).

Matthew Neill, 17 August 2016
QBE flags data quality issue at broker facilities

Richard Pryce, CEO of QBE European Operations, has highlighted his concerns over the quality of data entry at a number of broker facilities.

Charlie Thomas, 17 August 2016
Neon hires political violence head

Neon has appointed Gregg McPhee to the newly created role of head of political violence.

Catrin Shi, 17 August 2016
Admiral share price dives despite hitting forecasts

Shares in UK motor specialist Admiral fell more than 8 percent in early trading this morning, despite the carrier reporting a 3.9 percent increase in its first-half group pre-tax profits to £193.3mn ($250.3mn).

Winifred Okocha, 17 August 2016
AM Best releases new version of ILS ratings manual

AM Best has published an updated version of Best's Insurance-Linked Securities & Structures Methodology (BILSM) which outlines how the agency rates insurance-linked securities and structures.

17 August 2016
Sompo Canopius hires Asia heavyweight Newman

Sompo Canopius has made a statement of intent in Asia with the hire of Catlin alumnus Mark Newman as CEO of its Asia Pacific, Middle East and North Africa business.

Catrin Shi, 17 August 2016
Iordanou to hand CEO role to Grandisson in 2018

Arch chairman and CEO Dinos Iordanou will step down in March 2018, he announced yesterday.

Catrin Shi, 17 August 2016
QBE sees profits almost halve in H1

Australia-headquartered insurer QBE recorded a 41.7 percent fall in pre-tax profits for the first half of the year, taking the total to $347mn.

Charlie Thomas, 17 August 2016

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