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CIRC requests ‘measured pace’ to capital standard development

The China Insurance Regulatory Commission (CIRC) has called on the International Association of Insurance Supervisors (IAIS) to take an unhurried approach to creating a global insurance capital standard

Winifred Okocha, 27 July 2016
Mapfre Re grows top line in H1

Mapfre Re grew its non-life top line by 14.3 percent year-on-year to EUR1.9bn ($2.1bn) during the first half of 2016

Matthew Neill, 27 July 2016
Scor targets 25% US P&C weighting in 5 years

Scor is aiming for US-generated business to account for 25 percent of its global P&C portfolio in the next five years, according to Victor Peignet, CEO of Scor Global P&C

Catrin Shi, 27 July 2016
MAS approves China Re Singapore office

The Monetary Authority of Singapore has given approval for China Re to set up an office in the city state

Matthew Neill, 27 July 2016
Lloyd’s veteran Steele to retire

Gavin Steele, secretary to the Lloyd's Council and the Franchise Board, is to retire at the end of October, the Corporation has revealed

27 July 2016
Treasury Select Committee calls for FCA break-up

UK MPs have called for a review into the possible break-up of the Financial Conduct Authority (FCA), one of the country's two regulatory bodies

Winifred Okocha, 27 July 2016
US growth outlook ‘extremely attractive’: Burke

The opportunity to further expand in the US remains "extremely attractive" according to JLT group CEO Dominic Burke

Winifred Okocha, 27 July 2016
Lancashire Q2 profits slip as NEP falls

London-listed Lancashire saw its Q2 pre-tax profits slide by 18.9 percent year-on-year to $30.1mn, while its net operating profit fell 33 percent to $25.6mn.

Charlie Thomas, 27 July 2016
Scor Global P&C profit hit by heavy Q2 cat losses

Scor Global P&C's Q2 operating profit fell 47 percent to EUR103mn ($113mn), after the reinsurer suffered a 12 percentage point impact on its combined ratio due to the high level of natural catastrophes

Catrin Shi, 27 July 2016
Chubb beats consensus with $1.1bn profit

Newly merged Chubb has beaten Wall Street analysts’ $2.22 a share consensus forecast by reporting operating income of $1.06bn or $2.25 per share for the second quarter

Dan Ascher, 27 July 2016

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