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Pool Re confirms approval request for UK Treasury’s proposals
The board of UK state-backed terrorism vehicle Pool Re has confirmed it contacted members yesterday (5 November) to advise them to approve proposals made by the Treasury to amend the retrocession agreement
06 November 2014
Munich Re on course to pip EUR3bn target as Q3 profits rise 17%
Munich Re is on track to "slightly exceed" its EUR3bn earnings target for 2014, after lower-than-expected catastrophes helped to boost third quarter profits by 17 percent.
06 November 2014
Beazley: GWP flat as renewals down slightly
UK-listed Lloyd's carrier Beazley reported stable written premiums for the third quarter of 2014, but overall renewal rates fell by 1 percent, demonstrating the increased competition in the market place.
06 November 2014
Scor P&C posts 91.6 percent combined ratio for nine months
Paris-headquartered Scor continues to defy the worst headwinds of the soft market with an improved combined ratio in its P&C operations for the first nine months of the year and the reiteration of its full year business targets.
06 November 2014
Pool Re recommends fivefold retro price hike in return for reforms
UK state-backed terrorism vehicle, Pool Re has recommended its members accept a new deal with the UK Government under which its retro costs will increase fivefold, The Insurance Insider has learned.
Mark Geoghegan
,
06 November 2014
Markel operating profits climb 8%
Specialty (re)insurer Markel Corp reported operating profits up 8 percent to $133.1mn for the third quarter and a combined ratio that was a point higher at 97 percent.
David Bull
,
06 November 2014
US commercial insurance rates slow with jumbo accounts renewing flat: MarketScout
US commercial P&C insurance rate rises slowed back to 1 percent in October, according to MarketScout's latest survey on the sector.
David Bull
,
06 November 2014
UK Government teams up with insurers to develop cyber market
The UK Government and 14 firms from the insurance sector have teamed up to develop the UK's cyber insurance market in order to improve cyber security in businesses.
05 November 2014
Lloyd’s hires first country manager in Dubai
Lloyd’s has appointed Mark Cooper as its first country manager in Dubai, the market announced today (5 November).
Winifred Okocha
,
05 November 2014
Scott victory is good for Florida insurers: KBW
Republican Rick Scott fought off Democrat candidate Charlie Crist's bid to return as Florida governor yesterday (4 November), in a result that is likely to be viewed with relief by the state's private (re)insurance industry
05 November 2014
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