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Admin Re offloads US subsidiary to RGA
Swiss Re's Admin Re division has announced the sale of its closed life US subsidiary Aurora National Life Assurance Company to Reinsurance Group of America (RGA)
21 October 2014
AIR estimates $100mn-$400mn Hudhud insured loss range
Insured losses generated by Cyclone Hudhud are estimated to range from $100mn to $400mn, cat modelling firm AIR Worldwide said today (21 October).
21 October 2014
Travelers Q3 results strongly beat consensus
US P&C bellwether Travelers has posted a solid set of third quarter results, with operating earnings of $2.61 per share easily beating the Wall Street consensus of $2.28 and net income rising 6.4 percent year-on-year to $919mn
21 October 2014
St Bernard pondering Lloyd’s start-up
Motor platform and reinsurer St Bernard is still targeting an entry into Lloyd's following founder Mark Byrne's ill-fated attempt to buy Sportscover's managing agency.
21 October 2014
Canopius makes Singapore engineering hire
Canopius Group has appointed Ching Hong Onn as regional engineering underwriter for its Singapore platform with immediate effect, reporting to Linus Phoon, chief executive of Canopius Asia
21 October 2014
Compre re-hires Eilers as HIR supervisory chair
Compre Holdings has appointed German industry veteran Dr Wolfgang Eilers to chair the supervisory board of Hamburger Internationale Rück (HIR), which the independent (re)insurance legacy specialist acquired from Tawa plc in August this year
21 October 2014
Besso needs new backer: BP Marsh
Independent broker Besso has reached a point where it needs a new financial backer to support growth, according to major investor Brian Marsh
21 October 2014
Employers’ liability covers exposed to Ebola: Marsh
Compulsory employers' liability (EL) policies do not exclude losses relating to Ebola, global broker Marsh has said.
21 October 2014
Wholesale drives Brown & Brown to 2.9% organic growth
US broker Brown & Brown reported organic revenue growth of 2.9 percent for the third quarter driven by a strong performance in its wholesale division.
21 October 2014
Reinsurance centralisation is a ‘one-way ticket’
The trend for large insurance companies to restructure their reinsurance spend by managing it centrally is a permanent industry feature that reinsurers must swiftly adapt to, delegates at the Guy Carpenter Baden-Baden symposium heard yesterday (19 October).
20 October 2014
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