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  • The Florida Hurricane Catastrophe Fund (FHCF) appears to have shelved plans to buy up to $1.5bn of reinsurance cover for the 2014 hurricane season, sister publication Trading Risk has reported.
  • Global (re)insurance broker Willis has opened a representative office in Myanmar, the company announced today (20 March).
  • Recently sold Lloyd's carrier Canopius has reported a 26.6 percent return on average net tangible assets (Ronta) for 2013, comfortably besting the returns delivered by sector blue chips Beazley, Amlin and Hiscox.
  • RenaissanceRe chief executive Kevin O'Donnell has said his organisation is agnostic over different forms and sources of capital and that the reinsurance industry should learn to evaluate the sale of reinsurance and the provision of debt or equity finance alongside one another.
  • Munich Re, the world's biggest reinsurer, on Thursday (20 March) launched a EUR 1bn ($1.39bn) share buyback programme and said it expected its profit to fall 9 percent this year due to a higher tax burden and weaker investment income.
  • UK Chancellor George Osborne today (19 March) announced £140mn of new funding for repairing and maintaining flood defences as part of the 2014 Budget.
  • Scor Global P&C CEO Victor Peignet has warned that the energy market's premium pot is not growing fast enough to satisfy the demand for peak risk capacity on mega-energy projects.
  • Shares in UK life insurers plummeted today (19 March) after the country's finance minister unexpectedly scrapped rules obliging pensioners to spend a portion of their retirement savings on annuities.
  • Nick Prettejohn, the former Lloyd's of London CEO who stepped down from the board of the UK's Prudential Regulation Authority (PRA) earlier this month, is to join Lloyds Banking Group as a non-executive director, the Financial Times reported today (19 March).
  • A UK group representing the lesbian, gay, bisexual and transgender (LGBT) community in the insurance industry has warned of the danger of unconscious bias influencing underwriters in the London market.