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Reactions - Financial Intelligence for the Global Insurance Market

Financial Management

Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • May 2016

    AIG sells off more PICC P&C stock 02 May 2016

    AIG hopes to raise some $1.25bn after selling off more of its holding in Chinese carrier PICC P&C.

  • April 2016

    RGA's Q1 boosted by reduced US mortality 29 April 2016

    Reinsurance Group of America enjoyed a solid set of results after US mortality claims returned to a more moderate level during 2016's first quarter.

  • Aon has Q1 2% revenue drop 29 April 2016

    Both Aon’s Risk Solutions and HR Solutions business witnessed drops in revenue in the first quarter of 2016, with total revenue falling by 2%.

  • AJ Gallagher grows in Q1 29 April 2016

    Organic broking revenue at AJ Gallagher was 4.8% up in the first quarter.

  • Fairfax reports $51m Q1 net loss 29 April 2016

    A $160m investment loss in the first quarter of 2016 caused Toronto-based insurer Fairfax to report a $51m net loss.

  • Swiss Re Q1 profit drops to $1.2bn 29 April 2016

    The reinsurer showed a combined ratio of 93.3% in its property and casualty reinsurance business.

  • WCMA appoints new Hong Kong MD 28 April 2016

    Willis Towers Watson has appointed a new managing director of Hong Kong for its ILS arm Willis Capital Markets & Advisory.

  • WR Berkley Q1 combined ratio at 93.5% 27 April 2016

    Operating income grew 11% for WR Berkley in the first quarter of 2015, while catastrophe losses were consistent with previous first quarter experience.

  • Axis profit plummets in Q1 27 April 2016

    Investment losses hit Axis Capital’s results for the first quarter, while the firm increased its premium in insurance and reinsurance lines.

  • Aon launches new capital model platform 27 April 2016

    Capital modelling platform ReMetrica Version 7.0 has been launched by Aon Benfield.

  • Charles Taylor enters tech market 27 April 2016

    Launching Charles Taylor InsureTech, the loss adjuster, managing general agent and claims services firm said it wants to tap into the £90bn insurance technology market.

  • Scor profit slips to €170m in Q1 27 April 2016

    Parisian reinsurer Scor said it had excellent results for the first quarter, although net income slipped 3% from the €175m in the same period last year.

  • JLT announces £34m exceptional costs 26 April 2016

    JLT said it is on track to meet its targets for 2016, despite £34m in "exceptional costs", also announcing a number of board level changes.

  • Aspen posts $114m Q1 profit 22 April 2016

    Bermudian re/insurer Aspen had a combined ratio of 91.6% for the first quarter of 2016.

  • Scor ups April renewal GWP by 4.7% 22 April 2016

    In April renewals Scor Global P&C increased its gross premiums by 4.7%, focusing on attractive business in agriculture, aviation and US natural catastrophe lines.

  • BP Marsh moves into Asia with ARB stake 21 April 2016

    Asia Reinsurance Brokers will receive SGD $2.39m from BP Marsh after the London-based firm acquired a 20% stake in the Singaporean business.

  • QIC ups premium and profit in Q1 20 April 2016

    Expanding premium 41% resulted in a slightly deteriorated combined ratio for Qatar Insurance Company (QIC) in the year’s first quarter.

  • Italian non-life profits to be stable: Fitch 20 April 2016

    In 2016 Italian non-life insurers can expect profits to remain generally stable, despite a higher cost in claims, Fitch Ratings has predicted.

  • Re/insurance CIOs see optimistic future - FREE 20 April 2016

    Re/insurance industry investment specialists are increasingly confident about the market, according to a study by Goldman Sachs Asset Management.

  • Advent plans $100m expansion 19 April 2016

    Backed by Abbey International Finance, insurer Advent is launching an expansion plan to grow its gross assets to $100m.

  • Ironshore CEO calls Fosun deal positive 19 April 2016

    Ironshore's Kevin Kelley has insisted his firm's acquisition by Fosun has been positive for the company despite the pressure it is experiencing on its ratings.

  • CCRIF expands to Central America 18 April 2016

    Central American countries and the Dominican Republic will now be welcomed into the Caribbean Catastrophe Risk Insurance Facility.

  • CMI completes Sirius acquisition 18 April 2016

    China Minsheng Investment Corporation has completed its $2.59bn acquisition of Sirius International Insurance Group some nine months after it was first announced.

  • Labuan moves away from Panama Papers 18 April 2016

    Labuan's International Business and Financial Centre has highlighted how any comparisons made between the island and Bermuda are misplaced.

  • Siruis sale to China Minsheng completed 18 April 2016

    The $2.59bn sale of Sirius Group by White Mountains to China Minsheng Investment Corporation completed on Monday.

  • China's overseas investment risk: Fitch 18 April 2016

    As Chinese insurers expand their overseas investment empires, new risks are emerging, Fitch Ratings has warned.

  • Endurance warns of Q1 investment drop 14 April 2016

    Bermudian re/insurer Endurance has warned that its net investment return was just 98 basis points for the first quarter of 2016.

  • Ebix signs PPL deal for TOM 14 April 2016

    Insurance tech firm Ebix has signed a contract to deliver part of the London market’s Target Operating Model (TOM) initiative.

  • Allianz infrastructure move confirms SII trend 13 April 2016

    German and UK insurers are likely to be the most attracted to infrastructure assets following the reduction in charges in the Solvency II standard formula

  • Reinsurers good results may not last: AM Best 13 April 2016

    Reinsurers’ stock prices climbed in 2015, despite a 10% US stock market value dip, and operational profits remain buoyant, but rating agency AM Best warns this may not last.

  • Lockton opens Morocco office 12 April 2016

    Lockton has opened an office in Casablanca to serve its Middle East and African operations.

  • LMG hits modernisation milestone 12 April 2016

    London market brokers and underwriters can now submit claims and premiums electronically through the Central Services Refresh Programme.

  • Reactions April digital issue online now! 11 April 2016

    This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

  • MetLife's SIFI status "fatally flawed" 07 April 2016

    The Financial Stability Oversight Council's decision to label MetLife as systemically important was "arbitrary and capricious", according to Judge Collyer's unsealed ruling.

  • Commercial cover cost cutting is slowing 07 April 2016

    Willis Towers Watson has reported seeing an overall decline in commercial insurance rates dropping, after several consecutive renewal cycles.

  • ABIR's Kading makes NFIP plea to NAIC 06 April 2016

    Bradley Kading, who heads up the Association of Bermuda Insurers and Reinsurers, has listed six ways to help increase flood insurance take-up in the US.

  • OIL to hand back $200m to members 06 April 2016

    Oil Insurance Ltd is returning $200m to its members in the form of a dividend after posting a positive return for 2015.

  • Reality check for MENA’s insurers 06 April 2016

    Insurance markets in the Middle East and North Africa (MENA) have been knocked sideways by the fall in oil prices. But they might come back stronger, eventually.

  • Reinsurance broking: living on the edge 06 April 2016

    London’s reinsurance brokers have to maintain their cutting edge in services such as analytics, risk modelling and investment structuring, to make the most of what is set to be a fourth straight soft year for market conditions.

  • Rod Fox interview: the big squeeze 06 April 2016

    The founder and CEO of TigerRisk speaks to Reactions about broking conflicts of interest.

  • Short history of insurance asset management 06 April 2016

    The serious starting point for the growth of investment outsourcing by insurance companies can be traced to the 1980s and 1990s, in parallel with the early growth of Reactions Magazine.

  • Top 35 events since 1981 06 April 2016

    A compilation of the 35 biggest re/insurance events spanning 1981 to the present.

  • M&A covers: After the happy ending 06 April 2016

    Plenty of excitement surrounds news of a merger or acquisition, but often only part of the story ever makes it into the press.

  • Africa faces triple hit 06 April 2016

    Africa’s economy still has some good prospects, but it has suffered three powerful blows: instability in the Middle East and North Africa; China’s economic slowdown; and the drop in energy prices.

  • Brexit costly for London, warns Kessler 06 April 2016

    Scor boss Denis Kessler has warned the London market of the long-term impact a UK withdrawal from the EU would have on the City’s re/insurance industry.

  • Iris Re in Bermuda stock listing 06 April 2016

    Bermudian re/insurer Iris Re has announced the listing of a new class of non-voting preferred shares on the Bermuda Stock Exchange.

  • BDA rebuffs Panama Papers furore - FREE 06 April 2016

    Bermuda has responded to discussion of offshore tax evasion in the wake of the Mossack Fonseca “Panama Papers” leak.

  • Aon Benfield launches treaty trading platform 05 April 2016

    A global treaty reinsurance trading platform is being launched by Aon Benfield on April 11, so that it is in full use by the July 1 renewals.

  • BoE warns over complex reinsurance deals - FREE 05 April 2016

    Demonstrate that real risk transfer is taking place, the Bank of England's chief insurance regulator tells cedants.

  • Reinsurers’ average 92.5% combined ratio since Katrina 04 April 2016

    Alternative capital had reached $72bn by year’s end 2015, according to an Aon Benfield report.

  • Swett & Crawford sold to BB&T 04 April 2016

    CGSC has announced the completion of the sale of Swett & Crawford to rival broker BB&T.

  • Rates fall again at April 1 renewals - Willis Re 01 April 2016

    The April 1 reinsurance renewals saw rates fall for the fourth year in a row, despite some more positive instances of price drops decelerating, according to broker Willis Re.

  • European storms add to Gable losses 01 April 2016

    European insurer Gable Holdings has posted a pre-tax loss of between £7m to £8m for 2015, blaming claims from storms in the UK and Europe.

  • March 2016

    Swiss Re CS completes IHC acquisition 31 March 2016

    Swiss Re Corporate Solutions has completed its acquisition of IHC Risk Solutions, boosting its presence in the US employer stop loss sector.

  • RMS unveils unique marine cargo model 31 March 2016

    RMS has teamed up with seven re/insurance industry companies to launch a dedicated marine cargo model.

  • FM Global profit 2015 falls over 50% 31 March 2016

    Despite investment-related income growing, FM Global reported post-tax net income at $399.1m in 2015, less than half the previous year's $921.2m.

  • PPI complaints surge - FREE 31 March 2016

    Payment Protection Insurance (PPI) is still producing the most complaints for the UK’s financial watchdog.

  

   
April 2016 
In this month's Reactions
 35 emerging risks
 Surge in run-off
 Terror strikes Brussels
 Reinsurance brokers


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