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Claims & Run-Off

Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • May 2015

    Helios 2014 post-tax profit up 43% 27 May 2015

    Helios Underwriting, a means by which equity investors can gain exposure to Lloyd's syndicates, has reported a 43% rise in after tax profit for 2014.

  • Tower NZ raises quake claims provision 26 May 2015

    A NZD22.4m increase in quake claims provision has pushed Tower NZ into a reported net loss for H1 2015, but the dividend has been raised.

  • R&Q to buy old ICI captive for £17m 26 May 2015

    Randall & Quilter is to buy the legacy captive of chemicals company ICI.

  • ABI says it will consider FCA report 26 May 2015

    The Association of British Insurers (ABI) has acknowledged a report from the Financial Conduct Authority that questioned the adequacy of the industry's treatment of Small to Medium-Sized-Enterprises.

  • UK's FCA criticises claims handling 22 May 2015

    The UK's Financial Conduct Authority (FCA) has said that poor communication between insurers, intermediaries and loss assessors meant that the processing of claims payments was often delayed.

  • BP ends "additonal insured" quest 21 May 2015

    BP has finally thrown in the towel in its five-year battle to be treated as an "additional insured" on the liability policies held by Transocean, owner of the Deepwater Horizon rig that exploded in April 2010.

  • Zurich targets further cost savings 21 May 2015

    Zurich Insurance Group will implement cost savings to ensure it reaches its return on equity target of 12% to 14% for 2014-2016.

  • Scottish Re dips to Q1 loss 15 May 2015

    Scottish Re, which is in run-off, has reported a loss for Q1 2015.

  • Re/insurers to seize drones opportunity 11 May 2015

    The use of drones will mean re/insurers will be able to get a better understanding of loss estimates and pay claims faster, AM Best has predicted.

  • NAB reinsures part of life book 11 May 2015

    National Australia Bank (NAB) has reinsured 21% of its life book with an unnamed global reinsurer, thus reducing its capital requirement by A$500m

  • Reactions May digital issue online 08 May 2015

    The latest issue of Reactions magazine is now online in its digital issue format.

  • Beazley grows in specialty lines 07 May 2015

    Beazley has reported a 6% year on year growth in GWP, mainly through an increase in specialty lines business, where rates improved.

  • New appointments at JLT Re North America 06 May 2015

    JLT Re has named four senior executives at its North American operation.

  • CNA P&C Q1 income increases 05 May 2015

    Illinois-based insurer CNA has reported an improved overall performance, even after stripping out the impact of a one-off write-down in Q1 last year.

  • Investment returns down at Greenlight Re 05 May 2015

    Greenlight Capital Re, the Hedge Fund reinsurer led by Greenlight Capital's David Einhorn, has reported a loss for Q1 2015

  • Torus off the hook as AM Best ups outlook 01 May 2015

    Torus Insurance, acquired by Enstar Group last year, has received a revised ratings outlook from AM Best, from negative to stable.

  • April 2015

    New Charles Taylor adjusters in Singapore 22 April 2015

    Charles Taylor Adjusting has continued to increase the size of its expanding division in Singapore.

  • Niklas damage at €750m-€1.5bn: RMS 20 April 2015

    RMS has used its version 15.0 Europe windstorm models to estimate an insured loss of €750m to €1.5bn as a result of windstorm Niklas, which struck Europe on March 31.

  • Flood Re sign-off will be post-election 13 April 2015

    The new UK flood reinsurance pool, which was finally approved last December, will now have to wait for formal sign-off until after the General Election in May.

  • Charles Taylor gains 89% rights issue acceptance 09 April 2015

    UK-based Charles Taylor has obtained 89% acceptance for its recently announced discounted rights issue.

  • AIG gets FAA approval for drone use 08 April 2015

    Insurance giant AIG has been given permission by the Federal Aviation Authority to use drones in its claims adjusting process; the third insurer to be given such permission.

  • Earnings under pressure in Europe 08 April 2015

    The 2014 results of the major European reinsurers have revealed that pressure on rates is hampering earnings growth.

  • Perils raises loss estimate for windstorm Elon-Felix 08 April 2015

    Cat exposure calculator Perils has raised its loss estimate for the winter storm that hit parts of Europe in January.

  • Oklahoma unclaimed benefits bills stalled 07 April 2015

    Two Oklahoma bills that would ease the burden on insurers over unclaimed benefits look unlikely to come to a vote this session.

  • Setanta claimants still in limbo 07 April 2015

    A year after the collapse of Dublin-based motor insurer Setanta, the Maltese domicile of the insurer continues to leave claimants without compensation and in legal limbo.

  • March 2015

    Pro moves to operating profit 31 March 2015

    UK-based Pro has shifted to profit for 2014, from a pro forma 2013 loss.


            May 2015 
In this month's Reactions
Pool Re's Julian Enoizi
Brazilian Reinsurance
UK Brokers
Endurance & Montpelier

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