Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting. The unit will focus on specialist London market product lines. Leathem will lead the establishment of a direct and facultative …
In a world of increasing automation and standardization, Europe’s big reinsurers are betting that a more personal touch can reverse years of falling prices. Companies including Munich Re AG and Swiss Re AG are increasing their focus on policies that …
Argentina is preparing a new workplace injury law as it seeks to reduce costs for companies, some of which spend as much as 20 percent of their labor budget on insurance, said Cabinet Secretary Mario Quintana. The bill will prevent …
Total global reinsurer capital, which comprises capital both from the traditional and alternative markets, rose by four percent to a record USD585 billion over the six months to June 30, 2016, reinsurance intermediary Aon Benfield reported. Aon Benfield reported the …
Esure Group Plc climbed to the highest since June 30 after the U.K. automotive insurer announced a plan to demerge its price-comparison website Gocompare.com through a separate listing on the London Stock Exchange. The decision followed a strategic review and …
PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include Australia. PERILS now provides market-wide property sums insured that are exposed to the perils of bushfire, earthquake, flood, hail, and tropical and extratropical …
Samsung Electronics Co. blamed a minor battery manufacturing flaw for prompting a global recall of its Galaxy Note 7 smartphones and is seeking more time to investigate the cause behind its deepest crisis in years. The Korean company outlined the …
Insurer Hiscox said it is building a collateralized reinsurance insurance linked securities (ILS) capability for launch on January 1, 2017, in addition to expanding its fully-fronted ILS fund structures. The expanded ILS team is being rebranded as Hiscox Re Insurance …
Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company in run-off, from The Royal London Mutual Insurance Society Limited. According to R&Q, RLGI underwrote non-life insurance from 1985 to …
It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year’s reinsurance Rendez-Vous de Septembre in Monaco that they …
