The Blockchain Insurance Industry Initiative B3i, which was launched in October 2016 to explore the potential use of distributed ledger technology, has grown to 15 members from its original five. Members of the B3i initiative are collaborating to explore the …
The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR “R3 authorization,” allowing the group to open a composite branch office in India to conduct life and P/C reinsurance business. SCOR has been writing business with Indian clients …
SCOR announced the launch of a new three-year contingent capital facility, which provides the group with €300 million ($319 million) coverage in case of an extreme natural catastrophe or life events affecting mortality. SCOR said the facility takes the form …
The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR an “R2 authorization,” which allows the group to open a composite branch office in India to conduct life and P/C reinsurance business. SCOR will open the branch office …
SCOR SE, France’s largest reinsurer, expects gross premiums to rise as much as 7 percent annually over the next three years on increased demand in Asia. SCOR has “significant growth potential” despite a challenging and uncertain environment for interest rates …
Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore new classes and opportunities outside its traditional portfolio. The Innovation Division will support Channel’s commitment to new technologies and its …
A group of re/insurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was launched last month to help build resilience to climate risk and natural disasters, while bridging the insurance protection gap for …
Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected. Earnings for the quarter will also be lower than a year earlier after market turmoil caused the …
SCOR Global P&C increased gross written premiums by 4.7 percent at the recent April renewals, based on constant exchange rates, with total premiums rising from €420 million ($474.7 million) to €440 million ($497.3 million). Premiums renewing on or around April …
The world’s largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital from pension funds and one of the past decade’s quietest years for catastrophe losses. Rates for property-and-casualty reinsurance are expected …
