News - Insurance
NASH, Guy Carpenter: The current pressure on returns is a stimulus for consolidation
Current market conditions are putting increasing pressure on returns with some companies viewing consolidation as a potential solution, James NASH, CEO of International at Guy Carpenter said in his opening remarks at the Baden-Baden 2018 Reinsurance Meeting hosted by the global risk and reinsurance specialist.
22 October 2018Hannover Re expects modestly higher premiums and stable conditions for its German business
E+S Ruckversicherung AG, the Hannover Re Group's unit handling German business, continues to expect a positive premium development in the German market for the January 2019 renewals, albeit at a somewhat more diminished pace than in 2018.
22 October 2018Munich Re: Demand for cyber insurance growing rapidly; customers need more than just insurance
The market volume for cyber insurance is expected to grow up to USD 8-9 billion by 2020, Doris HOEPKE, member of Munich Re's Board of Management stressed in Baden Baden adding that, "The demand for cyber risk cover is growing continuously. We therefore see it as our duty to develop solutions."
22 October 2018HOEPKE, Munich Re: I expect at least a stable renewal round in 2019
After severe storm damage in Japan and the United States, Munich Re is looking with a little more optimism to the next renewal season. "I expect at least a stable renewal round in 2019," Board member Doris HOEPKE said in Baden-Baden. Until recently the reinsurer's expectations were leaning towards a stagnant season.
22 October 2018Alternative capital, InsurTech, and the digital revolution are the M&A drivers of the reinsurance world
"You don't have to be big to be beautifully relevant or financially successful, but you do have to be focused," Pina ALBO, Group CEO of Hamilton Insurance Group said, addressing the question of whether bigger is necessarily better at the Reinsurance Symposium in Baden-Baden.
22 October 2018Five new XPRIMM insurance reports on the Baden Baden stands
Five new titles are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.
21 October 2018TRUST Re, 1H2018: 13% y-o-y growth in premiums and claims settled, exceeding USD 300 million
TRUST Re has announced a 13% y-o-y growth in premiums for 1H2018 and a combined ratio of 96.5%, down from 98.9% a year ago, reaffirming its sound and steady reputation among the company's long list of loyal customers.
21 October 2018Baden-Baden XPRIMM Reception: Who were the winners of the XPRIMM Insurance Awards?
On Sunday, 21 October, insurers and reinsurers from all over the world met at the 10th edition of the Baden-Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings in Germany.
19 October 2018Re/insurance specialists gathered this Sunday in Germany at the Baden-Baden XPRIMM Reception
Already on its 10th edition, the Baden - Baden XPRIMM Reception, the
traditional event organized by XPRIMM during the Baden-Baden Meetings, took place on Sunday, 21 October, at Kurhaus Casino, gathering
re/insurance specialists from all over the world.
19 October 2018Fausto PARENTE, Ante ZIGMAN and William VIDONJA - keynote speaker at the "Croatian Insurance Days"
Fausto PARENTE, Executive Director, EIOPA, Ante ZIGMAN, DSc, President of the Management Council, Croatian Financial Services Supervisory Agency and William VIDONJA, Head of Conduct of Business, Insurance Europe are the keynote speakers at the 2018 edition of "Croatian Insurance Days".
18 October 2018STATISTICS: CEE, 1H2018: growing on non-life, thanks to the motor insurance lines
Overall, the CEE insurance market saw a 2% growth in GWP, to EUR 18.67 billion, the largest contributions to the upswing trend being provided by Slovenia, the Czech Republic, Croatia, Latvia and Lithuania.
18 October 2018Swiss Re estimates 3Q Nat Cat claims burden at ~USD 1.1 billion with large man-made catastrophes reaching ~USD 300 million
Swiss Re estimates its preliminary combined claims burden from large natural catastrophes at approximately USD 1.1 billion, net of retrocession and before tax, and expects large man-made catastrophes to lead to a pre-tax claims burden of approximately USD 300 million.
18 October 2018Masar Al-MOSAWI is the winner of the 5th annual Actuarial Prize awarded by SCOR Sweden Re
The 5th SCOR Sweden Re Actuarial Prize was awarded to Lansforsakringar Fondliv Actuary Masar Al-MOSAWI, during the Nordic Life Insurance Conference in Stockholm on October 12, 2018.
18 October 2018TALANX decreases its anticipated FY2018 Group net income to EUR 700 million
The German TALANX Group announced it is assuming a large-loss burden for Industrial Lines after more than EUR 260 million in nine months. This is likely to have already exceeded the large loss budget for the entire year in Industrial Lines on September 30, 2018.
18 October 2018Matt RIDER appointed as Chair of the European Insurance CFO Forum
Matt RIDER, Group Chief Financial Officer at AEGON, has been appointed Chair of the European Insurance CFO Forum. He succeeds Luigi LUBELLI of Generali.
18 October 2018US antitrust approval granted for MMC's acquisition of JLT Group
Marsh & McLennan Companies (MMC) and Jardine Lloyd Thompson Group (JLT) have confirmed that October 10 the Federal Trade Commission (FTC) granted early termination for the waiting period under the Hart-Scott-Rodino Act, with respect to MMC's previously announced acquisition of JLT.
18 October 2018Facing Brexit, AXA XL receives approval for European headquarters in Dublin
In anticipation of the UK's exit from the EU in March 2019, the French AXA Group has received authorization from the Central Bank of Ireland to move the operations of its European subsidiary XL Insurance Company SE (XLICSE) to Dublin.
18 October 2018Russia: ERGO to sell its life unit to ROSGOSSTRAKH
ROSGOSSTRAKH, one of the largest Russian non-life insurers is set to buy the local life insurance unit of German reinsurer MUNICH Re - ERGO Life, in a move to re-enter the life insurance segment.
18 October 2018KAZAKHSTAN: GWP decrease of 1.2% y-o-y for Jan-Aug, while paid claims went up by 5.6%
For the first 8 months of this year, total market GWP amounted to KZT 263.5 billion/~EUR 0.62 billion (- 1.2% y-o-y). Paid claims exceeded KZT 61.9 billion (~EUR 0.14 billion), with a y-o-y increase of 5.6%, reported allinsurance.kz.
18 October 2018AZERBAIJAN: Agro insurance and insurance against accidents at work may contribute to market development in 2019
The Azeri insurance market will undergo changes that lead to a decrease in premiums on certain types of insurance next year, said Chairman of the Azerbaijan Insurers Association (AIA) Mustafa ABBASBAYLI. Agro insurance and insurance against accidents at work may contribute to market development.
18 October 2018
