Ironshore appoints Asia-Pacific MD
02 March 2015
Ironshore International has hired industry veteran Hui Yun Boo to be MD Asia-Pacific and Principal Officer based in Singapore…
International
Allianz braces for ‘challenging’ year ahead
02 March 2015
Allianz Group has posted a 3.8% rise in net profit to €6.2 billion ($8.9 billion) for last year, as revenue topped €120 billion ($172.7 billion) for the first time…
FM Global profit dips, but CEO upbeat
02 March 2015
US commercial property insurer FM Global has reported a net profit of $US956.4 million ($1.2 billion) for last year, down 6.2% on 2013…
Productivity gains lift Xchanging earnings
02 March 2015
Xchanging has posted an operating profit of £55.8 million ($110.3 million) for last year, up 21.5% compared with 2013…
Lloyd’s names first South Korea rep
02 March 2015
Lloyd’s has appointed former London broker Jin-Yung Sun as its first General Representative for South Korea…
Tokio Marine partners with Hollard in Africa
02 March 2015
Tokio Marine & Nichido Fire Insurance has joined forces with South African insurer Hollard to gain a foothold in the African market…
Brit profit soars 40%
02 March 2015
Specialty insurer Brit has reported a net profit of £139 million ($273 million) for last year, up 39.7% on 2013…
Coface profit dips as expansion lifts turnover
02 March 2015
French trade credit insurer Coface has reported a 1.8% drop in net profit to €125 million ($180.99 million) for last year…
Indian bank flags insurance sell-off
23 February 2015
State Bank of India plans to sell a partial stake in its life and general insurance businesses…
CEOs grapple with changing marketplace
23 February 2015
The insurance marketplace is in a state of flux and companies are preparing to make the most of new opportunities while dodging threats, the annual PricewaterhouseCoopers Global CEO Survey shows.…
Reinsurer shopping spree won’t halt rate decline: S&P
23 February 2015
The long-predicted string of reinsurer mergers and acquisitions will do nothing to slow falling premium rates, according to Standard & Poor’s…
Swiss Re profit falls as life proves a drag
23 February 2015
Swiss Re has reported net income of $US3.5 billion ($4.49 billion) for last year, down 20% on 2013…
Canada’s Fairfax Financial buys Brit
23 February 2015
Fairfax Financial Holdings of Canada has acquired UK-based global Lloyd’s specialty insurer and reinsurer Brit for $US1.88 billion ($2.41 billion)…
Catastrophe bonds hit record levels
23 February 2015
A flurry of fourth-quarter activity resulted in a record catastrophe bond issuance of $US8 billion ($10.26 billion) last year, according to reinsurance broker Guy Carpenter…
Tokio Marine chalks up higher profit
23 February 2015
Tokio Marine Holdings’ net profit increased 42% to ¥214.04 billion ($2.31 billion) in the nine months to December 31, driven by a US-led upturn in global economic growth…
Aon frees up funds for acquisitions
23 February 2015
Aon expects to double its free cashflow from $US1.5 billion ($1.92 billion) in 2012 to more than $US2.3 billion ($2.95 billion) a year by the end of 2017, CEO Greg Case says…
US commercial rates stay flat
23 February 2015
US commercial property and casualty rates again remained flat overall last month, after a 37-month run of rises ended in December, according to MarketScout…
Debt repayments dent AIG profit
16 February 2015
AIG’s net profit dropped 17.1% to $US7.53 billion ($9.69 billion) last year, pushed down by debt repayment costs…
Zurich has ‘much still to do’ after profit stalls
16 February 2015
Zurich Insurance Group made an operating profit of $US4.64 billion ($5.99 billion) last year, down 1% from 2013…
Private equity sell-offs ‘to drive London M&A’
16 February 2015
Large mergers and acquisitions have recently occurred in the London insurance market, and private equity groups looking to sell stakes are expected to drive activity over the next year, according to AM Best…