Reinsurance
Natural Catastrophes Knock Down Munich Re’s Q4 Net Profit by 56 Percent
German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018. Net profit fell to ...
Chubb’s Q4 Net Income Nosedives; Investment Returns Surge, Premium Revenue Grows
Chubb's 2018 fourth quarter was a mixed bag, with a surge in catastrophe losses, but a growth in premium revenue, better global P/C pricing and record net investment income. The insurer booked $355 ...
Ex-QBE Exec Duclos Named Non-Exec Chairman of Lloyd’s Global Network
Lloyd's appointed David Duclos, a veteran executive of QBE North America and XL Group, to be the new non-executive chairman of the Lloyd's Global Network. In this role, Duclos is charged with playing ...
SCOR’s CEO Counters Angry Investors With Promises of New Strategy
French reinsurer Scor's Chief Executive Denis Kessler promised on Tuesday to release a strategic plan that would set new targets for the company, in a move to assuage an activist fund that questioned ...
Ex-Swiss Re Exec Will Grow AXIS Re’s Strategic Partners Division Into North America
AXIS Re said it is expanding its AXIS Re Strategic Partners division into North America, and is bringing on a former Swiss Re executive to carry out the move. AXIS Re, the reinsurance business ...
UK Businesses Pull Back Due to Fears of ‘The Hardest of Brexits’: Deloitte Survey
Major British businesses' appetite to take on financial risk has fallen to its lowest level in nearly a decade due to fears of "the hardest of Brexits" and rising U.S. protectionism, a survey by ...
Specialty Insurers Face Pricey Post-Wildfire Claims in Wake of Utility PG&E’s Bankruptcy Filing
Specialty insurers will likely deal with "substantial claims and losses" in the wake of the recent bankruptcy filing for California utility PG&E Corp., whose equipment may have contributed to ...
Independent Agents Satisfied With Carrier Interactions Send More Business to Them: J.D. Power
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message ...