While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line growth, according to a …
While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line growth, according to a …
Britain’s partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial firms based in London could lose their money-spinning EU “passports.” The City of London vies with New York as the …
Europe’s top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives told Reuters. The sums are so big …
The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by London-based business intelligence company, Timetric. …
The article UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report appeared first on Insurance Journal.
The lawsuit filed by Arthur J. Gallagher against the former CEO of its international brokerage operation, David Ross, who defected to Towergate earlier in the year – has been settled for a payment of £20 million ($30.9 million). Gallagher filed …
The article UK Broker Towergate Contributes to £20 Million Gallagher Lawsuit Settlement appeared first on Insurance Journal.
As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to the losses of their motor vehicle …
The article A.M. Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast appeared first on Insurance Journal.
Insurance claims from devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit rating agency Fitch said on Tuesday. Credit Suisse analysts estimated total insurance losses could amount …
The article Tianjin Blast Claims Could Top Estimates and Strain Chinese Insurers: Fitch appeared first on Insurance Journal.
A public-private, cyber-catastrophe reinsurance arrangement would improve the UK’s resilience against the growing threat of cyber risks in this interconnected world, according to a cyber report released this week. Given the fact that the current market for cyber insurance is …
The article Public-Private Catastrophe Scheme in UK Would Help Mitigate Cyber-9/11: Study appeared first on Insurance Journal.
Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance industry, which show that the market is …
The article ART Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author appeared first on Insurance Journal.