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International

UK flood pool gets final approval and reinsurance cover

23 November 2015

The UK Government’s flood reinsurance pool is on course to begin operating in April as planned, after it officially became a statutory body and secured £1.29 billion of cover from global reinsurers…

Terrorism ‘causes record damage’

23 November 2015

Terrorism caused record levels of economic damage last year, according to a new report from the Institute for Economics & Peace, a global think-tank based in Sydney…

Talbot makes changes at the top

23 November 2015

Talbot Underwriting’s  CEO Rupert Atkin will step down and take up the Chairman’s role early next year, Bermuda-based parent Validus Holdings says…

Crawford & Co wields the axe to stem the bleeding

16 November 2015

Global loss adjustor Crawford & Company has reported a net loss of $US900,000 in the third quarter, a massive plunge from its net profit of $US10.2 million in the corresponding quarter last year…

Ebix hailed at ACORD awards

16 November 2015

Ebix Consulting for Life & Annuity Insurance has been honoured at the Association for Co-operative Operations Research and Development awards…

New US bidder joins race for Xchanging

16 November 2015

New York-listed Computer Sciences Corporation has put in a last-minute offer of £421 million for UK-based insurance outsourcing company Xchanging…

Mergers set to continue: Moody’s

16 November 2015

Insurance industry mergers and acquisitions are at their highest level for years and the trend is set to continue, according to Moody’s…

Bermuda leads as ILS market marches on

16 November 2015

The global insurance-linked securities market continued to expand in the third quarter, according to the Bermuda Monetary Authority’s market report…

Hiscox ‘strategy is working’

16 November 2015

Bermuda-based specialist (re)insurer Hiscox reports gross written premium of £1.54 billion for the first nine months of this year, up 12.9%…

Beazley reports premium growth

16 November 2015

Beazley says gross written premium totalled $US1.64 billion for the nine months to September 30, up 6% on the corresponding period last year…

Talanx profits from diversification

16 November 2015

HDI-Gerling Industrial Insurance’s parent Talanx has reported third-quarter net income of €177 million, up 18.8% on the corresponding period last year…