Scor posts 91% P&C combined ratio for first half of the yearTop-tier reinsurer Scor has posted a combined ratio of 91.4 percent in its key P&C division in the first half of the year fuelled by lower natural catastrophe losses, modest pricing improvements and new business wins.
Ex-Lloyd’s chairman Nelson calls for second Brexit referendumThe former chairman of Lloyd’s, John Nelson, has lambasted the UK government for failing to negotiate suitable terms for Britain’s exit from the European Union.
Chubb converts to European entity as Brexit planning plods onChubb has converted its European business into a Societas Europaea ahead of a move to France as it gears up for Brexit.
Tokio Marine HCC taps Chubb for European head of suretyTokio Marine HCC has appointed Luc Reuter head of surety for Continental Europe as the carrier looks to expand its operations on the continent.
Willis bolster France fac teamGras Savoye, France’s largest insurance broker, has unveiled a dedicated three-strong facultative team, the firm’s parent Willis Towers Watson announced today (23 July).
Mapfre restructures and shrinks global risk business MGRMapfre has reconfigured its global operations, with its commercial (re)insurance arm – Mapfre Global Risk (MGR) – largely being split up and transferred to other business units.
Munich Re announces CFO change and divisional restructureLong-serving Munich Re CFO Jörg Schneider will retire from the reinsurer’s board of management at the end of the year, with Ergo Group CFO Christoph Jurecka taking his place.
Borges named THB Europe boss as Lindeboom retiresAmWins-owned broking house THB has named Ricardo Borges managing director of its European operations amid a restructuring of the leadership team in Amsterdam.
Brexit white paper ‘disappointing’: BealeThe outgoing Lloyd’s chief executive Inga Beale has lambasted the government’s blueprint for future UK relations with the European Union.
MS Amlin taps Aon for war underwriterMS Amlin has appointed Brecht van Hoorebeke as a war underwriter, it announced today.
Liberty rebrands and taps GC to launch Italian reinsurance businessLiberty Specialty Markets has hired Massimiliano Fantini to lead an Italian reinsurance operation based out of Rome and Milan.
Swiss Re swoops on Amlin to open Hamburg officeSwiss Re Corporate Solutions is expanding its operations in Germany with a new office in Hamburg.
Qatar Re parts company with Zurich casualty underwritersQatar Re is continuing to part company with underwriters and other personnel with at least four Switzerland-based staff set to leave the carrier, re-Insurance.com understands.
Neon goes live with Nordic marine platform OrcaLloyd’s insurer Neon has confirmed the launch of Orca Insurance Agency, as first revealed by re-Insurance.com back in November.
Exin settles legal saga with former backer CalamosMatt Fairfield’s Exin has settled all outstanding litigation with his former backer, the Greek-American billionaire John Calamos.
US and European deals getting too expensive for Tokio MarineThe boss of Japanese insurance giant Tokio Marine has said that deals in Europe and the US were growing too dear - even for his firm’s $9bn warchest.
Managing agencies prefer Lloyd's Brussels subsidiary over own EU hubManaging agencies favour the use of the Lloyd’s Brussels subsidiary over their own European subsidiary when Britain leaves the European Union, according to a poll by the Lloyd’s Market Association (LMA).
Gard faces P&I loss from Rotterdam port spillNorwegian P&I club Gard could be on the hook for a pollution-linked loss after a spill from a chemical tanker in Rotterdam released 217 tons of heavy fuel into the water while exiting the Dutch port.
Munich Re mulling asset management arm sale: reportMunich Re is considering selling off its asset management unit to US industry giant Guggenheim, according to reports.
4 in 5 insurers seeking acquisitive growth by 2021: KPMGAround 81 percent of insurers globally intend to undertake between one and three acquisitions in the next three years, according to analysis by KPMG.