Latest Financial Management News
Continued growth sees a sharp uptick as momentum for the system grows.
The broker is facing allegations that it and its subsidiaries have acted as tax shelter promoters - claims that the company strongly denies.
Established with the aid of Bermudian start-up Lion Rock Re Ltd.
US and Bermudian authorities have launched an investigation of Markel CATCO's loss reserves in late 2017 and early 2018.
State government alarmed as federal officials cut aid for its reinsurance healthcare fund.
Brian Duperreault states that the company will take a hit of approximately $800m.
Losses from last month will cost the re/insurer around $40m in net claims.
Merced Insurance Company has been placed in liquidation following extensive losses from recent record-breaking wildfires.
Insurer says loss is attributable to the California wildfires of approximately $225m pre-tax.
Earnings per share ticked up to $0.79 for the quarter while underlying revenue at Guy Carp increased by 4% on the prior year period.
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.
We ask Carlos Montalvo Rebuelta, the European Insurance and Occupational Pensions Authority's executive director, for more details on interim guidelines for Solvency II and his response to criticism from insurers and reinsurers over the directive's delay.
Company profile: German insurance group Talanx, majority owner of Hannover Re, has floated at last. But the group will not use the deal as a springboard for aggressive growth, says the CEO of its industrial insurance unit.
Ed Noonan, CEO of Bermudian reinsurer Validus, has responded to missing out on Transatlantic Re by launching a $500m joint venture with hedge fund manager John Paulson and agreeing to buy Flagstone Re for $623m. He says it is time to adapt or die.
Interview: Tokio Marine’s reinsurance unit is aiming to grow in Europe and beyond, according to group CEO Tatsuhiko Hoshina and Continental Europe CEO Stephan Ruoff.
INTERVIEW: Montpelier Re’s 10th anniversary has been marked by a punishing volley of catastrophe losses. The good news for the Bermuda property-catastrophe specialist is its risk management has passed this test, says its CEO Christopher Harris.
Greenlight Re is not your average reinsurer – it brings a hedge fund’s mindset to both sides of the balance sheet.
In this month's Reactions