Reinsurer
Summary of Munich RE’s figures for the first nine months
The Group recorded a good operating result of €3,318m (2,654m) for the period from January to September, €1,211m of this in the third quarter....
Munich RE reports €1.8 billion profit for the first nine months of 2009
The world's biggest re-insurance group, Munich Re, said Thursday it aimed for a full-year net profit of between 2.2-2.5 billion euros (3.3-3.7 billion dollars)...
Brit Insurance appoints Reinhard Seitz as Head of Outwards Reinsurance
Brit Insurance, the international general insurance and reinsurance group, today announces the appointment of Reinhard Seitz as Head of Outwards Reinsurance. Reporting to Jonathan...
Swiss Re returns strong profit in third quarter and announced 1,000 jobs cuts
Swiss Re, one of the world's biggest reinsurers, on Tuesday returned to strong profit in the third quarter, cautiously turning its back on losses...
European stress test to be run in the insurance sector in december 2009
CEIOPS’ Members endorsed in today’s meeting the proposal to run a EU-wide stress test in the insurance sector in December 2009.
CEIOPS will continue to...
Willis Re launches new service designed to manage client risk and maximize franchise value
Value Based Capital Management is the First and Only Commercially Available Service Created to Measure Risk, Manage Capital and Protect Current and Future Earnings
Willis...
Hardy Underwriting and Arab Insurance Group to form Hardy Arig Insurance Management
Hardy Underwriting Bermuda Limited, the specialist Lloyd's insurer and reinsurer, and Arab Insurance Group (B.S.C) ("Arig") are pleased to announce the formation of Hardy...
Swiss Re has won Malaysian central bank approval to start up an Islamic reinsurance business
Swiss Re today announced that it has received a composite licence from Bank Negara Malaysia to write Retakaful business, and opened a dedicated Retakaful...
RSA Insurance Group announces sale of British Engine for £28 million
RSA Insurance Group plc announces the sale of British Engine Insurance Limited to Knapton Holdings Limited, a wholly-owned subsidiary of Enstar Group Limited, for...
Reinsurer SCOR to adjust the rights of bondholders
SCOR announced last week an adjustment to the rights of holders of bonds convertible and/or exchangeable into new or existing SCOR shares, coupon 4.125%...
SCOR rate outlook changed from “stable” to “positive” by A.M. Best
A.M. Best has raised SCOR SE’s and its rated subsidiaries rating outlook from “stable" to “positive". According to A.M. Best the change in outlook...
Willis Re wins Analyst / Researcher of the Year Award for the Willis Research Network
Willis Re, the reinsurance broking arm of Willis Group Holdings (NYSE: WSH), the global insurance broker, won the 2009 Analyst / Research category at...
Swiss-based insurer and reinsurer Glacier reports pre tax net income in rise for the first half 2009
Swiss-based insurer and reinsurer Glacier Group reported a 4% increase in pretax net income to $26 million (18.1 million euros) for the first half...
Reinsurer Capital on the Rebound
Aon Benfield, the reinsurance intermediary and capital advisor, reveals today that following the mild capital erosion in 2008, reinsurers’ capital base rebounded well in...
Risk study reveals increased volatility for insurers
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases its annual Insurance Risk Study, which quantifies underwriting volatility and correlation by...
Munich Re redefines its positioning in reinsurance
Munich Re redefines its positioning in reinsurance: Emphasis on expanding risk knowledge and creating individual solutions for clients. Munich Re sees a steady shift...
Study reveals how the use of indices in insurance-linked securities benefits both (re)insurers and investors
According to Swiss Re’s new sigma study, “The role of indices in transferring insurance risks to the capital markets”, both (re)insurers and investors benefit...
Munich Re may resume its share buyback program
German reinsurance company Munich Re AG expects more moderate growth in the economy "very soon" and may resume its share buyback program if markets...
SCOR extends mortality swap with J. P. Morgan to protect the Group from pandemic risks
SCOR Global Life SE, a subsidiary of SCOR SE, has added a new layer of protection to its current four-year mortality swap transaction with...
Presentation of the “reinsurance broking team of the year” at the review worldwide reinsurance awards
Guy Carpenter & Company won the “Reinsurance Broking Team of the Year” award at The Review magazine’sWorldwide Reinsurance Awards 2009, presented last night at...
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