This week, Fitch Ratings said it expected consolidation in the reinsurance market. According to Consumer Intelligence, UK home insurance premiums are rising at their fastest rate for three years.
This week, Hurricane Harvey hogged the headlines. CoreLogic, Air Worldwide, and RMS reported their estimates of economic losses but it is still far from clear how much it will cost the insurance industry.
This week, a Swiss Re sigma report estimated global total economic losses from natural catastrophes of $44bn in the first half, which compared to a ten-year average of $120bn.
This week, It was the turn of the life insurers to hog the headlines, and not only interim financials. Aegon is to offload its Irish book to Athene Holding and sell a major financial advisor in Holland.
Clyde & Co research showed that insurance M&A activity worldwide had continued its downward trend in the first half of 2017. Beazley released its Breach Insights findings for the first six months based on client data, and Standard & Poor’s said in a new report that the global life reinsurance sector’s operating conditions look promising.
Investors across Europe believe the continent’s economy has turned a corner. But investors in one country resist the European optimism, and look into the future with unease.
Assets invested in illiquid credit more than doubled in 2016 from $178bn to $360bn, according to a survey by investment consultancy Willis Towers Watson.
This week, the Financial Conduct Authority published proposals to extend the Senior Managers and Certification Regime to almost all regulated firms which will impact insurers.
This week, The Insurance Development Forum, at the annual International Insurance Society(IIS) Global Insurance Forum in London, applauded UK and Germany leadership to address the disaster coverage gap – a Centre for Global Disaster Protection is to be set up in London.
Britain is the world’s leading exporter of insurance and pension savings products, selling £13bn (€14.7bn, $16.8bn) to the rest of the world, according to latest figures released by the Association of British Insurers (ABI).
Japan’s financial watchdog, the Financial Services Agency (FSA), is asking life insurance companies to become more scrupulous investors by adhering to a new stewardship code.
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.