Inga Beale, Chief Executive,Lloyd’s

Lloyd’s announces an aggregated market loss of £2bn for 2017

International News       Mar 21, 2018

London: After a number of relatively benign catastrophe years, the frequency and scale of the disasters that struck around the world in the second half of 2017 saw major claims costing the Lloyd’s market £4.5bn, more than double the previous year (2016: £2.1bn). This significant...

Victor Peignet, SCOR’s CEO Global P&C

``International reinsurers have taken a cautious stance & we have not seen an increase in competition in an already competitive Indian market''

Interviews       Mar 18, 2018

  Now that you have set up branch operations, what are your plans for the Indian market? Receiving the R3 authorization from the IRDAI to establish a SCOR branch in India marks a milestone for the Group in terms of solidifying its presence in the country,...

Joachim Wenning, Chairman,Munich Re

``Munich Re is again poised for growth''

International News       Mar 15, 2018

Munich: Munich Re, the largest global reinsurer,  has raised its profit guidance compared with the previous year, and is expecting to generate a profit of €2.1–2.5bn for 2018. The Company also announced that it would buy back another €1bn worth of shares before the Annual...

Alice Vaidyan, CMD, GIC Re

GIC Re's new Lloyd's Syndicate to begin ops in Apr

International News       Mar 15, 2018

  Mumbai: State owned GIC Re’s new international venture ‘GIC Syndicate 1947’,a new Syndicate in Lloyd’s,set to begin its operations from April, in accordance with the Lloyd’s agreed business plan, after receiving necessary permission from Lloyd's of London..   GIC Syndicate 1947’ is the first Lloyd’s syndicate...

SCOR raises $ 625 million through innovative bonds

International News       Mar 07, 2018

Paris:  French reinsurer SCOR has successfully placed a perpetual deeply subordinated notes issue on the Regulation S USD market in the amount of USD 625 million. This is the first transaction for a restricted Tier 1 instrument with a principal write-down feature in USD, which...

Claudia Thyme, Director Emerging Markets Development.

XL Catlin appoints Claudia Thyme as Director Emerging Markets Development

International News       Feb 26, 2018

New Delhi: XL Catlin has appointed Claudia Thyme as Director Emerging Markets Development.   Based in Zurich, Thyme will contribute to driving and executing XL Catlin’s emerging market strategies, with a particular focus on Latin America.   She will report to Brendan Plessis, Head of Emerging Markets...

Christian Mumenthaler,Group Chief Executive Officer,Swiss Re

Swiss Re's net profit declines to USD 331 million in 2017, USD 4.7 billion of natural catastrophe losses

International News       Feb 23, 2018

Zurich: Hit by an estimated combined claims of USD 4.7 billion from natural catastrophes, Swiss Re’s net income declined to USD 331 million in 2017 as compared to $3.56 billion in 2016, .   Gross premiums written by the reinsurer during the reporting year shrank to...

Denis Kessler, Chairman & Chief Executive Officer, SCOR

SCOR’s net income falls to EUR 286 mn in 2017, Gross premiums touch EUR 14,789 million, up 8.6 pc in 2017

International News       Feb 22, 2018

Paris: The net profit of French reinsurer SCOR at EUR 286 million in 2017 fell almost by 50 per cent from € 603 million in 2016 due to the cost of the nat cat events which occurred in the third and fourth quarters.   The reinsurer's...

Alice Vaidyan, CMD,GIC Re at a media meet to announce the company's results on Monday in Mumbai

GIC Re's net at Rs 672 cr in Q3FY 2018

Indian News       Feb 12, 2018

Mumbai: Riding over higher business volume,investmment income, lower claims and underwriting losses, state owned reinsurer  GIC Re has reported a net profit of Rs 672.76 crore for the third quarter ended Dec, 2017 against a loss of Rs 401 crore in the  corresponding period of...

Victor Peignet, CEO, SCOR Global P&C

SCOR's P&C reinsurance renewal premiums grow by 3.7pc to Eur 3.1bn

International News       Feb 08, 2018

Paris: French reinsurance major SCOR grew P&C reinsurance renewal premiums by 3.7 per cent at constant exchange rates at the January 2018 renewals, from EUR 3.0 billion to EUR 3.1 billion.   With reinsurance pricing  broadly improving across nearly all lines of business and geographic markets,...

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