Country: Global Page 56 / 58
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- September 7 2018
Reinsurers’ return on equity deteriorates in first half
The decrease occurred despite an improvement in net income due to lower natural catastrophe losses.
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- September 7 2018
Anbang looks to sell Dutch insurer Vivat for over US$1.5bn
Two Dutch insurers, Aegon and ASR, have reportedly expressed interest in bidding for the unit.
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- September 6 2018
Strong balance sheets support reinsurance outlook
Sector consolidation through M&A and rising profits are also driving the stable outlook for the sector.
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- September 5 2018
Scor confirms rejection of Covea’s takeover approach
Covea withdraws share offer following Scor’s board rejection.
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- September 4 2018
David Fried joins Preferred Global Health as CEO
The former QBE Asia-Pacific CEO will share his time between the headquarters in Boston and Hong Kong.
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- August 29 2018
Aspen bought by Apollo for US$2.6bn
The proposed deal ends uncertainty over Bermuda-headquartered (re)insurer.
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- August 20 2018
Global losses from disasters down
Of the US$36bn total global economic losses in the first half, US$20bn were covered by insurance.
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- August 17 2018
QBE partners with climate risk specialist Jupiter
The partnership will allow it to take advantage of the ClimateScore data analytics platform.
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- August 13 2018
Zurich beats profit expectations
Income in the first six months of the year rose 19% to US$1.8bn, surprising analysts.
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- August 10 2018
Ping An targets US$50bn+ Pru acquisition
Rumours about the potential acquisition came as a surprise to many, including the Pru.
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- August 10 2018
Babylon’s US$100m AI doctor
The British health chatbot is set to offer advice in 12 Asian markets after deal with Prudential.
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- August 6 2018
AIG profit down 17%
Issues within its general insurance business weighed on the profit of AIG during the second quarter.
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- August 2 2018
M&A rises again in first half of 2018, led by Asia
Activity rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017.
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- July 31 2018
Reinsurers ready for another year of active nat cats
Despite some capital depletion, the reinsurance sector remains resilient enough to withstand another year of losses.
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- July 27 2018
Tough times as Qatar Re quits Singapore
The Bermuda-based reinsurer is hurting after nat cat losses, forced reserve increases and a diplomatic spat in the Gulf.
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- July 27 2018
Chubb reports 6% profit bump
CEO Evan Greenberg is positive on rates as the company reports US$1.25bn for the second quarter of 2018.
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- July 27 2018
Losses from disasters significantly down in first half of 2018
Insurance payouts are estimated at US$21bn, 64% lower than the 10-year average of US$124bn.
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- July 24 2018
Zurich buys Blue Insurance
The US$59m acquisition involves the travel insurance intermediary's operations in the UK and Ireland.
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- July 20 2018
US tariffs could drive up cost of insurance
The US government’s trade war with China and the EU could drive up the cost of auto repairs.
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- July 19 2018
Munich Re appoints new CFO
CFO of Ergo Group Christoph Jurecka is set to replace Joerg Schneider, who is leaving the company to retire.
