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Reinsurance

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  • MONACO, Sept 18- Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not be enough to save those that lack either global reach or specialised focus.

  • Insurers turn to big data to help identify risks Wednesday, 17 Sep 2014 | 10:48 AM ET

    MONACO, Sept 17- Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Hamilton Re, a new Bermuda- based reinsurer, hopes that heavy data-crunching technology will give it an advantage over rivals and boost its bottom line.

  • *Swiss Re expects natural catastrophe price fall to slow. *Munich Re says risks must be priced right for long term. ZURICH/ MONACO, Sept 15- The world's biggest reinsurers put a brave face on the outlook for an increasingly crowded business on Monday, saying they expected a slowing decline in prices and new opportunities in some markets.

  • *Swiss Re expects natural catastrophe price fall to slow. Swiss Re, the world's second-largest reinsurer, said on Monday it expected to see a slowing decline in natural catastrophe pricing rates, with demand doubling in some markets by 2020..

  • *Swiss Re expects natural catastrophe price fall to slow. Swiss Re, the world's second-largest reinsurer, said on Monday it expected to see a slowing decline in natural catastrophe pricing rates, with demand doubling in some markets by 2020..

  • Reinsurers flock to Monte Carlo as market storm brews Saturday, 13 Sep 2014 | 8:00 AM ET

    *Reinsurers in Monte Carlo for Sept. 13-17 conference. "I am disappointed, exasperated, and even rather appalled by what is happening in the market," said Nikolaus von Bomhard, chief executive of the world's biggest reinsurer, Munich Re.

  • Gains at E.ON and Swiss Life steady European equities Wednesday, 13 Aug 2014 | 10:53 AM ET

    *Nagging worries over Ukraine crisis limit gains. LONDON, Aug 13- European stock markets were steady on Wednesday, supported by gains in the shares of utility E.ON and reinsurer Swiss Life after forecast-beating results.

  • E.ON and Swiss Life prop up European stock markets Wednesday, 13 Aug 2014 | 6:45 AM ET

    *Nagging worries over Ukraine crisis limit gains. LONDON, Aug 13- European stock markets were steady on Wednesday, supported by gains in utility E.ON and reinsurer Swiss Life shares after forecast-beating results.

  • MUNICH, Aug 7- Munich Re, the world's largest reinsurer, reported a 45 percent rise in its second-quarter net profit on Thursday but disappointed investors with a surprise jump in claims and evidence of continued pricing pressures.

  • EDINBURGH, Aug 6- European shares fell in early deals on Wednesday, with appetite for equities knocked back by a resurgence in geopolitical tension over Ukraine and some weaker than expected earnings reports.

  • SAO PAULO, Aug 5- Profit at Grupo BTG Pactual SA surprisingly rose to the highest in over two years in the second quarter even after Latin America's largest independent investment-banking firm produced a mixed performance in some revenue and expense lines.

  • Berkshire profit soars 41% to a record Friday, 1 Aug 2014 | 6:54 PM ET
    Warren Buffett

    Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high.

  • *Q2 oper earnings $1.93/ shr vs. est $2.07/ shr. July 22- Property and casualty insurer Travelers Cos Inc's quarterly earnings fell short of analysts' estimates as hail and wind storms in the United States increased catastrophe losses.

  • NEW YORK, July 17- Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 lives and other liability could be complex and lengthy.

  • PARIS/ BOSTON, July 14- Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check.

  • Low rate world 'fool's paradise': Expert     Friday, 11 Jul 2014 | 7:20 AM ET

    In a low-rate environment it's hard for our clients to save money through us and have enough income, says Steve Miller, AIG non-executive chairman, discussing how low interest rates are impacting his business.

  • Reinsurance prices under pressure mid-year -brokers Tuesday, 1 Jul 2014 | 11:51 AM ET

    Reinsurers have been negotiating with insurance company clients in the United States, Australia and Latin America to set the terms and prices for shouldering big risks like hurricane and earthquake damage in contracts that take effect from July 1.

  • Franklin Lakes, New Jersey- based Western World offers auto and property insurance and, within Validus, it will operate as an independent business led by its current management team. Validus provides reinsurance and insurance services and operates through its three Bermuda- based units- Reinsurance Ltd, Talbot Holdings Ltd and AlphaCat Managers Ltd..

  • June 23- Reinsurer Validus Holdings Ltd said it would buy specialty insurer Western World Insurance Group Inc for about $690 million in cash.

  • Ex-AIG chief Greenberg loses bid to end New York lawsuit Wednesday, 28 May 2014 | 6:36 PM ET

    NEW YORK, May 28- A New York state judge has rejected a request by Maurice "Hank" Greenberg, the former American International Group Inc chief executive officer, to dismiss a long-running civil lawsuit by the state's attorney general.