Swiss Re has delivered a net income of US$4.4 billion for 2013, which the company says was ‘driven by sustained, high profitability in property and casualty (P&C) reinsurance and very good performances by Corporate Solutions and Admin Re’
Capital is pouring into the casualty reinsurance market from both traditional property catastrophe reinsurers looking to offset rate reductions in their own sphere, and now also from the capital markets, according to Andrew Newman, global head of casualty at Willis Re
Exceptionally high losses from weather-related catastrophes in Europe and Super Typhoon Haiyan dominated the overall picture of natural catastrophes in 2013, according to the latest information from global reinsurer Munich Re.
Control Risks, the global business risk consultancy, recently published its annual RiskMap report, a reference point for policymakers and business leaders needing to plot global trends over the coming year
The increasing levels and awareness of identity fraud, consumer concerns over insurance product mis-selling and calls for more help for victims, highlight the need for identity fraud insurance product providers to focus on robust and ethical cover if the market is to grow according to UK-based company Arc Legal Assistance (Arc Legal)
Munich-based reinsurer Munich Re has said that it believes China will remain its biggest Asian growth market in the near future, partly because it considers countries such as India to be too unpredictable, and it is thus reluctant to step up investment there