Edition:
United Kingdom

Reinsurance

Page 1

AXIS Capital Holdings Announces Organizational Changes

Tuesday, 23 Jan 2018

Jan 23 (Reuters) - AXIS Capital Holdings Ltd ::AXIS CAPITAL HOLDINGS LTD - ‍REALIGNS ITS ACCIDENT & HEALTH BUSINESS, MERGING UNITS INTO CORE INSURANCE AND REINSURANCE SEGMENTS​.AXIS CAPITAL HOLDINGS SAYS IS LAUNCHING GLOBAL UNDERWRITING AND ANALYTICS UNIT; ERIC GESICK NAMED GROUP CHIEF UNDERWRITING OFFICER.AXIS CAPITAL HOLDINGS - ‍CURRENT AXIS A&H CEO CHRIS DISIPIO WILL SERVE AS AN ADVISOR TO HELP GUIDE TRANSITION AND WILL DEPART FROM AXIS IN APRIL 2018​.AXIS CAPITAL HOLDINGS - SEPARATELY, CO WILL COMBINE CEDED RE AND ITS THIRD PARTY CAPITAL BUSINESS INTO A SINGLE STRATEGIC RISK-FUNDING DEPARTMENT.AXIS CAPITAL HOLDINGS LTD - ‍ ORGANIZATIONAL CHANGES WILL BE IN PLACE DURING Q2 OF 2018​.AXIS CAPITAL - EXPECTS TO INCUR PRE-TAX CHARGES ASSOCIATED WITH THE IMPLEMENTATION OF ORGANZIATIONAL CHANGES THAT RESULT IN RUN-RATE COST SAVINGS.AXIS CAPITAL HOLDINGS LTD - ‍WILL INTRODUCE AN INTEGRATED FUNCTIONAL MODEL FOR BOTH ITS IT AND FINANCE DEPARTMENTS​.

RGA Says It Announced Completion Of Asset And Longevity Risk Transaction With Liverpool Victoria Friendly Society

Tuesday, 19 Dec 2017

Dec 19 (Reuters) - Reinsurance Group Of America Inc ::REINSURANCE GROUP OF AMERICA INC - ANNOUNCED COMPLETION OF ASSET AND LONGEVITY RISK TRANSACTION WITH LIVERPOOL VICTORIA FRIENDLY SOCIETY.REINSURANCE GROUP OF AMERICA INC - UNDER AGREEMENT, CO WILL REINSURE APPROXIMATELY £900 MILLION IN INDIVIDUAL ANNUITY BUSINESS.REINSURANCE GROUP OF AMERICA INC - ADDITIONAL TERMS OF TRANSACTION ARE NOT BEING DISCLOSED.

Coface Q3 operating income up at 51.7 million euros

Wednesday, 25 Oct 2017

Oct 25 (Reuters) - Coface Sa :‍ANTICIPATES REACHING EUR 15M COST SAVINGS IN 2017​.‍AFFIRM ITS COST SAVINGS TARGET OF EUR 30M FOR 2018​.‍CONFIRMS EUR 30M INVESTMENT FOR PERIOD 2017-2019​.‍RESTRUCTURING EXPENSES WILL BE LOWER THAN PREVIOUSLY ANTICIPATED​.‍9 MONTH TURNOVER: EUR 1,021.2M DOWN (0.3)% AT CONSTANT PERIMETER AND EXCHANGE RATES ​.‍Q3 2017 TURNOVER UP +0.2% ON A COMPARABLE BASIS​.‍9 MONTH NET INCOME (GROUP SHARE) AT EUR 55.0M​.Q3 REVENUES EXCLUDING SALE OF SEGM OF EUR ‍​329.4 MILLION VERSUS EUR 334.3 MILLION YEAR AGO.Q3 OPERATING INCOME EXCLUDING SEGM EUR ‍​51.7 MILLION VERSUS LOSS EUR 3.4 MILLION YEAR AGO.Q3 NET INCOME EXCLUDING SEGM EUR 34.8 MILLION VERSUS LOSS OF EUR 16.4 MILLION YEAR AGO‍​.

Markets

  • Sectors
  • Europe
  • U.S.
  • Asia

Sector Summary