Douglas Shillito This week, a Swiss Re Sigma Report indicated that of the estimated $71bn of economic losses from natural catastrophe and man-made losses in the first half of the year, 44% were insured losses.
News & Commentary
This week, interim and second quarter financials were dominated by generally positive results from large life insurers
Solvency II is a step in the wrong direction that will keep some companies alive that would be better giving themselves a decent burial and consolidating themselves out of the market now, according to industry consultant Ned Cazalet.
Growth in its Asian operations helped UK insurance giant Prudential post a forcast-beating 6% rise in first-half operating profit to £2.06bn ($2.69bn, €2.4bn), helping offset a drop in profits from its M&G asset management business.
The half year numbers out from three of the UK’s largest insurance companies over the past few days illustrate the increasing importance of backing the right asset management horse.
You have to give Mark Carney credit for creativity. Central banks are backed into a corner when it comes to their options and ability to influence the real economy.