The German unit of Allianz SE, Europes biggest insurer, sees no need to follow up on a cost-cutting program in its non-life business that has dragged on three years.
Insurance regulators in Europe wont relax rules designed to protect customers from risks to investments in structures like wind parks and power grids, Gabriel Bernardino said.
Hannover Re, the worlds third-biggest reinsurer, reported that first-quarter profit was little changed as rates charged by the industry remain under pressure.
Property and casualty reinsurance prices declined on policies renewed for April 1 amid an oversupply of capital and muted demand from clients, according to Willis Re.
Property and casualty reinsurance prices declined on policies renewed for April 1 amid an oversupply of capital and muted demand from clients, according to Willis Re.
