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International

2011 nat cats set new record, say reinsurers

30 January 2012

Economic losses from natural catastrophes in 2011 were the highest on record, according to global reinsurers…

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Reinsurance rate rises ‘fragmented’

30 January 2012

Reinsurance rates have not risen uniformly despite a year of severe natural catastrophe losses, according to the latest renewals data…

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Aon moves to London

30 January 2012

Major broker Aon has decided to move its global headquarters from Chicago to London…

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Business has ‘head in the sand’ over risk, says Ward

30 January 2012

Risk is poorly understood and must be a priority for business leaders after the most devastating economic losses on record, Lloyd’s CEO Richard Ward has warned…

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Larger losses loom from Thai floods

30 January 2012

Insurance losses from flooding in Thailand could reach $US20 billion ($18.8 billion), although a final figure won’t be known until all business interruption policies are processed…

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Swiss Re gets a new CEO

30 January 2012

Swiss Re has appointed current Global Partnerships Chairman Michel Liès as the successor to outgoing CEO Stefan Lippe…

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Insurers mop up after Costa Concordia grounding

30 January 2012

Liability claims from the grounding of the Italian cruise ship Costa Concordia could be the single largest insurance loss in maritime history…

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Bermuda market ‘will retain its position’

30 January 2012

Bermuda will retain its leading position among global insurance markets despite regulatory pushes from Europe, rising catastrophe losses and a soft underwriting cycle, according to AM Best…

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Buffett’s son to succeed – sort of

30 January 2012

Warren Buffett has named his preferred successor at the helm of US investment and (re)insurance giant Berkshire Hathaway, but the man tapped to inherit the billionaire’s vast empire will not serve…

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