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Chile quake to rival LA for damages

Mon, 08 Mar 2010 12:23:00 +1100

Insurance losses from the February 27 Chilean earthquake, which has killed nearly 1000 people and devastated the southern city of Concepcion, is poised to become the second most…

ING tries to buy time as QBE prowls

Mon, 08 Mar 2010 12:22:00 +1100

QBE Group is said to be casting an acquisitive eye on the commercial insurance operations of Dutch company ING, but the sense of urgency for a sale may be softened by a reported elasticity…

Credit insurers must review practices: Coface

Mon, 08 Mar 2010 12:17:00 +1100

The global financial crisis will force players in trade credit insurance to review their business models if they are to survive, according to leading trade credit insurer Coface…

Modest quarterly rise for Liberty Mutual

Mon, 08 Mar 2010 12:17:00 +1100

American insurer Liberty Mutual has reported a 2% lift in net profit to $US456 million ($506.5 million) for the three months to December 31…

Berkshire underwriting profit falls

Mon, 08 Mar 2010 12:15:00 +1100

US investment group Berkshire Hathaway has recorded a significant rise in total earned premiums from its insurance and reinsurance operations during 2009, but saw its underwriting profit plunge…

Savage windstorm batters Europe

Mon, 08 Mar 2010 12:05:00 +1100

Damage from winter storm Xynthia, which devastated parts of France, Belgium, Germany and the Netherlands last week, will cost insurers up to €3 billion ($4.5 billion), according to risk modeller…