Capacity glut benefits Asia-Pacific buyers: report
09 November 2015
It’s a buyer’s market in the Asia-Pacific region, with reinsurance capacity outweighing demand, according to a new report from Guy Carpenter…
International
AIG flags restructure, rejects break-up following Q3 loss
09 November 2015
AIG has reported a net loss of $US231 million for the third quarter, compared with a net profit of $US2.2 billion in the corresponding period last year…
Mitigation the answer to cyber risks: Munich Re
09 November 2015
Cyber risks are among the greatest threats to a nation’s infrastructure, but state-subsidised insurance pools are not the answer, according to Munich Re…
Zurich rings in changes after Q3
09 November 2015
Zurich Insurance Group’s net profit for the third quarter has met the insurer’s worst expectations, falling 79% to $US256 million…
Munich Re ‘on course’ despite Q3 profit slide
09 November 2015
Munich Re has posted a third-quarter profit of €525 million, down from €736 million in the corresponding period last year…
Low rates the new normal, Allianz says
09 November 2015
Low rates are here to stay but can be managed, the Singapore International Reinsurance Conference has heard…
Ebix confident after further growth
09 November 2015
Insurance technology specialist Ebix has recorded third-quarter net income of $US20.2 million, up 12% on the corresponding period last year…
JLT reports ‘robust’ performance
09 November 2015
UK-based JLT Group says its risk and insurance business has performed “robustly” in the past four months, despite a challenging environment…
Berkshire insurance underwriting income takes hit
09 November 2015
Berkshire Hathaway has reported a third-quarter operating profit of $US4.55 billion, down marginally from $US4.72 billion in the corresponding period last year…
El Nino’s ‘fingerprints’ on October catastrophes
09 November 2015
Last month’s global catastrophe losses are expected to top $US10 billion, according to Impact Forecasting’s monthly update…
Regulatory pressure ‘may bring more M&A’
09 November 2015
Tightened solvency frameworks may trigger another round of mergers and acquisitions, according to a new report from Standard and Poor’s…
UK industry acts to build trust on renewals, claims
09 November 2015
The Association of British Insurers and the British Insurance Brokers’ Association are to develop an industry code on handling vulnerable customers at renewal time…
Allianz third-quarter profit falls
09 November 2015
Allianz has reported third-quarter net income of €1.44 billion, down 14.7% on the corresponding period last year…
Hannover Re defies tough conditions
09 November 2015
Hannover Re has reported net income of €254.1 million for the three months to September 30, up 1.2% on the corresponding period last year…
Scor reports P&C premium gains
09 November 2015
Scor Global has reported a 17% rise in property and casualty gross written premium to €1.4 billion for the three months to September 30…
US storms shake Mapfre profit
09 November 2015
Spanish insurance giant Mapfre has reported net profit of €591 million for the first nine months of the year, down 12.1% on the corresponding period last year…
US commercial rates drop
09 November 2015
US commercial property and casualty rates dropped 2% last month, according to analyst MarketScout…
Activist investor pushes for AIG break-up
02 November 2015
AIG is under pressure to rethink its business model after a shareholder called for a break-up of the US insurance giant…
Zurich adds to Hong Kong business
02 November 2015
Swiss giant Zurich has agreed to acquire Hong Kong general underwriter Kono Insurance for an undisclosed sum…
Swiss Re finds market tough going
02 November 2015
Swiss Re has reported flat premium in the property and casualty business and a number of large claims in the three months to September 30…