Scientists predict another mild hurricane season
10 August 2015
US researchers expect a below-average Atlantic hurricane season, estimating eight named storms between June 1 and November 30…
International
Rate reductions ease in UK personal lines
10 August 2015
The rate of decline in UK home and motor premiums is slowing after three years of reductions, according to the British Insurance Brokers’ Association…
Zurich confirms RSA is takeover target
03 August 2015
Zurich Insurance Group has confirmed its interest in acquiring British company RSA Insurance Group…
Lloyd’s applies for Malaysian reinsurance licence
03 August 2015
Lloyd’s will apply for a reinsurance licence in Malaysia and open an office in Kuala Lumpur, the UK and Malaysian governments have announced…
Cost of risk falling, RIMS says
03 August 2015
The cost of risk fell last year after three years of increases, and the market continues to soften, according to the annual Risk Insurance Management Society’s US Benchmark Survey…
Bill Berkley hands reins to his son
03 August 2015
WR Berkley Chairman and CEO Bill Berkley is handing over as CEO of the company he founded in 1967 to son Robert…
Aon Q2 profit slumps
03 August 2015
Aon has reported second-quarter net income of $US188 million, down 40% on the corresponding period last year…
Strong dollar pushes down Marsh & McLennan profit
03 August 2015
Marsh & McLennan’s net profit dropped 2.7% to $US419 million in the second quarter, mainly due to the strong US dollar…
Profit rises sharply for growing Gallagher
03 August 2015
Strong organic growth and acquisitions helped Arthur J Gallagher increase profit by 28% to $US139.3 million in the June quarter…
Willis reports profit rise
03 August 2015
Willis has reported second-quarter net income of $US70 million, up 49% on the corresponding period last year…
US commissioners release cyber security ‘bill of rights’
03 August 2015
The US National Association of Insurance Commissioners has released a draft cyber security “bill of rights” that sets standards to help consumers if personal information is compromised…
Swiss Re cashes in despite tough market
03 August 2015
Swiss Re has reported an 11% increase in net profit to $US2.3 billion for the first half of this year…
Scor result defies industrial losses
03 August 2015
Scor increased profit by 28% to €327 million in the first half, despite unusually high major industrial losses…
Premium dip dents Arch income
03 August 2015
Arch Capital says net income fell 45% to $US110.3 million in the second quarter, driven by lower investment income and premium returns…
Rates defy gravity: Hiscox
03 August 2015
Hiscox has reported a half-year profit of £129.38 million, rising 8% in a market Chairman Robert Childs says is “defying gravity”…
Aspen reports slump in Q2 profit
03 August 2015
Bermuda-based Aspen Insurance Holdings reported second-quarter net income of $US49 million, down from $US130.8 million in the corresponding period last year…
Regulation firms as industry’s main ‘banana skin’
27 July 2015
The international insurance industry remains most concerned about over-regulation, according to the Centre for the Study of Financial Innovation’s biennial survey on threats…
US advisory group backs Exor in PartnerRe battle
27 July 2015
An influential US proxy advisory company has told shareholders to vote against the proposed merger of Bermuda-based PartnerRe and Axis Capital Holdings…
Pirate attacks rise in first half
27 July 2015
Piracy incidents in the first six months of the year rose to 134, according to the International Maritime Bureau’s Piracy Reporting Centre…
Natural disaster losses fall to nine-year low
27 July 2015
Insured losses from natural disasters worldwide totalled $US15 billion ($20.31 billion) in the six months to June 30, the lowest sum since 2006, according to the latest catastrophe report from Impact Forecasting…