16 February 2015
Large mergers and acquisitions have recently occurred in the London insurance market, and private equity groups looking to sell stakes are expected to drive activity over the next year, according to AM Best…
16 February 2015
European insurers warn proposed laws on data protection may increase the cost of cover…
16 February 2015
Scor Global P&C achieved gross written premium of €2.8 billion ($4.13 billion) at the January 1 renewals, up 2.4% on last year…
16 February 2015
Natural catastrophe losses fell to $US110 billion ($142 billion) last year from $US140 billion ($181 billion) amid a mild North Atlantic hurricane season and an absence of major disasters, according to Munich Re…
16 February 2015
Global insurer and reinsurer Catlin has posted a 6.6% rise in net profit to $US418 million ($541 million) for last year, fuelled by higher premium earnings…
16 February 2015
Willis Group Holdings has reported net income of $US362 million ($467 million) for last year, down slightly from $US365 million ($471 million) in 2013…
16 February 2015
Bermudian insurer and reinsurer Arch Capital recorded an 18.1% rise in net income to $US812.4 million ($1.05 billion) last year…
16 February 2015
The Association of Insurance and Risk Managers in Industry and Commerce has welcomed the UK Parliament’s unanimous approval of the Insurance Bill…
09 February 2015
The UK’s terrorism pool has been criticised for failing to provide business interruption cover when there is no property damage…
09 February 2015
UK brokers want more funding for flood defences, changes to riot laws that give businesses more time to make claims and more action on fraudulent motor claims, the British Insurance Brokers’ Association says in its manifesto for this year…
09 February 2015
US President Barack Obama proposes ending the reinsurance tax break enjoyed by foreign insurers writing in America that pay reinsurance premiums to their overseas affiliates…
09 February 2015
Marsh & McLennan’s net profit grew 8% to $US1.46 billion ($1.87 billion) last year, as insurance and reinsurance revenue grew…
09 February 2015
Global insurance broker and risk manager Aon has reported a net profit of $US1.43 billion ($1.83 billion) for last year, up 25% on 2013…
09 February 2015
Arthur J Gallagher increased profit by 13% to $US303.4 million ($389.46 million) last year on a strong result from its brokerage operations…
09 February 2015
Munich Re has posted net profit of €3.2 billion ($4.6 billion) for last year, down from €3.3 billion ($4.8 billion) in 2013…
09 February 2015
Ireland-based XL Group has achieved its best result in 15 years, according to CEO Mike McGavick…
09 February 2015
Losses from the Brisbane hailstorms are filtering into financial results, with Allied World reporting the storms and Typhoon Rammasun cost its reinsurance division $US22 million ($23.24 million) in the fourth quarter…
09 February 2015
Beazley’s reinsurance division underwrote 9% less premium last year as it responded to overcapacity in the market…
09 February 2015
Hannover Re says it is happy with the January treaty renewals despite weaker prices amid tough business conditions, and it is confident of meeting its profit targets for the year…
09 February 2015
China’s insurance industry recorded a profit of 204.7 billion yuan ($42.1 billion) last year, more than double that of 2013, the China Insurance Regulatory Commission says…