Indian ownership bill to clear way for IAG deal
15 December 2014
Foreign insurers will be allowed to buy up to 49% of Indian insurance companies if the Government passes the Insurance Bill this week, as widely expected…
International
Large clients voice frustration with US workers’ comp
15 December 2014
Workers’ compensation ranks lowest for claims, billing and payment satisfaction among large US commercial insurance clients, according to a new survey…
Solvency regime to lift Chinese insurer credit profiles
15 December 2014
China’s new solvency framework should improve insurers’ credit profiles, particularly among larger companies, Standard & Poor’s says…
Losses low as tropical cyclone season passes quietly
08 December 2014
This year’s tropical cyclone season was mostly benign, with 40 events worldwide causing preliminary insured losses of $US2.7 billion and killing 544 people, according to Munich Re…
Insurers ‘show way on climate threats’
08 December 2014
The UK-based scientific group the Royal Society says principles used in insurance should be adopted more broadly in the financial sector, to ensure weather risks are made clear as climate changes…
ACORD chief to step down
08 December 2014
ACORD President and CEO Gregory Maciag has announced he will retire in January 2016…
Aviation exposed to cyber attack: Allianz
08 December 2014
Terrorists may use cyber attacks to hit the aviation industry, an Allianz Global Corporate & Specialty report warns…
Risk modeller warns of more European storms
08 December 2014
The severe winter in North America points to increased storm activity in Europe, Impact Forecasting warns in its global catastrophe report for last month…
Moody’s rates global P&C sector stable
08 December 2014
Moody’s has maintained its stable outlook for the global property and casualty insurance sector next year…
Pirates pose increasing threat in Asia
08 December 2014
Pirate activity has soared in southeast Asia, according to the International Maritime Bureau’s latest report…
US commercial rates make slight gains
08 December 2014
US commercial insurance prices increased 1% last month, with industry barometer MarketScout reporting slight growth across various lines…
Tokio Marine rating under review after Japan cut
08 December 2014
Moody’s is considering a downgrade for Tokio Marine & Nichido Fire Insurance after Japan’s sovereign rating was cut to A1 with a stable outlook, down from Aa3…
Expansion costs dent Innovation Group profit
08 December 2014
UK claims technology company Innovation Group says pre-tax profit fell 8% to £13.2 million in the year to September 30, due to exceptional costs from recent expansion…
Rates continue downward trend worldwide
01 December 2014
Global insurance prices fell 2.8% in the third quarter, according to Marsh…
UN backs Willis-led disaster stress test
01 December 2014
The United Nations has endorsed the “1-in-100” disaster resilience stress test championed by Willis Group…
Emerging markets to lead growth: Swiss Re
01 December 2014
The global economy is expected to strengthen “modestly” next year, according to Swiss Re…
Winter storms to cost US insurers $2.9 billion
01 December 2014
Insured losses from winter storms in the US this year are tipped to exceed $US2.5 billion ($2.9 billion), as parts of the country again shiver under an Arctic blast…
IPCC finalises global warming mitigation report
01 December 2014
The United Nations Intergovernmental Panel on Climate Change has released its full report on mitigation, arguing immediate action is needed to keep global warming in check…
Ace names regional accident and health VP
01 December 2014
Ace Group has promoted Blain Waterford to the new position of VP and Deputy Head of Accident and Health in Asia-Pacific…
Email campaign raises consumer awareness
01 December 2014
The US Insurance Information Institute has launched an email campaign to help consumers ensure they regularly review their cover and have the right policies for their needs…