Lloyd’s welcomes China Re syndicate
24 November 2014
China Reinsurance Corp has signed a deal to become the first Chinese-owned company to establish a Lloyd’s syndicate writing open-market business…
International
HDI-Gerling parent makes gains despite ‘significant’ losses
24 November 2014
Talanx, the parent of HDI-Gerling Industrial Insurance, says net profit totalled €530 million ($758 million) in the first nine months of this year, little changed from €528 million…
Pool Re accepts Treasury reforms
24 November 2014
Pool Re members have voted to accept a UK Treasury-proposed shake-up to ensure the future of the British terrorism pool…
UK businesses agree dispute resolution reforms
24 November 2014
Senior executives at UK financial services businesses have become more engaged with complaint handling following a review by the Financial Conduct Authority…
Aon announces share buyback
24 November 2014
Aon’s board has approved a $US5 billion ($5.77 billion) share buyback, with President and CEO Greg Case saying the company has strong free cashflow…
ABI selects new chief
24 November 2014
The Association of British Insurers has appointed Huw Evans as its next Director-General…
Teamwork key to modern risk management: CROs
24 November 2014
Insurers and stakeholders have been urged to step up co-operation in risk management, to get a better handle on the challenges posed by rapid technological advances…
Catlin founder nominated for hall of fame
24 November 2014
Catlin Group founder and CEO Stephen Catlin has been nominated for induction to the Insurance Hall of Fame next year…
Amlin grows GWP amid ‘challenging environment’
24 November 2014
Lloyd’s insurer and reinsurer Amlin has reported gross written premium of £2.29 billion ($4.11 billion) for the first nine months, up 4.2% on the corresponding period…
London dominance ‘under threat’
17 November 2014
London could lose its position as the world’s insurance industry hub after failing to grab a significant share of emerging markets, according to a report by the influential London Market Group…
UK insurers stand with Government against cyber threat
17 November 2014
Leading insurers have committed to work with the UK Government to tackle the growing threat of cyber attacks…
US insurers predict gains through product development
17 November 2014
New products, geographic expansion and access to new distribution channels will drive profitable growth next year, according to a survey of US insurance and reinsurance professionals…
Berkshire Hathaway reports insurance gains
17 November 2014
Berkshire Hathaway posted a stronger insurance result in the third quarter, but overall company earnings dropped after writedowns on its investment in UK retailer Tesco…
Liberty Mutual grows Q3 profit
17 November 2014
US-based global insurer Liberty Mutual has reported net income for the third quarter of $US609 million ($700 million), up 26.6% on the corresponding period last year…
Catlin confident despite falling rates
17 November 2014
Catlin has reported a 2.9% drop in average weighted premium rates for the nine months to September 30, with rates for catastrophe-exposed business down 6.9%…
Falling reinsurance rates hit Hiscox
17 November 2014
Bermuda-based Hiscox says gross written premium fell to £1.36 billion ($2.45 billion) from £1.37 billion ($2.47 billion) in the nine months to September 30, due to declining reinsurance rates…
Brit benefits from specialty growth
17 November 2014
Acquisitions helped UK-based Brit lift gross written premium by 5% to £990.7 million ($1.8 billion) in the nine months to September 30…
UK terrorism pool set for shake-up
10 November 2014
Pool Re will hold an extraordinary general meeting on November 21 to consider UK Treasury proposals to reform the British terrorism pool…
Investment revenue drives AIG earnings rise
10 November 2014
US-based global insurer AIG’s net income grew 1% to $US2.19 billion ($2.53 billion) in the third quarter as investment earnings offset an underwriting loss in the property and casualty division…
Zurich forecasts soft phase
10 November 2014
Zurich warns prices may weaken after it posted a reduced general insurance operating profit in the third quarter…