Capital rules drive insurer divestments
07 July 2014
Regulatory capital is the biggest driver of divestments in the insurance sector, according to a study by Ernst & Young…
International
Global capital rules face US rebellion
30 June 2014
US insurance regulators may refuse to apply new global capital rules, arguing the timelines are unrealistic…
Prince outlines insurance role in climate change action
30 June 2014
Businesses have been urged by Britain’s Prince Charles to disclose their exposure to natural disasters, to “help concentrate the mind” and encourage them to improve their resilience…
Developed markets put brake on global premium growth
30 June 2014
Premiums written in the global insurance industry grew only 1.4% to $US4.64 trillion ($4.95 trillion) last year, according to the latest Swiss Re Sigma report…
Insurers’ role critical as disasters rise: KPMG
30 June 2014
Insurers have an increasingly important role in improving international disaster resilience as weather-related losses rise, according to KPMG…
Willis calls for disaster risk disclosure
30 June 2014
Companies should have to disclose natural disaster risks in the same way they do threats from currency movements and regulatory changes, Willis Group CEO Dominic Casserley says…
Alternative capital ‘forces industry to evolve’
30 June 2014
Reinsurers and the entire property and casualty industry must evolve as new capital reshapes the market, a Casualty Actuarial Society seminar in New York has heard…
Cunningham Lindsey suffers rating drop
30 June 2014
Moody’s has downgraded its corporate family rating on global loss adjuster Cunningham Lindsey, due to lower claims volumes…
TRIA renewal progress applauded
23 June 2014
US industry bodies have welcomed the latest step towards renewal of the Terrorism Risk Insurance Act…
Moody’s downgrades reinsurers’ outlook
23 June 2014
Moody’s has changed its outlook for the global reinsurance sector to negative from stable, amid growing competition from new entrants and market overcapacity…
RSA tipped to sell Asian business
23 June 2014
Britain’s largest non-life insurer, RSA Insurance Group, could sell its Asian operations for up to $US500 million ($531 million), according to reports…
BIBA study confirms Flood Re fears
23 June 2014
A British Insurance Brokers’ Association survey reveals concerns for properties excluded from the UK’s planned flood pool – particularly small businesses…
Zurich calls for global focus on flood mitigation
23 June 2014
A “radical rethink” on flood mitigation is needed to counter a growing global threat, according to Zurich…
Ironshore lodges IPO documents
23 June 2014
US-based insurer Ironshore has filed plans for an initial public offering of its shares, enabling the founders to sell down their holdings…
Twin tornado rare, but not unique
23 June 2014
A double tornado that devastated the town of Pilger in Nebraska was unusual but not unprecedented, experts say…
‘Incomparable’ Benmosche to leave AIG
16 June 2014
Robert Benmosche will step down as CEO of AIG on September 1, to be replaced by current AIG Property Casualty CEO Peter Hancock…
TRIA extension may come at a price: Moody’s
16 June 2014
Moody’s expects the US Terrorism Risk Insurance Act to be extended, but with greater financial responsibility passed on to insurers…
Cyber insurance high on the agenda
16 June 2014
Data theft is the biggest threat to business reputations and 77% of mid to large companies intend to have some level of cyber insurance in place by next year, according to a US survey…
Japanese insurers forecast slower growth
16 June 2014
Japan’s five major insurers have reported a total combined operating ratio of less than 100 for the first time in six years, but they expect slower growth in net written premium for…
Underinsurance puts pressure on Asian governments
16 June 2014
Asia-Pacific has been more vulnerable to natural catastrophes than any other region in the past 20 years, and underinsurance means governments may no longer be able to act as insurer…