Ace first-quarter income declines, while operating result gains
29 April 2013
Ace has reported a 2% drop in first-quarter net income following lower investment earnings, while premium growth helped improve its operating result…
International
Chubb’s Q1 profit increases
29 April 2013
US-based global insurer Chubb says its first-quarter net profit grew 30%, driven by increased underwriting income…
Axis doubles Q1 profit
29 April 2013
Axis Capital has more than doubled its first-quarter profit to $US302.82 million ($294.4 million) following strong premium increases in its insurance and reinsurance segments…
Lower investment income hits WR Berkley profit
29 April 2013
WR Berkley says first-quarter net profit dropped 14% as investment income declined
Risk Solutions helps Aon to 10% profit gain
29 April 2013
Aon has posted a 10% rise in first-quarter profit thanks to increased revenues in the Risk Solutions business…
Business disruption a major worry for CEOs
29 April 2013
Business disruption is the main risk facing companies this year, according to senior executives in an annual survey by Marsh and the Risk and Insurance Management Society…
Europe raises questions on disaster insurance
29 April 2013
The European Commission has released a green paper on insurance options for natural and man-made disasters in member states…
Directors lift the lid on their worst fears
29 April 2013
Regulatory investigations and criminal penalties are the main concerns for directors and officers, according to a new survey by Willis Group and law firm Allen & Overy…
Co-operation key to reducing Somali piracy, says Lloyd’s
29 April 2013
Collaboration between the commercial sector, government agencies and the military has been a “significant factor” in reducing pirate attacks off the coast of Somalia, the Lloyd’s Market Association…
QBE to pay $US10 million penalty over US force-placed insurance
22 April 2013
QBE North America will pay a $US10 million ($9.7 million) civil penalty and reimburse homeowners as part of a settlement over force-placed insurance…
Growth in global rates slows in Q1
22 April 2013
Global insurance rates continued to harden in the first quarter of this year, according to Marsh…
Obama move against tax loophole sparks European protest
22 April 2013
A proposal to end a reinsurance tax benefit used by US insurers with foreign affiliates is being opposed by European insurers…
US risks drive insurance-linked securities
22 April 2013
Insurance-linked securities issuance will be strong this year, mainly driven by US risks and underpinned by a solid first half, an Aon Benfield report says…
London stands firm in the face of Sandy
22 April 2013
London market insurers performed well last year despite losses from Superstorm Sandy and a challenging economic environment, according to ratings agency AM Best…
‘Signposting’ improves access for older clients
22 April 2013
Elderly Britons have better access to insurance since the introduction of a “signposting agreement”, according to the British Insurance Brokers’ Association…
Reinsurer capital tops $US500 billion
15 April 2013
Global reinsurer capital grew 11% last year to about $US505 billion ($483.07 billion) at December 31, according to a report by Aon Benfield…
Property rates stable, but insurers change terms after Sandy
15 April 2013
The US property reinsurance market is flat following the January and April renewals, according to global broker Willis…
Above-average US hurricane season awaits
15 April 2013
This year’s Atlantic hurricane season will be more active than usual, with above-average probability of major systems making landfall on the US coast and in the Caribbean, according to Colorado State University’s…
We’re prepared for challenges, says Swiss Re
15 April 2013
Swiss Re is ready for the challenges of weak growth in Western countries, expansion into emerging markets and tougher regulation, executives told last week’s annual general meeting…
Ebix buys London and Middle Eastern trading exchange
15 April 2013
Insurance software provider Ebix has bought the Qatarlyst insurance and reinsurance electronic trading exchange from the Qatar Financial Centre Authority, giving it greater access to London…