Ace to open office in Myanmar
03 June 2013
Ace Group has secured provisional approval to open a representative office in Myanmar later this year…
International
US industry profits rebound
03 June 2013
The US property casualty industry increased net income nearly 52% to $US39.9 billion ($41.3 billion) in 2012 compared with the previous year, according to AM Best…
New York checks insurers’ cyber threats
03 June 2013
The Governor of New York has launched an inquiry into the steps insurers are taking to protect their customers and companies from cyber threats…
AIG and PICC Life team up in China
03 June 2013
AIG has established a joint venture with the People’s Insurance Company of China’s life insurance arm…
Oklahoma tornado claims rise as more storms hit
03 June 2013
More than 22,400 claims worth $US85 million ($88.4 million) had been filed before more tornadoes hit Oklahoma at the weekend…
UK insurance complaints soar
03 June 2013
Complaints from British consumers increased 20% in the year to March 31, according to the UK Financial Ombudsman Service’s annual review…
US insurers prepared for hurricane season, Fitch says
03 June 2013
The US property and casualty industry is well positioned to cope with this year’s tropical storm season, according to Fitch…
Oklahoma tornado ends relatively benign year for twisters
27 May 2013
Insurance claims of over $US2 billion are forecast from the deadly tornado that ripped through a suburb of Oklahoma City in May…
US Congress considers ending reinsurance tax benefit
27 May 2013
Plans to end a reinsurance tax loophole used by foreign-controlled insurers operating in the US are “short-sighted”, an industry group has claimed…
EIOPA issues Solvency II preparation guide
27 May 2013
The European Insurance and Occupational Pensions Authority is seeking feedback on its guide to preparations for the Solvency II reforms…
TRIA renewal proves a hot topic in US
27 May 2013
Uncertainty over the future of terrorism insurance has sparked a fierce debate in the US…
Tokio Marine raises profit and enters alliance talks
27 May 2013
Tokio Marine Holdings has reported a rise in annual profit, driven by its overseas business and domestic life insurance…
Hurricane experts predict active Atlantic, peaceful Pacific
27 May 2013
The Atlantic hurricane season will be active or extremely active this year, according to a National Oceanic and Atmospheric Administration forecast…
Risk is a driver of growth, Aon says
27 May 2013
Business leaders should view risk as a route to prosperity, according to Aon President and CEO Greg Case…
Hollard joins forces with Etana
27 May 2013
The Hollard Group is to acquire South African insurer Etana Insurance and become “a major force” in the South African industry…
Airlines and insurers enjoy safe year
27 May 2013
Airline insurers turned profits at the end of last year despite cutting prices to meet premium targets, according to Aon Risk Solutions…
India joins international regulatory scheme
27 May 2013
India has signed up to the International Association of Insurance Supervisors’ minimum standards document…
US insurance commissioners reject ComFrame
20 May 2013
The proposed global common framework on insurance supervision is too prescriptive and will not be accepted in the US, the National Association of Insurance Commissioners says…
Munich Re predicts period of growth
20 May 2013
The global insurance sector is set for strong growth until 2020, according to a new report from Munich Re…
Middle East and Africa dominate terrorism risk map
20 May 2013
Almost half of the 200 countries featured on this year’s Terrorism and Political Violence Map have identifiable risk, Aon Risk Solutions says…