37 countries more risky, says Aon
30 April 2012
Global broker Aon has downgraded 37 countries’ ratings in its annual risk assessment of global terrorism and political violence…
International
Reinsurers weather 2011 losses well
30 April 2012
Ratings agency AM Best has described the financial position of global reinsurers as “resilient” despite the numerous and severe loss events last year…
‘Stupid’ US insurers not raising rates, says Berkley
30 April 2012
US commercial property/casualty rates will have risen 8-9% by the end of this year, but some “stupid” companies haven’t begun raising their premiums, according to WR Berkley Chairman and CEO…
Willis reports flat revenue growth
30 April 2012
Willis Group Holdings has reported flat first-quarter revenue growth of just 1% for the three months ending March 31…
JLT reaffirms 2012 trading outlook
30 April 2012
Jardine Lloyd Thompson says it remains on track to meet its financial forecasts for this year…
Ace pre-tax profit soars
30 April 2012
Ace has reported a $US973 million ($938 million) pre-tax profit for the first quarter, a 289% increase on the same period last year…
WR Berkley’s Q1 income rises
30 April 2012
WR Berkley has reported a first-quarter net income rise to $US135 million ($131 million), up from $US116 million ($113 million) in the first quarter last year…
Axis reduces cat exposure
30 April 2012
Bermudian (re)insurer Axis Capital reduced its catastrophe reinsurance underwriting capacity for the first quarter of this year and says it will continue to hold back capacity “until market pricing better…
Liberty Mutual shakes off 2011 woes with strong Q1
30 April 2012
US insurer Liberty Mutual has joined its peers in reporting a solid first-quarter result as market conditions stabilised following the disasters of 2011…
Arch reports improved first quarter
30 April 2012
Arch Capital has reported a net profit of $US158 million ($152 million) for the first quarter…
Pirates prevail in African waters
30 April 2012
Pirate attacks off West Africa are growing more violent, according to the International Maritime Bureau’s latest global piracy report…
Marine market facing tough year despite falling losses
23 April 2012
The number of global shipping losses last year was 55 – down from 87 the year before – according to the International Union of Marine Insurance…
Catastrophes send Bermuda reinsurers into loss
23 April 2012
Bermuda-based reinsurers absorbed 45% of last year’s catastrophe losses, pushing nearly half of the companies into the red last year…
Property/casualty rates rising, says Willis
23 April 2012
Property/casualty insurance rates are increasing, according to Willis’ 2012 Marketplace Realities report…
Moody’s: UK general insurance outlook stable
23 April 2012
The outlook for UK general insurance remains stable, says Moody’s latest Industry Outlook report…
Insurance-linked securities post record quarter
23 April 2012
The insurance-linked securities market is booming with more issued in the first quarter of this year than at any other time, an Aon Benfield study shows…
Lower net income, more underwriting losses
23 April 2012
US property/casualty insurers’ net income fell last year, but rose in the year’s fourth quarter, according to the full-year industry results of the Property Casualty Insurers Association of America…
Arctic poses unique risks for insurers
23 April 2012
A new report from Lloyd’s examines what companies operating in the Arctic need to do to manage the unique risks they face…
Chubb’s Q1 income rises
23 April 2012
Chubb has reported a small overall decline in first-quarter net income from $US509 million ($493 million) last year to $US506 million ($490 million) this year…
Catlin wins approval for Beijing office
23 April 2012
Lloyd’s insurer Catlin has been granted approval to open and operate a wholly owned representative office in Beijing…