Experts predict a ‘normal’ Atlantic hurricane season
28 May 2012
This year’s Atlantic hurricane season will be “close to the norm”, US scientists say – but that doesn’t mean US insurers should be complacent…
International
Chartis wants to go back to the future
28 May 2012
A senior Chartis executive has revealed the international arm of the business would like to go back to its old brand – AIG…
UK motor insurers’ losses continue
28 May 2012
The UK motor insurance market’s net combined ratio dropped to 106% last year, which was an improvement from the 120% recorded in 2010…
Insurers count losses from Italian earthquake
28 May 2012
Insured losses from the May 20 earthquake in Italy’s northern Emilia-Romagna region are estimated at $US127 million ($131 million)…
Regulation ‘threatens’ US reinsurers
28 May 2012
Too much regulation is threatening competitiveness for US-based reinsurers, according to members of the Reinsurance Association of America…
Aon promotes risk solutions chief
28 May 2012
Aon has promoted Steve McGill to the new role of group president, alongside his duties as chairman and CEO of Aon Risk Solutions, the company’s broking and risk management division…
China’s general insurance market ‘stable’
28 May 2012
Ratings agency Moody’s is maintaining a stable outlook for the Chinese property and casualty insurance industry…
UK insurers expect to miss Solvency II deadline
28 May 2012
An increasing number of UK insurers believe the industry will miss the January 2014 compliance deadline for the Solvency II capital regulation regime…
Allianz boosts Q1 profit
21 May 2012
Allianz has increased its first-quarter profit 60% to €1.37 billion ($1.76 billion) this year, due to the drop in catastrophes and improved market conditions…
Lloyd’s plans to boost global hubs
21 May 2012
Lloyd’s wants to attract more insurers to its London base while expanding its overseas hubs, particularly in Asia, as part of its Vision 2025 strategy…
Regulation the main issue for UK brokers
21 May 2012
Most UK brokers believe regulation is the main challenge to their businesses, with new commission disclosure rules on the horizon…
OAMPS UK accuses former manager of poaching
21 May 2012
OAMPS UK is suing a rival broker and a former executive over client and staff poaching, according to a report…
Boost for US property/casualty market
21 May 2012
A review of results for Moody’s-rated property and casualty insurers shows the industry’s net income is up substantially in the first quarter – around 70% more than the corresponding period last year…
UK brokers under Deloitte scrutiny
21 May 2012
Financial consultancy Deloitte is to review the British Insurance Brokers’ Association…
Cat bonds getting bigger, rates firming
21 May 2012
The catastrophe bond market shows signs of firming despite a record level of issues in the first quarter, says Guy Carpenter in a study of the market…
Myanmar begins to open insurance market
21 May 2012
The insurance market in Myanmar is beginning to open the door to competition, following recent democratic advances – but its high capital requirements are expected to deter insurers…
Zurich profit jumps from fewer disasters, higher premiums
14 May 2012
Global insurer Zurich increased profit by 78% to $US1.14 billion ($1.13 billion) in the first quarter, which CEO Martin Senn attributes to fewer catastrophes and disciplined underwriting…
Munich Re Q1 profit jumps
14 May 2012
Munich Re posted a €780 million ($999 million) profit in the first quarter of this year due to reduced losses from natural catastrophes as well as higher investment income…
UK regulator bans and fines executive chairman
14 May 2012
The UK’s Financial Services Authority has banned Mitsui Sumitomo Insurance Company (Europe) Executive Chairman Yohichi Kumagai…
US market hardening: MarketScout and CIAB
14 May 2012
The US market is hardening as property/casualty, professional and personal rates have increased, according to MarketScout and the Council of Insurance Agents & Brokers…