21 November 2011
The industry must do more to encourage young people to consider a career in insurance, says new Chartered Insurance Institute President Julian James, who has launched his presidential year…
21 November 2011
Insurers to the operator of the Deepwater Horizon oil rig have fought off a claim by BP that it was covered under their policies when the rig exploded in the Gulf of Mexico in April last year…
21 November 2011
US premiums in three out of four lines of business are on the rise again, according to the latest Risk Management Society’s Benchmark Survey…
21 November 2011
The Thai floods continue to expand and are increasingly affecting the inner city of Bangkok…
21 November 2011
The cost to insurers of recent floods in southeastern France has been estimated at €600 million to €800 million ($800 million-$1 billion)…
21 November 2011
While insurance companies have survived this year’s natural disasters, the International Association of Insurance Supervisors has expressed concerns about investment risk…
21 November 2011
Lloyd’s (re)insurer Catlin Group has reported a 12% increase in gross written premium for the nine months to 30 September…
21 November 2011
The UK life industry is facing significant regulatory change that will force insurers to change their business models, a new report by Standard & Poor’s says…
21 November 2011
The UK Financial Services Authority has fined a broker £195,117 ($308,000) for insurance fraud and banned him from carrying on regulated financial services…
14 November 2011
Catastrophe losses hit the profits of Hannover Re and Munich Re for the first nine months of the year, although they have reported that premiums are growing and rates are hardening…
14 November 2011
German insurer Allianz has seen its profit slump in the third quarter due to the impact of share market turmoil on its investments and writedowns on Greek bonds…
14 November 2011
Weather-related catastrophes in the Asia-Pacific region have more than tripled in the past 30 years, according to research by Munich Re…
14 November 2011
Global reinsurers are confident about opportunities in the Asia-Pacific region and remain interested in doing business there despite this year’s catastrophe losses, according to a survey from Lloyd’s…
14 November 2011
Berkshire Hathaway subsidiary Gen Re has shrugged off a torrid claims period earlier this year to post encouraging results in the third quarter…
14 November 2011
UK-based broker Jardine Lloyd Thompson has described the insurance market over recent months as “challenging” and “competitive”…
14 November 2011
“Flat” is the word from US electronic insurance exchange MarketScout following the release of October results calculated on the composite rates for the US property and casualty sector…
14 November 2011
UK-based Howden Broking Group has acquired the insurance operations of Accette Insurance Group in Hong Kong, Singapore, Thailand, Malaysia and the Philippines for an undisclosed sum…
07 November 2011
The Asia-Pacific region accounts for less than 15% of excess of loss catastrophe premiums globally, but this year has provided 67% of reinsurers’ losses, according to Guy Carpenter’s 2011…
07 November 2011
Losses from the Thai floods cannot be assessed with any certainty until floodwaters subside and access is regained…
07 November 2011
The merger between UK broker associations the British Insurance Brokers’ Association and the Institute of Insurance Brokers was formalised in London last week…